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Arizona

Current Arizona Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Arizona. Review free, personalized mortgage rates for Arizona based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Arizona. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Arizona as of December 12, 2019
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Get Personalized Mortgage Quotes for Arizona

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Arizona Mortgage Rates Compare?

December 12, 2019

The current average rate for a 30 year fixed rate mortgage in Arizona is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Arizona Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Arizona?

The median home value for Arizona is $253,426

The median household income for Arizona is $55,914

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Arizona is $47,018

The home price you can afford to buy based on household income in Arizona is 119% of the median home value which means housing prices are expensive. Arizona ranks 38 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Arizona is expensive

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Additional Mortgage Resources for Arizona Residents

Mortgage Rates for Arizona Cities

Apache Mortgage Rates

Casa Grande Mortgage Rates

Flagstaff Mortgage Rates

Lake Havasu Mortgage Rates

Navajo Mortgage Rates

Phoenix Mortgage Rates

Prescott Mortgage Rates

Sierra Vista Mortgage Rates

Tucson Mortgage Rates

Yuma Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index