Mortgage Rates in Arizona: Today's Averages & 2026 Outlook
Arizona 30-year fixed rates are running around 6.83% — roughly 2 bps below the national average of 6.85%. Here's how AZ rates stack up, what drives the spread, and the programs that can price you lower.
Today's Arizona rates by loan type
Estimates for Arizona based on the current national 30-year average of 6.85% plus the state's typical spread (-2 bps). Live national rate sourced daily from Freddie Mac PMMS via our rate feed. Your actual quote will depend on your credit, down payment, and lender.
What drives Arizona mortgage rates
National rates set the floor — Freddie Mac's weekly PMMS average is the benchmark almost every Arizona lender starts from. But AZ typically prices about 2 basis points below that national average because of three local dynamics: the mix of loan types written in the state, lender density and competition, and how expensive the state is to close in.
Loan mix. Conventional dominant with strong FHA and VA share around Phoenix. The mix matters because FHA, VA, and USDA loans price differently than conventional — states with heavier government-loan share tend to show tighter buyer rates but higher fees.
Median loan size. The typical Arizona loan is around $380,000 on a $425,000 home. That size sits well inside conforming loan limits, so most AZ buyers get standard agency pricing.
Refi activity. Refi demand rebounds fastest when 30-yr drops under 6%.
What a typical Arizona payment looks like
| Line item | Estimate |
|---|---|
| Median home price | $425,000 |
| Median loan amount (typical LTV) | $380,000 |
| 30-yr rate (state avg) | 6.83% |
| Monthly principal & interest | $2,485 |
| Est. full PITI (add ~30% for taxes/insurance) | ~$3,231 |
Directional math for Arizona in 2026. Add property taxes, homeowners insurance, PMI (if putting less than 20% down), and any HOA dues for a full monthly cost. Our mortgage calculator lets you plug in your exact numbers.
What's unique about financing in Arizona
What most AZ borrowers use
Conventional dominant with strong FHA and VA share around Phoenix.
Below-market AZ rate options
Home Plus offers a rate-competitive 30-yr fixed with 5% DPA — statewide.
Is a refi worth it in AZ?
Refi demand rebounds fastest when 30-yr drops under 6%.
Rate + grants + closing costs
A below-market rate is only one lever. Stack it with AZ down-payment assistance and seller-paid closing costs. See AZ grants → · AZ closing costs →
Get matched with a Arizona lender — free
We'll match you with vetted AZ lenders competing for your loan. Compare real Loan Estimates side-by-side — the same Arizona buyer can save $2,000–$5,000+ over the life of the loan by shopping three quotes.
Arizona mortgage rates: FAQ
What is today's mortgage rate in Arizona?▾
The average 30-year fixed mortgage rate in Arizona is around 6.83% — roughly 2 bps below the current national average of 6.85%. 15-year fixed loans run about 6.08%, FHA around 6.58%, and VA around 6.48%. Your actual rate depends on credit score, down payment, loan type, and lender competition — always compare Loan Estimates from at least three lenders.
How do Arizona mortgage rates compare to the national average?▾
Arizona rates typically sit slightly below (about 2 bps lower than) the US 30-year average. The spread reflects local lender competition, loan mix (conventional dominant with strong fha and va share around phoenix.), and state-level closing-cost dynamics.
What monthly payment can I expect on a Arizona home?▾
On the median Arizona loan of $380,000 at 6.83% for 30 years, principal and interest run about $2,485/month — before property taxes, homeowners insurance, and (if applicable) PMI or HOA dues. Add roughly 25–35% to that P&I number to estimate a full PITI payment.
Are there special first-time homebuyer rate programs in Arizona?▾
Yes. Home Plus offers a rate-competitive 30-yr fixed with 5% DPA — statewide. These state-agency programs typically pair a below-market rate with down payment assistance — worth comparing against a standard conventional loan before locking.
Should I refinance my Arizona mortgage right now?▾
Refi demand rebounds fastest when 30-yr drops under 6%. The break-even math: divide your total refi closing costs by your monthly payment savings — if you'll stay in the home longer than the payback period, refinancing pays off. Our free Refi Optimizer runs the numbers for you.