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Pennsylvania Fixed Mortgage Rates

img Pennsylvania Average img National High img National Low img
Loan Type Base Rate APY Points Base Rate APY Points Base Rate APY Points
5.125 5.250 0.750 6.500 6.375 0.125 3.875 4.125 2.125
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4.375 4.500 0.000 6.625 6.500 0.000 3.750 4.000 2.125
4.625 4.750 0.500 6.125 6.125 0.125 3.375 3.750 2.125
4.000 4.000 0.000 6.000 6.125 0.000 3.250 3.750 2.000

Pennsylvania Adjustable Mortgage Rates

img Pennsylvania Average img National High img National Low img
Loan Type Base Rate APY Points Base Rate APY Points Base Rate APY Points
4.625 4.139 N/A 4.750 4.177 0.000 3.625 3.733 3.250
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3.875 3.500 0.375 7.000 4.875 0.000 2.750 0.750 3.101
3.500 3.375 0.125 6.500 4.500 0.000 2.375 3.125 2.375
3.000 3.250 0.000 6.125 4.125 0.125 2.500 3.250 1.125
2.375 3.000 0.125 8.000 3.625 2.000 2.375 3.000 0.125
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Mortgage Rates at 4.25%*

  • $150,000 loan for under $867/month
  • $225,000 loan for under $1,301/month
  • $350,000 loan for under $2,023/month
 

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National vs Pennsylvania 10/1 ARM Mortgage Monthly Payments

Loan Amount img Pennsylvania Average img National High img National Low img  
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$771.21                      $782.47                      $684.08                     
$874.04                      $886.80                      $775.29                     
$2,107.97                      $2,138.75                      $1,869.81                     

National vs Pennsylvania 30-yr. fixed Mortgage Monthly Payments

Loan Amount img Pennsylvania Average img National High img National Low img  
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$748.93                      $960.47                      $694.67                     
$848.78                      $1,088.53                      $787.30                     
$2,047.07                      $2,625.27                      $1,898.77                     

National vs Pennsylvania 15-yr. fixed Mortgage Monthly Payments

Loan Amount img Pennsylvania Average img National High img National Low img  
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$1,109.53                      $1,265.79                      $1,054.00                     
$1,257.47                      $1,434.56                      $1,194.54                     
$3,032.72                      $3,459.81                      $2,880.94                     

National vs Pennsylvania 5/1 ARM Mortgage Monthly Payments

Loan Amount img Pennsylvania Average img National High img National Low img  
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$673.57                      $948.10                      $582.98                     
$763.38                      $1,074.52                      $660.71                     
$1,841.08                      $2,591.48                      $1,593.48                     

National vs Pennsylvania 3/1 ARM Mortgage Monthly Payments

Loan Amount img Pennsylvania Average img National High img National Low img  
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$632.41                      $911.42                      $592.68                     
$716.73                      $1,032.94                      $671.71                     
$1,728.58                      $2,491.20                      $1,620.00                     

National vs Pennsylvania 1-yr. ARM Mortgage Monthly Payments

Loan Amount img Pennsylvania Average img National High img National Low img  
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$582.98                      $1,100.65                      $582.98                     
$660.71                      $1,247.40                      $660.71                     
$1,593.48                      $3,008.43                      $1,593.48                     
Source: Pennsylvania Office of Financial Education - Mar 31, 2009

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Average Rates

15-yr fixed*

4.0%

30-yr fixed*

4.375%

Refinancing is when you take out one mortgage to pay off another mortgage. Usually, you refinance when interest rates are lower so you save money on your monthly payments. A cash-out refinance allows you to borrow more money than you need to pay off your home and pocket the difference—although you still pay that money back with your loan payments.

When you obtain a home equity loan or line of credit, you are taking out a loan in addition to your mortgage.

The rule of thumb has been that the new mortgage interest rate should be at least 1% or 2% below your current mortgage interest rate to be worth the out-of-pocket costs of refinancing. However, no-cost and low-cost refinancing programs can reduce or get rid of the out-of-pocket expenses. Some of these roll closing costs into the new loan, so be sure to take the time to calculate all the costs and figure out what—if anything—you would really save before you make a decision.

In any case, most experts agree that if you're not planning to stay in your home for at least a few more years after refinancing, you probably won't reap any benefits.

Home Repairs: Pennsylvania

The programs and resources listed below help homeowners with home repairs and improvements.

  • Pennsylvania Accessible Housing Program - Pennsylvania supports programs throughout the state to help people with disabilities make their homes more accessible.
  • On-Lot Sewage System Loans - This program provides up to $25,000 for 20-year, very low interest rate loans to homeowners for the repair or upgrade of malfunctioning on-lot sewage systems.
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*Mortgage Rate of 4.25% is for qualified borrowers for a 10-year fixed rate mortgage to refinance an owner-occupied, one-unit, single family dwelling for a loan of $165,000 to $417,000 ($165,000 to $625,500 in Alaska and Hawaii). If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not available for all credit types. Not all service providers in our network offer this or other products with fixed rate options.

**This advertised rate is for qualified borrowers for to refinance an owner-occupied, one-unit, single family dwelling for a loan of $150,000, $225,000 or $350,000 with a interest only monthly payment of $867, $1301 or $2023. This is an interest only adjustable rate that is fixed for the first 12 months then is subject to increase no more than 1% every 6 months thereafter (until rate has caught up to fully indexed rate). To be eligible for this program borrower must meet applicable credit requirements, including a FICO score of at least 620. MortgageDebt.com is not acting as a lender or broker. The information provided by you to MortgageDebt.com is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender. If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not available for all credit types.

Last Updated: September 07, 2010