Current rates for 30-year fixed, 15-year fixed, FHA, VA, USDA, and Jumbo loans in Arizona. Rates updated daily.
Get My Personalized Rate Call 480-330-1724Rates shown are market averages from major lenders. Your actual rate depends on credit score, down payment, loan amount, and property type. Get your personalized rate →
⚠️ Rates above are market averages for illustrative purposes as of June 26, 2026. Actual rates vary by lender, credit score, loan-to-value ratio, and loan type. Not a commitment to lend. Contact Todd Uzzell NMLS #1525192 at 480-330-1724 for your personalized rate quote.
How different loan programs compare — and which might be right for your situation.
| Loan Type | Est. Rate (June 2026) | Min. Down Payment | Min. Credit Score | Best For |
|---|---|---|---|---|
| Conventional 30-yr | 6.49%–6.95% | 3%–5% | 620 | Most buyers with good credit |
| Conventional 15-yr | 5.88%–6.00% | 3%–5% | 620 | Buyers who can afford higher payments |
| FHA 30-yr | ~6.85% APR | 3.5% | 580 (500 with 10% down) | First-time buyers, lower credit scores |
| VA 30-yr | ~6.40% APR | 0% | No minimum (lender guidelines vary) | Veterans, active duty, surviving spouses |
| USDA 30-yr | ~6.50% | 0% | 640 | Rural/suburban eligible areas |
| Jumbo 30-yr | ~6.75%+ | 10%–20% | 700+ | Loans above $832,750 |
| 7-Year ARM | ~6.50% | 5% | 620 | Buyers planning to sell or refi in 7 yrs |
Rates shown above are market averages. Your personal rate depends on several factors — many of which you can control.
A 760+ credit score can get you the best available rate. A 640 score could mean 0.75%–1.5% higher — that's $150–$300/month more on a $400K loan. Improving your score before applying is the single biggest thing you control.
Putting 20% down eliminates PMI and typically lowers your rate by 0.25%–0.5%. Anything below 20% on a conventional loan requires private mortgage insurance, adding $100–$200/month to your payment.
VA loans typically offer the lowest rates — often 0.25%–0.5% below conventional. FHA loans offer flexible credit requirements. Jumbo loans carry slightly higher rates due to larger loan amounts.
A 15-year mortgage will have a lower interest rate than a 30-year mortgage — but higher monthly payments. A 30-year offers lower payments but more interest paid over time.
Arizona mortgage rates track the 10-year Treasury bond yield and Federal Reserve policy. Economists expect rates to potentially ease toward 6.0%–6.5% by late 2026 if inflation continues cooling.
Single-family homes get the best rates. Condos, investment properties, and manufactured homes typically carry higher rates — sometimes 0.5%–1% more than a primary residence SFR.
Understanding the broader market helps you time your purchase or refinance decision.
$423,000
Statewide median (June 2026 est.). Monthly payment at 20% down and 6.63% rate: approximately $2,241/month.
Rates have fallen from their post-pandemic peak. The 30-yr fixed is currently 0.76% lower than one year ago. Economists project modest further declines toward 6.0%–6.5% by late 2026 if inflation continues cooling.
Inventory is up across the Phoenix metro compared to 2023–2024. More homes on the market means less competition and more negotiating power for buyers — a meaningful shift from the frenzied conditions of recent years.
Real answers to the questions Arizona homebuyers ask most.
As of June 26, 2026, Arizona 30-year fixed mortgage rates range from approximately 6.49% to 6.63% depending on the lender and your qualifications. Bankrate reports a 6.63% average; Zillow reports 6.49%. Your actual rate will depend on your credit score, down payment, loan amount, and the lender you choose. Call 480-330-1724 for a personalized quote from Todd Uzzell NMLS #1525192.
Arizona mortgage rates typically track very closely to national averages. As of June 2026, the national 30-year fixed average is approximately 6.63% — identical to Arizona's current average. Competition among Phoenix metro lenders sometimes creates slightly more favorable rates for well-qualified borrowers.
Economists expect Arizona mortgage rates to potentially ease toward 6.0%–6.5% by late 2026 if inflation continues cooling. However, rate predictions are never guaranteed. If you've found a home and your rate is acceptable, locking now protects you from potential increases. If you're still searching, a 60–90 day rate lock gives you flexibility. Ask Todd Uzzell about float-down options that protect you if rates drop after locking.
To qualify for the most competitive rates, aim for a credit score of 740 or above. A 760+ score typically unlocks the best available pricing. Scores between 620–739 can still qualify for most loan programs but at higher rates. FHA loans are available with scores as low as 580. A 40-point credit score improvement can save you $150–$250/month on a $400,000 loan.
On a $400,000 loan, each 1% change in rate equals approximately $225–$250/month in payment difference on a 30-year mortgage. At 6.5%, your payment is approximately $2,528/month (principal + interest). At 7.5%, it rises to approximately $2,797/month. Over 30 years, that 1% difference amounts to roughly $97,000 in total interest.
The interest rate is the base cost of borrowing. The APR (Annual Percentage Rate) includes the interest rate plus lender fees, points, and other costs — giving you a more complete picture of the loan's true cost. When comparing lenders, always compare APRs for an apples-to-apples comparison. Todd Uzzell provides transparent rate and fee disclosure upfront — no surprises at closing.
Each loan type has its own rate structure — find the program that fits your situation.