Arizona Mortgage Rates Today — Compare AZ Lenders
The average 30-year fixed mortgage rate in Arizona is currently 6.53% APR. The Phoenix metro is one of the most active real estate markets in the Southwest, with 2026 conditions giving buyers improved negotiating power. Compare today’s rates from top Arizona lenders across all major loan types below.
Arizona Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $400,000 loan on a single-family primary residence in Arizona.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.53% | 6.53% | Most Popular |
| 15-Year Fixed | 5.88% | 5.88% | Pay off faster, save interest |
| 5/1 ARM | 6.65% | 6.65% | Short-term owners |
| FHA 30-Year | 6.20% | 6.20% | Low down payment |
| VA 30-Year | 6.04% | 6.04% | Veterans & military |
| 30-Year Refinance | 6.65% | 6.65% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Arizona
Arizona’s housing market is centered on the Phoenix metro, one of the largest and most active in the Western US. After significant price appreciation in 2021-2022, Arizona has moderated to more balanced conditions in 2026, giving buyers improved negotiating power.
Arizona attracts significant domestic migration from California and other high-cost states. The state’s warm climate, relatively affordable housing compared to coastal markets, and growing tech and healthcare sectors continue to drive demand.
What Affects Your Arizona Mortgage Rate?
Several key factors influence the rate a Arizona lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.