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Utah

Current Utah Mortgage Rates

Compare Utah 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 Utah.

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

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Utah Mortgage Rates as of January 19, 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 Utah Mortgage Rates Compare?

January 19, 2022

Current mortgage rates in Utah 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
Utah 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 Utah?

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

The median home value for Utah is $459,762

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Utah is $75,330

With this income, you could qualify for a $413,786 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 Utah is $1,745

The median household income for Utah is $82,743

Based on this income, you can afford a home valued at approximately $505,004

The home price you can afford to buy based on household income in Utah is 110% of the median home value which means housing prices are very expensive. Utah ranks 42 out of 50 states for housing affordability.

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

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Additional Mortgage Resources for Utah Residents

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