Question 1

What are current mortgage rates in Arizona?

Accepted Answer

As of March 2026, mortgage rates in Arizona are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the Arizona housing market like?

Accepted Answer

Arizona — particularly the Phoenix metro — has experienced extreme price volatility, surging during 2020–2022 and partially correcting since. It remains a popular destination for retirees and remote workers from California. Maricopa County consistently ranks among the fastest-growing counties in the US.

Question 3

How do I get the best mortgage rate in Arizona?

Accepted Answer

To get the best mortgage rate in Arizona, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in Arizona Today

Current Rate Ranges in Arizona

Arizona Housing Market Overview