Mortgage rates in Arizona
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Phoenix-area price growth has made Arizona one of the faster-moving Sun Belt markets. Below is what buying at Arizona's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Arizona
The interest rate on a Arizona mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Arizona's median $474,950 home with 20% down, the loan works out to $379,960, or about $2,399 a month in principal and interest.
What makes Arizona different is the cost around the loan. Its 0.63% effective property-tax rate adds roughly $249 a month, and homeowners insurance about $178 more — bringing the all-in estimate to $2,827. Those local costs, not the interest rate, are what set Arizona apart. Your own price and down payment will move the number — work backward from your income with the price-you-can-afford calculator.
Getting approved in Arizona
Federal HMDA lending records show Arizona lenders originated 183,878 home loans in 2025 and denied 50,167 applications — an approval rate near 78.6% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our state-by-state approval data, and how Arizona ranks for lender complaint report (10,229 on record).
Shopping for a loan? See the most active mortgage lenders in Arizona, ranked by federal HMDA volume.
Down-payment help in Arizona
You rarely need 20% down. Arizona IDA — Arizona's housing finance agency — runs the state's main assistance program: The HOME Plus program provides a grant of up to 5% of the loan amount. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at Arizona IDA, see how a smaller down payment changes your number with the down-payment size calculator, or compare nationwide assistance programs.
Arizona mortgage FAQ
What is the current mortgage rate in Arizona?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Arizona loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Arizona's ~0.63% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Arizona home?
On Arizona's median home price of about $474,950 with 20% down at today's 6.49% average 30-year rate, expect roughly $2,827/month — that's $2,399 principal and interest plus about $249 property tax and $178 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Arizona?
In 2025, Arizona lenders originated 183,878 home loans and denied 50,167 applications — an approval rate of about 78.6% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.