Baltimore, compare homeowners insurance, Maryland: A Surging Real Estate Market? February 2013 Foreclosure Reports It has been reported that Maryland’s real estate market made an interesting turn in February. For eight consecutive months, Maryland has ranked in the top ten states in foreclosure rates. Maryland’s foreclosure rate increased just over 80% within the first two months of the year. In a sense, this demonstrated a 300% increase since 2012. A Closer Look At Baltimore Baltimore was one of five states in America’s top twenty markets that have seen a continual ascent in foreclosure rates. This has signified a dangerous sign for the Baltimore housing market. The main concern of the Baltimore real estate market is whether this trend will continue to surge or decrease by year’s end. 15-Year Mortgage Rate Level As mortgage rates continue to drop in Maryland, homeowners are expected to make a move on the low rates. It has been anticipated by the Baltimore real estate market that this could potentially draw more buyers into a housing market with a 15-year mortgage rate level low. It remains to be seen what this effect will have on the greater Maryland real estate community. However, the mortgage levels continue to drop steadily each month.