Pennsylvania Mortgage Rates as of 02/02/2009

Loan Type           Today
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30 Year Fixed       5.09%
15 Year Fixed       4.67%
5/1 ARM              5.42%
30 Year Jumbo     6.79%
5/1 ARM Jumbo    5.65%

These rates aren’t quite as low as they were a few years ago, but I really think they’ll be heading down slightly more.

If you’re in an ARM and you expect to be paying more in the future, it’s well worth re-financing to a fixed mortgage loan.  You’ll have some upfront costs, but they usually roll them into the loan so there’s no out of pocket fees.