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Wilkes Barre

Current Mortgage Rates in Wilkes Barre, Pennsylvania

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

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

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Mortgage Rates in Wilkes Barre, PA as of October 14, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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.

How Do Today's Wilkes Barre, PA Mortgage Rates Compare?

October 14, 2019

The current average rate for a 30 year fixed rate mortgage in Wilkes Barre 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
Wilkes Barre, PA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Wilkes Barre, Pennsylvania?

The median home value for Wilkes Barre, PA (Luzerne County) is $127,586

The median household income for Wilkes Barre, PA (Luzerne County) is $50,797

Based on current mortgage rates and a 10% down payment, you need to make $23,671 per year to buy the median priced home in Wilkes Barre

The home price you can afford to buy based on household income in Wilkes Barre is 215% of the median home value which means housing prices are affordable

Wilkes Barre (Luzerne County) ranks 18 out of 67 counties in Pennsylvania and 1,297 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Wilkes Barre, PA is affordable

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Loan Limits for Wilkes Barre, Pennsylvania

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Wilkes Barre (Luzerne County) below.

Conforming loan limits for Wilkes Barre, PA

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Wilkes Barre, PA

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Wilkes Barre, PA

1 unit: $484,350

Additional Mortgage Resources for Wilkes Barre, PA Residents

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Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index