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Prescott

Current Mortgage Rates in Prescott, Arizona

Compare mortgage rates and fees for leading lenders in Prescott, AZ. 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 lender offering the best mortgage rates in Prescott.

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

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Mortgage Rates in Prescott, AZ as of November 11, 2019
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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 Prescott, AZ Mortgage Rates Compare?

November 11, 2019

The current average rate for a 30 year fixed rate mortgage in Prescott 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
Prescott, AZ 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 Prescott, Arizona?

The median home value for Prescott, AZ (Yavapai County) is $296,382

The median household income for Prescott, AZ (Yavapai County) is $49,734

Based on current mortgage rates and a 10% down payment, you need to make $54,988 per year to buy the median priced home in Prescott

The home price you can afford to buy based on household income in Prescott is 90% of the median home value which means housing prices are expensive

Prescott (Yavapai County) ranks 15 out of 15 counties in Arizona and 3,045 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Prescott, AZ is expensive

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Loan Limits for Prescott, Arizona

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Prescott (Yavapai County) below.

Conforming loan limits for Prescott, AZ

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Prescott, AZ

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Prescott, AZ

1 unit: $484,350

Additional Mortgage Resources for Prescott, AZ Residents

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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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index