By the Wirly Editorial Team | AI-assisted, human-reviewed
Mortgage Refinancing in Pennsylvania
Real refinance data for Pennsylvania from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
32,037
2024 HMDA data
Avg Loan Amount
$252,848
National: $428,119
Denial Rate
25.93%
▼ Above national avg
Median Home Value
$240,500
U.S. Census Bureau
Source: HMDA 2024 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in Pennsylvania
Originations by Year
Refinance originations in Pennsylvania by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in Pennsylvania
Source: FHFA House Price Index
Top Lenders in Pennsylvania
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | Citizens Bank National Association | 31,754 | - |
| 2 | Rocket Mortgage LLC | 24,818 | - |
| 3 | Pnc Bank National Association | 23,380 | - |
| 4 | Citizens Bank National Association | 21,779 | - |
| 5 | Rocket Mortgage LLC | 19,282 | - |
| 6 | Wells Fargo Bank National Association | 19,040 | - |
| 7 | Citizens Bank National Association | 16,959 | - |
| 8 | Pnc Bank National Association | 16,922 | - |
| 9 | Pnc Bank National Association | 16,130 | - |
| 10 | Rocket Mortgage LLC | 15,766 | - |
Ranked by total HMDA filings in the state (2024). Source: HMDA via CFPB.
Compare all lenders →How Pennsylvania Compares
| Metric | Pennsylvania | National Avg |
|---|---|---|
| Refinance Originations | 32,037 | 697,820 |
| Avg Loan Amount | $252,848 | $428,119 |
| Denial Rate | 25.93% | 24.2% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2024, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.51%
▲ 6.36% prev
15-Year Fixed
5.85%
▲ 5.71% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in Pennsylvania in 2024?
In 2024, there were 32,037 refinance originations in Pennsylvania, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in Pennsylvania?
The average refinance loan amount in Pennsylvania was $252,848 in 2024. This reflects originated loans reported through HMDA.
What is the refinance denial rate in Pennsylvania?
The refinance denial rate in Pennsylvania was 25.93% in 2024. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in Pennsylvania?
The most active lenders in Pennsylvania by HMDA filing volume include Citizens Bank National Association, Rocket Mortgage LLC, Pnc Bank National Association. See the full list above for details.
Is it a good time to refinance in Pennsylvania?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in Pennsylvania, including tips, regulations, and state programs.
Read the Pennsylvania Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.