Pennsylvania Mortgage Rates - July 2024 Update

Current Rates for Pennsylvania Home Buyers

As of Tuesday, July 30, 2024, current interest rates in Pennsylvania stand at 7.00% for a 30-year fixed mortgage and 6.38% for a 15-year fixed mortgage. These rates are subject to change, so it's important to consult with a mortgage lender for the most up-to-date information.

Compare Mortgage Rates in Pennsylvania

To find the lowest mortgage rates in Pennsylvania, it's essential to compare offers from multiple lenders. Our website offers a free interactive tool that allows you to compare rates from various lenders and loan types. This tool helps you find the loan that best fits your needs and budget.

Finding the Right Mortgage for Your Situation

When selecting a mortgage, consider factors such as the loan term, interest rate, and monthly payments. A shorter loan term, such as a 15-year mortgage, typically has a lower interest rate but higher monthly payments. Conversely, a longer loan term, such as a 30-year mortgage, comes with a higher interest rate but lower monthly payments. Choose the loan option that aligns with your financial goals and long-term plans.

Pennsylvania Refinance Rates

If you're an existing homeowner in Pennsylvania, you can consider refinancing your mortgage to secure a lower interest rate. Refinancing can save you money on your monthly payments and reduce the overall cost of your home loan. View current Pennsylvania refinance rates and get custom quotes to explore your options.

Remember to factor in closing costs associated with both purchasing a home and refinancing a mortgage. These costs can include origination fees, appraisal fees, and title insurance. It's important to factor these expenses into your budget when making a financial decision.