Mortgage Rates in Provo, Utah — March 2026
Updated March 2026 | Based on Provo market data and regional lending conditions
Provo is a growing city in Utah with a population of 115,162. The current 30-year fixed mortgage rate in Provo is 6.68%, which is 0.03% above the national average. With a median home price of $465,000 and a 20% down payment of $93,000, homebuyers can expect a monthly principal and interest payment of approximately $2,396.
Current Mortgage Rates in Provo, UT
Below are the current average mortgage rates available in the Provo 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 | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.28% | 6.25% | +0.03% |
| VA | 6.08% | 6.05% | +0.03% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Provo Housing Market Overview
The Provo housing market reflects moderate demand with prices near the national average. The median household income in Provo is $52,250, and the cost of living index is 102.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $112,329 to comfortably afford the median-priced home in Provo, which exceeds the current median household income.
Monthly Payment Breakdown for Provo
Based on the median home price of $465,000 with 20% down ($93,000), here is what you can expect to pay monthly in Provo:
15-Year vs. 30-Year Mortgage in Provo
Choosing a 15-year mortgage in Provo at 5.92% instead of a 30-year at 6.68% would save you $300,420 in total interest over the life of the loan. However, your monthly payment would be $3,123 instead of $2,396 — an increase of $727 per month.
Calculate Your Provo 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 Provo
What are the current mortgage rates in Provo, UT?
As of March 2026, the average 30-year fixed mortgage rate in Provo, Utah is 6.68%, while the 15-year fixed rate is 5.92%. FHA loans average 6.28% and VA loans 6.08%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Provo?
Based on the median home price of $465,000 with 20% down, the estimated monthly mortgage payment in Provo is $2,396 for principal and interest. Including property taxes of $225/month, the total monthly housing cost is approximately $2,621.
What income do I need to buy a home in Provo?
Using the 28% rule, you would need an annual income of approximately $112,329 to afford the median-priced home in Provo at $465,000. The median household income in Provo is $52,250. This means most households would need to either earn above the median or consider homes below $465,000.
Is Provo a good place to buy a home in 2026?
Provo has a moderate cost of living with a cost of living index of 102.5 (national average = 100). The property tax rate in Utah is 0.58%, which is below the national average. Provo has a population of 115,162 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 Provo, Utah area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.