Pennsylvania Mortgage Rates

According to Zillow, here's a summary of the current mortgage rates in Pennsylvania as of March 19, 2025:

• 30-Year Fixed Mortgage Rate: Increased by 8 basis points to 6.68%, which is 10 basis points higher than the national average of 6.58%. This represents a 26 basis point increase from last week's average of 6.42% in Pennsylvania.

• 15-Year Fixed Mortgage Rate: Rose by 9 basis points from 5.97% to 6.06%.

• 5-Year Adjustable-Rate Mortgage (ARM): Increased by 17 basis points from 6.58% to 6.75%.

  
  

These changes reflect recent volatility in mortgage rates, influenced by economic factors such as inflation and recession concerns.

Mortgage options in Pennsylvania

To ensure success in your home search, consider getting pre-qualified by a licensed lender in Pennsylvania. This will help you understand how much you can afford. It's also beneficial to monitor Pennsylvania mortgage rates daily to secure the best possible rate.

If you're considering refinancing an existing mortgage, obtaining customized rates tailored to your situation is advisable. Refinance rates may be slightly higher than purchase rates. Additionally, many lenders require a property appraisal to verify its value and equity, which can fluctuate based on local market conditions. For more detailed information on local mortgage requirements, consult with a Pennsylvania lender.

Source: zillow.com