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Mortgage rates in Philadelphia, Pennsylvania

By Mitch Strohm · Bankrate.com
Thursday, December 11, 2014
Posted: 12 pm ET


Mortgage rates in Philadelphia were mixed this week. And a new report ranked Philly as one of the most livable cities in the world.

This week's rates

The benchmark 30-year fixed-rate mortgage in Philadelphia fell to 4.15 percent from 4.16 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.19 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.03 percent.

Philly, one of the most livable cities

Philadelphia is the 20th most livable city in the world, according to a new study published in the World Review of Science, Technology and Sustainable Development.

The study ranked cities based on things like economic prowess, culture and comfort. Cities with the most work-life balance ranked closer to the top of what the authors of the study call the Global Livable Cities Index.

Geneva took the top spot on the list. But among U.S. cities, only New York and Los Angeles beat out Philadelphia.

More rates

The benchmark 15-year fixed-rate mortgage remained at 3.41 percent. The benchmark 5/1 adjustable-rate mortgage rose to 3.19 percent from 3.13 percent, while the 30-year fixed-rate jumbo, for loans of $417,000 and above, fell to 4.05 percent from 4.09 percent.

Shop mortgage rates in your area.

Weekly mortgage survey

Results from Bankrate's Dec. 10 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $417,000 in Philadelphia.
30-year fixed 15-year fixed 5-year ARM 30-year jumbo
This week's rate: 4.15% 3.41% 3.19% 4.05%
Change from last week: -0.01 N/C +0.06 -0.04
Monthly payment: $802.07 $1,172.28 $712.67 $2,002.86
Change from last week: -$0.96 N/C +$5.42 -$9.63
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