Mortgage rates in Pennsylvania
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Pennsylvania offers affordable metros in both Pittsburgh and Philadelphia’s suburbs. Below is what buying at Pennsylvania's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Pennsylvania
The interest rate on a Pennsylvania mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Pennsylvania's median $325,000 home with 20% down, the loan works out to $260,000, or about $1,642 a month in principal and interest.
What makes Pennsylvania different is the cost around the loan. Its 1.46% effective property-tax rate adds roughly $395 a month, and homeowners insurance about $122 more — bringing the all-in estimate to $2,159. Those local costs, not the interest rate, are what set Pennsylvania apart. Your own price and down payment will move the number — work backward from your income with the affordability estimator.
Getting approved in Pennsylvania
Federal HMDA lending records show Pennsylvania lenders originated 272,809 home loans in 2025 and denied 81,828 applications — an approval rate near 76.9% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our mortgage approval report, and how Pennsylvania ranks for lender complaints (15,752 on record).
Shopping for a loan? See the most active mortgage lenders in Pennsylvania, ranked by federal HMDA volume.
Down-payment help in Pennsylvania
You rarely need 20% down. PHFA — Pennsylvania's housing finance agency — runs the state's main assistance program: The Keystone Advantage program lends up to $6,000 for down payment and closing. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at PHFA, see how a smaller down payment changes your number with the down-payment estimator, or compare assistance in every state.
Pennsylvania mortgage FAQ
What is the current mortgage rate in Pennsylvania?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Pennsylvania loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Pennsylvania's ~1.46% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Pennsylvania home?
On Pennsylvania's median home price of about $325,000 with 20% down at today's 6.49% average 30-year rate, expect roughly $2,159/month — that's $1,642 principal and interest plus about $395 property tax and $122 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Pennsylvania?
In 2025, Pennsylvania lenders originated 272,809 home loans and denied 81,828 applications — an approval rate of about 76.9% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.