Question 1

What are current mortgage rates in Utah?

Accepted Answer

As of March 2026, mortgage rates in Utah 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 Utah housing market like?

Accepted Answer

Utah has been one of the fastest-appreciating housing markets in the nation over the past decade, driven by strong population growth, a booming tech sector in the Silicon Slopes corridor (Salt Lake City to Provo), and migration from California. The Salt Lake City metro remains competitive, and affordability has declined significantly. Prices have moderated somewhat since 2022 but remain elevated.

Question 3

How do I get the best mortgage rate in Utah?

Accepted Answer

To get the best mortgage rate in Utah, 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 Utah Today

Current Rate Ranges in Utah

Utah Housing Market Overview