Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Pennsylvania Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $178,063 $102,500 $155,000 $215,000
Property Values $258,107 $147,500 $205,000 $315,000
Average LTV 75.0%
Percent Refinance 81.2%
Pct of Refis Cashout 11.6%

Pennsylvania Mortgage Rates

When you hear the slogan, "You've Got a Friend in Pennsylvania," your mortgage lender might not be the first person that comes to mind. However, the best Pennsylvania lenders will work with you to find the most affordable mortgage or refinance available. You can start moving in the right direction by doing some independent research at Mortgageloan.com. Browse for brokers, review mortgage loan rates, read mortgage articles, use the glossary to refresh your knowledge, and crunch numbers with our mortgage calculators.

Quicken Loans

4.168%APR

Rates as of: 4/14/2014 30 Yr. Fixed
  • We close our loans FAST - many in 30 days or less!
  • Rates are still historically low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.
Show Phone number

Call Now: 800-695-1899

Rate APR Term Point Payment
  • 4.000%
  • 4.125%
  • 4.250%
  • 4.168%
  • 4.209%
  • 4.250%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.000%
  • $979
  • $994
  • $1,008

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Rate Map for Pennsylvania

What are mortgage rates like in your area? Our Pennsylvania Rate Map provides rate information on individual mortgage loans obtained by borrowers just like you all across the state! Each colored marker represents a single loan – click on one to get information on the mortgage rate, loan amount, loan-to-value ratio and more.

To further refine your search, you can use the list of options at left to sort results by credit score and location.

This rate map project is part of our effort to make the mortgage process more transparent for all borrowers. If you found it useful in negotiating a mortgage and would like to anonymously add your own loan information, just click on “Share Your Rate” above the map. Your fellow borrowers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

ARMs

The popularity of Pennsylvania adjustable-rate mortgages (ARMs) tends to fluctuate with economic cycles. ARMs have some important characteristics:

  • A low initial rate and payment that usually last for one, three or five years.
  • A variable interest rate that tracks with a benchmark index such as LIBOR; this rate goes into effect once the initial rate expires. ARMs are available in many shapes and sizes, and can be used to address special circumstances, such as uneven annual income and short-term borrowing. They're frequently used for Pennsylvania borrowers who need a low payment now, but expect to afford a higher payment later.

Home Equity Loans

Fixed-rate second mortgages are called home equity loans. Borrowers use them to convert home equity into cash for one-time expenses. This same objective can also be achieved with a refinance. Relative to refinancing, home equity loans have lower closing costs, but higher interest rates. Home equity loans might be preferred over refinancing if you already have a low-rate first mortgage, or if you want to pay off the new debt in less than 30 years.

Mortgage Loan Rates

You don't have to be a mortgage expert to get the best loan rates; but knowing more will certainly aid in your decision-making. Here are a few essential tips:

  • The annual percentage rate (APR) allows for the comparison of mortgages with different closing costs.
  • The amortization of your prospective mortgage loan is very important. In other words, know how the payments are applied to the debt balance over time.
  • Low payments are a concern, but not your only concern. Depending on the amortization schedule, a mortgage with a low payment might be affordable in the short-term, and expensive in the long-term.
  • Second mortgages have higher rates than refinanced mortgages.
  • ARMs begin with lower rates than fixed-rate mortgages (FRMs), but over time, the rate can adjust to much higher levels.

Experimenting with mortgage calculators is a great way to hone your knowledge. Mortgageloan.com has more than 100 different calculators, allowing you to test rates, amounts, and loan types against your budget. You can even account for different scenarios; if you intend to remodel, for example, try comparing a complete refinance to the combination of a first mortgage and home equity loan.

It's important to meet with different lenders and submit several loan applications. You can find suitable lenders in our Pennsylvania broker directory.

Additional Local Rates Pages

See Philadelphia Mortgage Rates.