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Pittsburgh, PA Mortgage Rates Today

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Current Mortgage Rates in Pittsburgh, PA

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Pittsburgh housing market at a glance

September 2026 data

In Pittsburgh, homes are selling in about 47 days (8 slower than a year ago), sales are up 10.6% from last year, and about 25% of listings have had a price cut.

Median sale price
$250,000
$179 per sq. ft.
Homes sold
3,348
▲ 10.6% vs. 3,027 last year
Days on market
47
vs. 39 days last year
Homes for sale
3,524
243 new listings
Listings with a price cut
25%
865 of 3,524 listings

Source: Movoto Pittsburgh, PA market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Pittsburgh

Monthly payments on Pittsburgh's median home price of $250,000 (September 2026), at today's rates.

20% down · Conventional
$1,838/mo
Down payment
$50,000
Loan amount
$200,000
Rate
7.125%
Principal & interest
$1,347
Est. property tax
$342
Est. homeowners insurance
$149
5% down · Conventional
$2,090/mo
Down payment
$12,500
Loan amount
$237,500
Rate
7.125%
Principal & interest
$1,600
Est. property tax
$342
Est. homeowners insurance
$149
3.5% down · FHA
$2,103/mo
Down payment
$8,750
Loan amount
$245,472
Rate
6.875%
Principal & interest
$1,613
Est. property tax
$342
Est. homeowners insurance
$149

Payments include principal, interest, estimated Pittsburgh property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Pittsburgh?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Pittsburgh property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Pittsburgh's $250,000 median home:

20% down · Conventional$1,838/mo payment $78,756/yrabout $6,563/mo before taxes
5% down · Conventional$2,090/mo payment $89,583/yrabout $7,465/mo before taxes
3.5% down · FHA$2,103/mo payment $90,119/yrabout $7,510/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $200,000 loan (the Pittsburgh median price with 20% down). Every 0.25% is worth about $34/mo.

Rate6.13%6.38%6.63%6.88%7.13%
today		7.38%
Monthly P&I$1,215$1,248$1,281$1,314$1,347$1,381

Ways to make a Pittsburgh home more affordable

  • Negotiate on price. About 25% of Pittsburgh listings have had a price cut, so many sellers are open to offers.
  • Ask for seller concessions. Homes take 47 days to sell, 8 more than last year. Sellers may cover closing costs or pay for a rate buydown.
  • Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $67 a month.
  • Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Pittsburgh mortgage and home buying FAQs

What are mortgage rates in Pittsburgh today?

As of October 13, 2026, Lower’s 30-year fixed conventional rate in Pittsburgh is 7.125% (7.408% APR), and the 30-year FHA rate is 6.875% (7.685% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Pittsburgh?

On Pittsburgh’s $250,000 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $1,838 a month, including principal, interest, estimated Pittsburgh property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $2,103 a month before monthly mortgage insurance.

How much income do I need to buy a house in Pittsburgh?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $78,756 a year to buy Pittsburgh’s $250,000 median home with 20% down, or about $90,119 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Pittsburgh?

On the $250,000 median home, 20% down is $50,000, 5% down is $12,500, and the FHA minimum of 3.5% is $8,750. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Pittsburgh right now?

In September 2026, Pittsburgh homes sold in about 47 days, 8 days slower than a year earlier. 3348 homes sold, up from 3027 the year before, and about 25% of the 3524 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Pittsburgh?

On a $200,000 loan (the median Pittsburgh home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $34 a month, or about $403 a year.

How much are property taxes in Pittsburgh?

Lower estimates Pittsburgh property taxes at about 1.64% of a home’s value per year. On the $250,000 median home, that’s roughly $4,100 a year, or $342 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Pittsburgh from The Zebra; your quote will vary. Rates as of October 13, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

Find Out Why Pittsburgh Loves Lower

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5.0

Everything made it grate from the friendly service to the above and beyond hights the team went tru to get the deal done for us as quickly as possible cimplements to kristin for an unforgetable experience

James W.

Verified Customer

September 3, 2026

5.0

buying for the first time, we had a ton of questions, Kristen was available constantly, answering our questions fully and ensuring we were getting the best deal possible. She was professional, friendly, encouraging. It …was an absolute pleasure working with her!

Connor M.

Verified Customer

August 13, 2026

5.0

Kristen and her colleagues made the first time home buying experience as easy as possible. They worked tirelessly to ensure we had the most up to date information available to ensure the best rates and made the smartest financial decisions both… for now and our future. They truly made the home buying process easy, and we wouldn’t be in our home without them!

Connor N.

Verified Customer

August 14, 2026

5.0

Kristen was very communicative and easy to talk to. She explained everything and answered all of our questions. In person she was absolutely amazing. Very personable and polite. I had a wonderful experience overall.

Melissa B.

Verified Customer

September 24, 2026

5.0

She was there for all our questions and conserns,very polite,explain what is for our best interest, hellp us to make right decision We were happy to work with her

Armand G.

Verified Customer

September 20, 2026

5.0

Jack did an excellent job delivering on our expedited timeline. He communicated in a timely manner and was always easy to reach when we had questions or needed to inquire about timelines. We sometimes had to communicate at some crazy hours, a…nd he was always available. The fees were reasonable, and he even recommended a rate buydown to help our mortgage payment out down the line.

Jmarxster N.

Verified Customer

April 24, 2026

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