Mortgage rates in Utah
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
The Salt Lake City corridor saw some of the steepest price gains in the West. Below is what buying at Utah'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 Utah
The interest rate on a Utah 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 Utah's median $582,450 home with 20% down, the balance comes to $465,960, or about $2,942 a month in principal and interest.
What makes Utah different is the cost around the loan. Its 0.57% effective property-tax rate adds roughly $277 a month, and homeowners insurance about $218 more — bringing the all-in estimate to $3,437. Those local costs, not the interest rate, are what set Utah apart. Your own price and down payment will move the number — work backward from your income with the home affordability tool.
Getting approved in Utah
Federal HMDA lending records show Utah lenders originated 95,957 home loans in 2025 and denied 24,210 applications — an approval rate near 79.9% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our approval-rate research, and how Utah ranks for servicer complaint data (2,817 on record).
Shopping for a loan? See the most active mortgage lenders in Utah, ranked by federal HMDA volume.
Down-payment help in Utah
You rarely need 20% down. Utah Housing — Utah's housing finance agency — runs the state's main assistance program: Utah Housing offers second-mortgage down-payment loans up to 6%. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at Utah Housing, see how a smaller down payment changes your number with the down-payment amount calculator, or compare down-payment help across the country.
Utah mortgage FAQ
What is the current mortgage rate in Utah?
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 Utah loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Utah's ~0.57% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Utah home?
On Utah's median home price of about $582,450 with 20% down at today's 6.49% average 30-year rate, expect roughly $3,437/month — that's $2,942 principal and interest plus about $277 property tax and $218 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 Utah?
In 2025, Utah lenders originated 95,957 home loans and denied 24,210 applications — an approval rate of about 79.9% 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.