Today’s Refinance Rates in Pennsylvania

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Edited byKatherine Kurtz

Updated: January 18, 2024

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Current Refinance Rates in Pennsylvania

MoneyGeek gathered refinance rates in Pennsylvania to help you select the loan option that best meets your needs. The most recent average rates for various mortgage types and periods in Pennsylvania are shown in the table below.


Mortgage Refinance Rates From Top Lenders


What Is a Good Refinance Rate in Pennsylvania?

Depending on their particular loan terms, credit score and other factors, each homeowner will have a different “good” refinance rate. By comparing rates from different mortgage providers, you can find the best deal for your needs.

The current average rates in Pennsylvania are 4.43% for a 15-year fixed-rate mortgage (FRM), 5.14% for a 30-year FRM and 4.02% for a 5/1 adjustable-rate mortgage (ARM).

According to the Federal Reserve Bank of St. Louis, the national average mortgage rates for the same loan types mentioned are 4.92%, 5.81% and 4.41%, respectively. As a result, Pennsylvania's average mortgage interest rates are currently lower than the national average rates.

Keep in mind that mortgage refinance rates might change on a regular basis. For example, your actual refinance rate in Pennsylvania will likely differ from the estimate you receive today once you move forward with refinancing.

Estimate Your New Monthly Mortgage Payment

Mortgage rates can change daily and vary based on unique homeowner factors like credit scores and debt-to-income ratios. MoneyGeek’s mortgage calculator can help you determine the monthly payment you will need to finance your home. Use the rates above to estimate your payments.


Frequently Asked Questions About Refinance Rates in Pennsylvania

MoneyGeek provides additional information about mortgage refinance rates in Pennsylvania by answering frequently asked questions below.

The average rates and your profile determine a good refinance rate in Pennsylvania. Also, make sure your refinance rate is better than your current rate.

A bad refinance rate in Pennsylvania is anything higher than your current mortgage rate. If you aren’t saving money, refinancing isn’t worth it.

The 30-year fixed-rate mortgage average rate in Pennsylvania is 5.14%. Depending on your profile, an interest rate in this range is great.

In Pennsylvania, the average 15-year fixed-rate mortgage is 4.43%. It is a good deal if you can find an even lower rate.

A 5/1 ARM in Pennsylvania has an average interest rate of 4.02%. It’s a good deal if your rate is less than this.

  • Federal Reserve Bank of St. Louis. "Mortgage Rates." Accessed July 14, 2022.