Current Arizona Mortgage Rates
Average market rates for October 11, 2026 in Arizona are 7.46% for 30-year fixed purchase and 7.51% for 30-year fixed refinance
| Product | Rate | APR |
|---|---|---|
| 30-year Fixed Purchase | 7.46% | 7.51% |
| 30-year Fixed Refinance | 7.51% | 7.55% |
Mortgage Rate Trends in Arizona
| Product | Rate | APR |
|---|---|---|
| 30-year Fixed Purchase | 7.46% | 7.51% |
| 30-year Fixed Refinance | 7.51% | 7.55% |
Arizona Purchase Rates
| Product | Rate | APR |
|---|---|---|
| 15-year Fixed Purchase | 6.64% | 6.72% |
| 15-year Fixed Jumbo Purchase | 6.63% | 6.67% |
| 30-year Fixed Purchase | 7.46% | 7.51% |
| 30-year Fixed Jumbo Purchase | 7.64% | 7.67% |
Arizona Refinance Rates
| Product | Rate | APR |
|---|---|---|
| 15-year Fixed Refinance | 6.63% | 6.69% |
| 15-year Fixed Jumbo Refinance | 6.66% | 6.69% |
| 30-year Fixed Refinance | 7.51% | 7.55% |
| 30-year Fixed Jumbo Refinance | 7.69% | 7.71% |
Arizona ARM Rates
| Product | Rate | APR |
|---|---|---|
| 5/6 Arm (purchase) | 7.04% | 7.11% |
| 5/6 Arm (refinance) | 7.17% | 7.23% |
| 5/6 Jumbo Arm (purchase) | 6.63% | 6.64% |
| 5/6 Jumbo Arm (refinance) | 6.63% | 6.64% |
How we source rates and rate trends
Arizona Mortgage Rates Compared to the National Average
According to federal data, the median mortgage and refinance rate in Arizona has historically tracked below the national average — meaning residents of the Grand Canyon State tend to have access to more competitive rates than most Americans, which can only help homebuyers and those looking to refinance.
Why might that be? Four factors often explain why a state’s rates run higher or lower than the national average:
- Average credit scores — Arizona’s average credit score is competitive, though close to the national average. Generally, the higher your credit score, the lower your mortgage rate, all else being equal.
- Mortgage regulation — States with lighter regulatory burdens on lenders tend to have lower compliance costs, which can translate into better rates or lower closing costs for borrowers. Arizona’s framework doesn’t appear unusually lax or unusually strict.
- Lender competition — In states with strong lender competition, rates tend to stay lower. This could reflect a long history of competitive pricing or simply a large number of lenders chasing business.
- Borrowers’ willingness to shop around — A surprising number of homebuyers and refinancers get a quote from only one lender. In states where more residents comparison shop, average rates tend to be lower. Shopping around can save you tens of thousands of dollars over the life of a 30-year mortgage.
Given that Arizona’s credit scores and regulatory environment are close to average, lender competition and comparison shopping likely play the biggest role in keeping rates competitive.
Note that mortgage rates fluctuate constantly, so there may be periods when Arizona’s rates are less competitive than usual.
Most Common Mortgage Types in Arizona
- Conventional: 83,073 loans
- FHA: 15,543 loans
- VA: 11,206 loans
- USDA: 615 loans
Arizona’s Real Estate Market
Home prices in the Grand Canyon State run slightly above the national average — not surprising given the state’s year-round sunshine, outdoor lifestyle, and growing job market.
Recent data from Redfin and the Federal Reserve Bank of St. Louis show Arizona’s median home sale price modestly outpacing the national median, though the gap has narrowed as price appreciation has slowed.
For first-time buyers, that moderation in price growth is welcome news. Inventory has been improving as well, with more homes available and properties taking longer to sell — giving buyers more options and more negotiating room than in recent years.
For existing homeowners looking to refinance, any appreciation in home value works in your favor — more equity means more options, whether you’re looking to lower your rate, shorten your term, or tap cash for home improvements.
Top Purchase Lenders in Arizona by Volume
- Fairway Independent Mortgage Corporation: 7,776 loans
- Nova Financial & Investment Corporation: 5,166 loans
- Rocket Mortgage, LLC: 4,325 loans
- Loandepot.com, LLC: 3,716 loans
- Desert Financial Credit Union: 2,805 loans
- V.i.p. Mortgage, Inc.: 2,701 loans
- Guild Mortgage Company LLC: 2,369 loans
- Crosscountry Mortgage, LLC: 2,326 loans
- DHI Mortgage Company, Ltd.: 2,201 loans
- Lennar Mortgage, LLC: 1,869 loans
How to Find the Best Lender in Arizona
- Get to know the main loan types so you can choose the right one for your situation: conventional, FHA, VA, and USDA loans each have different eligibility requirements and benefits.
- Explore different types of lenders — credit unions, banks, mortgage brokers, and online lenders — to get a full picture of what’s available.
- Check online reviews and ask your network for recommendations to identify lenders with strong customer service and competitive pricing.
- Get quotes from at least three or four lenders — and more if you’re not fully satisfied with what you’ve seen.
- Don’t evaluate on rate alone. Compare fees, closing costs, and loan terms using standardized Loan Estimates so you’re comparing apples to apples.
Comparison shopping is one of the most impactful things you can do. The Consumer Financial Protection Bureau (CFPB) estimates that borrowers could save $100 a month or more simply by choosing the most competitive rate available to them.
Top Refinance Lenders in Arizona by Volume
- Rocket Mortgage, LLC: 1,262 loans
- American Advisors Group: 927 loans
- U.S. Bank: 625 loans
- Wells Fargo Bank: 576 loans
- Finance Of America Reverse LLC: 566 loans
- JPMorgan Chase Bank: 554 loans
- Nova Financial & Investment Corporation: 524 loans
- Bank Of America: 497 loans
- Freedom Mortgage Corporation: 489 loans
- Pennymac Loan Services, LLC: 487 loans
Top Cash-Out Refinance Lenders in Arizona by Volume
- Rocket Mortgage, LLC: 9,524 loans
- Loandepot.com, LLC: 2,694 loans
- Freedom Mortgage Corporation: 1,965 loans
- Nova Financial & Investment Corporation: 1,917 loans
- Nationstar Mortgage LLC: 1,776 loans
- Pennymac Loan Services, LLC: 1,588 loans
- Fairway Independent Mortgage Corporation: 1,528 loans
- Wells Fargo Bank: 1,388 loans
- JPMorgan Chase Bank: 1,299 loans
- Flagstar Bank, Fsb: 1,140 loans
First-Time Home Buyer Programs in Arizona
The Arizona state government operates several down payment and closing cost assistance programs in partnership with private-sector lenders.
One statewide program for first-time buyers is Arizona is Home:
- To qualify, you must not have owned a property in the last three years
- Funds can be used for a down payment, closing costs, and interest rate buydown
- Eligible buyers with incomes between 81%–120% of the area median income (AMI) can receive up to $20,000; those at 80% or below AMI may qualify for up to $30,000. Check the AMI for your target area using this lookup tool
- Applicants must meet one-on-one with a HUD-certified Homeownership Advisor and complete an 8-hour homebuyer education course
Another option is HOME Plus, described as the only statewide, state-run down payment assistance program in Arizona.
State-backed programs aren’t your only option — cities, counties, and nonprofits often offer additional assistance that may be a better fit. Search for your city or county name plus “down payment assistance” to see what’s available locally.
Whether you’re buying your first home or looking to refinance an existing mortgage, Refi.com is here to help you find the right loan for your situation. Start your application today and see what Arizona rates are available to you.
