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Arizona

Current Arizona Mortgage Rates

Compare Arizona mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Arizona.

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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Arizona Mortgage Rates as of January 22, 2022
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
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How Do Today's Arizona Mortgage Rates Compare?

January 22, 2022

Current mortgage rates in Arizona are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Arizona Rates
National
Average
Comparison
30 Year Fixed Rate
%
3.450%
15 Year Fixed Rate
%
2.620%
5/1 Adjustable Rate Mortgage
%
2.570%

How Affordable is Housing in Arizona?

Below we offer valuable insights on the housing market and real estate prices in Arizona. Understand how much you need to make to buy a house in Arizona, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Arizona is affordable for you. We provide this helpful information to help you decide if living in Arizona is right for you.

The median home value for Arizona is $359,278

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Arizona is $58,866

With this income, you could qualify for a $323,350 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Arizona is $1,363

The median household income for Arizona is $67,925

Based on this income, you can afford a home valued at approximately $414,568

The home price you can afford to buy based on household income in Arizona is 115% of the median home value which means housing prices are expensive. Arizona ranks 40 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

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