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Pennsylvania

Current Pennsylvania Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Pennsylvania. Review free, personalized mortgage rates for Pennsylvania based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Pennsylvania. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Pennsylvania as of January 23, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Pennsylvania Mortgage Rates Compare?

January 23, 2020

The current average rate for a 30 year fixed rate mortgage in Pennsylvania is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Pennsylvania Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Pennsylvania?

Below we offer valuable insights on the housing market and real estate prices in Pennsylvania. Understand how much you need to make to buy a house in Pennsylvania, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Pennsylvania is affordable for you. We provide this helpful information to help you decide if living in Pennsylvania is right for you.

The median home value for Pennsylvania is $212,672

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Pennsylvania is $38,275

With this income, you could qualify for a $191,405 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Pennsylvania is $886

The median household income for Pennsylvania is $62,121

Based on this income, you can afford a home valued at approximately $345,166

The home price you can afford to buy based on household income in Pennsylvania is 162% of the median home value which means housing prices are affordable. Pennsylvania ranks 20 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Pennsylvania is affordable

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Additional Mortgage Resources for Pennsylvania Residents

Mortgage Rates for Pennsylvania Cities

Allentown Mortgage Rates

Altoona Mortgage Rates

Beaver Mortgage Rates

Bensalem Mortgage Rates

Bethlehem Mortgage Rates

Butler Mortgage Rates

Carlisle Mortgage Rates

Chambersburg Mortgage Rates

East Stroudsburg Mortgage Rates

Erie Mortgage Rates

Gettysburg Mortgage Rates

Harrisburg Mortgage Rates

Johnstown Mortgage Rates

Lancaster Mortgage Rates

Lebanon Mortgage Rates

Lower Merion Mortgage Rates

Mercer Mortgage Rates

Philadelphia Mortgage Rates

Pittsburgh Mortgage Rates

Pottsville Mortgage Rates

Reading Mortgage Rates

Scranton Mortgage Rates

State College Mortgage Rates

Uniontown Mortgage Rates

Upper Darby Mortgage Rates

Washington Mortgage Rates

West Chester Mortgage Rates

Westmoreland Mortgage Rates

Wilkes Barre Mortgage Rates

Williamsport Mortgage Rates

York Mortgage Rates