Average Mortgage Rates in Arizona Decline This Week: 30 Year Conforming Rates at 6.96%

Are you looking to purchase a new home in Arizona? Keeping track of current mortgage rates before locking in a rate is essential to securing the best deal on your home loan. This week, average mortgage rates in Arizona have seen some slight changes compared to the previous week. While some rates have dipped slightly, others have increased slightly.

Average 30-year conforming mortgage rates are down slightly this week at 6.96%, down from the previous week's average of 7.007%. The average APR for 15-year fixed conforming mortgages in Arizona this week averaged 6.142%, a decline from last week's average rate of 6.167%.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are ICB's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #1981224

5.470%

15-Year Fixed

5.250%

$5,780

Includes 0.445 points for $1,780

Lender Fees: $4,000

$3,216 /mo

Next >

NMLS #1689962

License: 02053435

5.680%

15-Year Fixed

5.500%

$4,694

Includes 0.911 points for $3,644

Lender Fees: $1,050

$3,269 /mo

Next >

NMLS #2006915

License: 60DBO-149268

5.685%

15-Year Fixed

5.500%

$4,821

Includes 0.719 points for $2,876

Lender Fees: $1,945

$3,269 /mo

Next >

NMLS #1105497

License: 603L227

5.713%

15-Year Fixed

5.500%

$5,619

Includes 1.000 points for $4,000

Lender Fees: $1,619

$3,269 /mo

Next >

NMLS #401822

5.768%

15-Year Fixed

5.500%

$7,000

Includes 0.750 points for $3,000

Lender Fees: $4,000

$3,269 /mo

Next >

NMLS #1025894

5.781%

15-Year Fixed

5.625%

$4,056

Includes 0.839 points for $3,356

Lender Fees: $700

$3,295 /mo

Next >

NMLS #2326098

License: 60DBO-181478

5.787%

15-Year Fixed

5.625%

$4,381

Includes 0.607 points for $2,428

Lender Fees: $1,953

$3,295 /mo

Next >

NMLS #757416

5.833%

15-Year Fixed

5.750%

$2,156

Includes 0.539 points for $2,156

Lender Fees: $0

$3,322 /mo

Next >

NMLS #2059741

5.843%

15-Year Fixed

5.625%

$5,664

Includes 0.916 points for $3,664

Lender Fees: $2,000

$3,295 /mo

Next >

NMLS #1981224

6.039%

5-Year ARM

5.875%

$7,116

Includes 0.779 points for $3,116

Lender Fees: $4,000

$2,367 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.379%

5-Year ARM

6.250%

$5,673

Includes 0.930 points for $3,720

Lender Fees: $1,953

$2,463 /mo

Next >

NMLS #1981224

6.427%

30-Year Fixed

6.250%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$2,463 /mo

Next >

NMLS #2006915

License: 60DBO-149268

6.507%

5-Year ARM

6.375%

$5,537

Includes 0.898 points for $3,592

Lender Fees: $1,945

$2,496 /mo

Next >

NMLS #2561451

6.588%

30-Year Fixed

6.490%

$4,151

Includes 0.539 points for $2,156

Lender Fees: $1,995

$2,526 /mo

Next >

NMLS #2006915

License: 60DBO-149268

6.642%

30-Year Fixed

6.500%

$5,945

Includes 1.000 points for $4,000

Lender Fees: $1,945

$2,529 /mo

Next >

NMLS #757416

6.714%

30-Year Fixed

6.624%

$3,704

Includes 0.926 points for $3,704

Lender Fees: $0

$2,561 /mo

Next >

NMLS #1689962

License: 02053435

6.727%

30-Year Fixed

6.624%

$4,266

Includes 0.804 points for $3,216

Lender Fees: $1,050

$2,561 /mo

Next >

NMLS #1025894

6.732%

30-Year Fixed

6.625%

$4,440

Includes 0.935 points for $3,740

Lender Fees: $700

$2,562 /mo

Next >

NMLS #2059741

6.747%

30-Year Fixed

6.624%

$5,120

Includes 0.780 points for $3,120

Lender Fees: $2,000

$2,561 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.840%

30-Year Fixed

6.750%

$3,861

Includes 0.477 points for $1,908

Lender Fees: $1,953

$2,595 /mo

Next >

NMLS #1105497

License: 603L227

6.849%

30-Year Fixed

6.750%

$4,119

Includes 0.625 points for $2,500

Lender Fees: $1,619

$2,595 /mo

Next >

NMLS #399799

6.856%

30-Year Fixed

6.750%

$4,512

Includes 0.796 points for $3,184

Lender Fees: $1,328

$2,595 /mo

Next >

NMLS #401822

6.896%

30-Year Fixed

6.750%

$5,995

Includes 1.000 points for $4,000

Lender Fees: $1,995

$2,595 /mo

Next >

NMLS #330511

6.941%

30-Year Fixed

6.875%

$2,700

Includes 0.675 points for $2,700

Lender Fees: $0

$2,628 /mo

Next >

NMLS #3030

6.995%

15-Year Fixed

6.875%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$3,568 /mo

Next >

NMLS #3030

7.689%

30-Year Fixed

7.625%

$2,500

Includes 0.625 points for $2,500

Lender Fees: $0

$2,832 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

Average Arizona jumbo mortgage rates also declined this week over last, 30-year jumbo mortgage rates averaged 6.58%, down from the prior week's average 30-year jumbo rate of 6.618%. 15-year jumbo AZ mortgage rates averaged 6.318%, down from the previous week's average of 6.347%.

Average Arizona Mortgage Rates This Week

Interview with Realtor Bill Salvatore

High mortgage rates have been wreaking havoc on the housing market across the country, though some areas are more impacted than others. We spoke with Realtor Bill Salvatore, of Arizona Elite Properties and over a 20-year veteran in the real estate market, on how mortgage rates are affecting the housing market in his area.

Brian McKay: Bill, how are the highest mortgage rates in a decade affecting home buyers in your area?

Bill Salvatore: Buyers are pausing for better rates. We have renters ready to buy now, just waiting. They are extending their leases month to month.

Brian McKay: Are you seeing a greater percentage of cash buyers are a result?

Bill Salvatore: No, because they too watching prices.

Brian McKay: Are high mortgage rates not a concern at all for your market?

Bill Salvatore: They are a concern. our Days on Market has tripled.

Brian McKay: How are the highest mortgage rates in a decade affecting home sellers in your area?

Bill Salvatore: they are still in denial from the hot market they missed a year ago. Frustration is evident.

Brian McKay: Are the number of homes available for sale lower than historical averages for this time of year?

Bill Salvatore: Three times higher now.

Brian McKay: Do you have clients holding off on selling because they don't want to give up their current mortgage that has a low mortgage rate?

Bill Salvatore: Yes

Brian McKay: Do you have buyers looking but can't find the home they want because of supply issues?

Bill Salvatore: No there is plenty of supply right now.

If you're interested in taking out a mortgage in Arizona, it's a good idea to speak with a trusted lender or mortgage broker who can help you navigate the current market and find the best rates and terms for your unique situation. If you're in need of a Realtor in Arizona to buy or sell a home, reach out to Bill Salvatore, (602) 999-0952, he is a 20+ plus year veteran and would be glad to help.