Mortgage rates for Philadelphia, Pennsylvania
go down to 3.63%
Friday, February 27, 2015
Mortgage rates for Philadelphia, Pennsylvania on Lender411 for 30-year fixed-rate mortgages are at 3.63%.
That dropped from 3.67% to 3.63%.
The 15-year fixed rates are now at 2.88%. The 5/1 ARM mortgage for Philadelphia, Pennsylvania is now at 2.71%.
Philadelphia Market Trends
Philadelphia is a large and historically important city in southeastern Pennsylvania. It is the largest city in the state, and the sixth largest city in the United States. It is home to the Liberty Bell and was the first U.S. capital. It is nicknamed the 'City of Brotherly Love' as well as 'Philly' informally by residents.
For quarter ending December 13:
The average price/sqft was $139, a decrease of 0.7% compared to last year. The median sales price for homes for September 13 to December 13 was $134,999 based on 1,850 home sales. Compared to one year ago, the median home sales price decreased 2.9%, or $4,001, and the number of home sales decreased 18.9%.
Popular communities in Philadelphia include Fairmount/Art Museum and Bella Vista/ Southwark, with average home listing prices of $338,097 and $349,418.
Lender411.com will help you find the best mortgage interest rates by putting you in touch with a qualified Philadelphia mortgage lender who can find you the right loan.