Current Utah Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Utah. Review free, personalized mortgage rates for Utah 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 Utah. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates for Utah as of September 18, 2020
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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.


How Do Today's Utah Mortgage Rates Compare?

September 18, 2020

The current average rate for a 30 year fixed rate mortgage in Utah 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
Utah Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

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 $342,767

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Utah is $61,689

With this income, you could qualify for a $308,490 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 $1,429

The median household income for Utah is $69,521

Based on this income, you can afford a home valued at approximately $386,281

The home price you can afford to buy based on household income in Utah is 113% 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


Additional Mortgage Resources for Utah Residents

Mortgage Rates for Utah Cities

Clearfield Mortgage Rates

Logan Mortgage Rates

Ogden Mortgage Rates

Provo Mortgage Rates

Salt Lake City Mortgage Rates

St. George Mortgage Rates

Tooele Mortgage Rates