Pennsylvania Mortgage Rates Today — Compare PA Lenders
The average 30-year fixed mortgage rate in Pennsylvania is currently 6.55% APR. Pennsylvania spans from the dense Philadelphia metro to very affordable mid-sized cities. Pittsburgh consistently ranks among the most affordable major US cities. Compare today’s rates from top Pennsylvania lenders across all major loan types below.
Pennsylvania Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $320,000 loan on a single-family primary residence in Pennsylvania.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.55% | 6.55% | Most Popular |
| 15-Year Fixed | 5.90% | 5.90% | Pay off faster, save interest |
| 5/1 ARM | 6.67% | 6.67% | Short-term owners |
| FHA 30-Year | 6.20% | 6.20% | Low down payment |
| VA 30-Year | 6.04% | 6.04% | Veterans & military |
| 30-Year Refinance | 6.67% | 6.67% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Pennsylvania
Pennsylvania offers diverse housing markets. Philadelphia competes with other major Northeast metros in price, while Pittsburgh consistently ranks as one of the most affordable major cities in the US. The state’s established neighborhoods, strong universities, and healthcare sector anchor a stable market.
Pennsylvania Housing Finance Agency offers first-time buyer programs statewide. The Pocono Mountains region attracts vacation and second-home buyers. Smaller cities like Allentown, Erie, and Scranton offer large-home value at accessible prices.
What Affects Your Pennsylvania Mortgage Rate?
Several key factors influence the rate a Pennsylvania lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.