Mortgage Rates in Millcreek, Utah — March 2026
Updated March 2026 | Based on Millcreek market data and regional lending conditions
Millcreek is a growing city in Utah with a population of 60,750. The current 30-year fixed mortgage rate in Millcreek is 6.69%, which is 0.04% above the national average. With a median home price of $463,000 and a 20% down payment of $92,600, homebuyers can expect a monthly principal and interest payment of approximately $2,388.
Current Mortgage Rates in Millcreek, UT
Below are the current average mortgage rates available in the Millcreek area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Millcreek Housing Market Overview
The Millcreek housing market reflects moderate demand with prices near the national average. The median household income in Millcreek is $71,200, and the cost of living index is 101.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $111,600 to comfortably afford the median-priced home in Millcreek, which exceeds the current median household income.
Monthly Payment Breakdown for Millcreek
Based on the median home price of $463,000 with 20% down ($92,600), here is what you can expect to pay monthly in Millcreek:
15-Year vs. 30-Year Mortgage in Millcreek
Choosing a 15-year mortgage in Millcreek at 5.94% instead of a 30-year at 6.69% would save you $299,160 in total interest over the life of the loan. However, your monthly payment would be $3,114 instead of $2,388 — an increase of $726 per month.
Calculate Your Millcreek Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Millcreek
What are the current mortgage rates in Millcreek, UT?
As of March 2026, the average 30-year fixed mortgage rate in Millcreek, Utah is 6.69%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Millcreek?
Based on the median home price of $463,000 with 20% down, the estimated monthly mortgage payment in Millcreek is $2,388 for principal and interest. Including property taxes of $216/month, the total monthly housing cost is approximately $2,604.
What income do I need to buy a home in Millcreek?
Using the 28% rule, you would need an annual income of approximately $111,600 to afford the median-priced home in Millcreek at $463,000. The median household income in Millcreek is $71,200. This means most households would need to either earn above the median or consider homes below $463,000.
Is Millcreek a good place to buy a home in 2026?
Millcreek has a moderate cost of living with a cost of living index of 101.7 (national average = 100). The property tax rate in Utah is 0.56%, which is below the national average. Millcreek has a population of 60,750 and offers a balanced lifestyle.
Mortgage Rates in Other Utah Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Millcreek, Utah area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.