Mortgage Rates in Arizona — June 2026
Compare mortgage rate benchmarks across 63 cities in Arizona. Amortio's estimated state average for a 30-year fixed loan is 6.7%, which is 0.17% above the Freddie Mac national benchmark of 6.53% from May 28, 2026. These figures are informational estimates, not lender quotes or APR offers.
What is the current Arizona mortgage-rate benchmark?
Amortio's Arizona state table shows an estimated 6.7% 30-year benchmark across 63 cities, versus Freddie Mac's 6.53% national 30-year PMMS benchmark from May 28, 2026. Use it to compare city payments, then request same-day lender Loan Estimates for APR, points, fees, lock period, and cash-to-close.
How to Read Arizona Mortgage Rates
Arizona is not one uniform mortgage market. The rate table below covers 63 cities, but the real payment difference comes from home price, income, property taxes, loan size, and whether a borrower fits conventional, FHA, VA, or jumbo pricing. Use this page to compare cities first, then use lender quotes for final APR and fee decisions.
- At the state-average payment of $1,962 per month and median income of $59,998, Arizona looks stretched relative to the standard 28% housing-cost guideline.
- The observed city-level 30-year benchmark spread is 0.78 percentage points, from 6.11% to 6.89%. Even small rate differences matter more in expensive cities because they apply to larger loan balances.
- Average property-tax pressure is relatively low, so purchase price and rate lock timing usually drive more of the monthly-payment difference.
- For buyers comparing down payment choices, pair this state page with the PMI calculator, affordability calculator, and closing cost estimator before assuming the lowest advertised rate creates the lowest total cost.
Payment-Efficient Arizona Cities
| City | P&I / Income | Monthly P&I | Median Income | 30-Year Rate |
|---|---|---|---|---|
| Carefree | 26.1% | $1,568 | $72,000 | 6.66% |
| Sahuarita | 30.8% | $1,669 | $65,000 | 6.36% |
| Tucson Mountains | 31.1% | $1,488 | $57,500 | 6.64% |
| Prescott Valley | 31.1% | $1,705 | $65,700 | 6.65% |
| Gilbert | 33.2% | $2,650 | $95,908 | 6.67% |
Highest-Priced Arizona Markets to Stress-Test
Arizona Mortgage Quote Comparison Worksheet
Use this checklist before choosing between lender quotes, state assistance, builder credits, or a temporary buydown. It is built to catch the costs that do not show up in a simple rate table.
| Line Item | What to Compare |
|---|---|
| Rate vs APR | APR exposes points, lender fees, and credits that can hide inside a lower advertised rate. |
| Cash to close | Compare down payment, closing costs, prepaid taxes, insurance escrow, and any assistance or seller credit. |
| Payment after escrow | Arizona buyers should compare principal, interest, property tax, insurance, HOA or condo dues, and mortgage insurance together. |
| Assistance terms | Down payment assistance can be a grant, forgivable second, deferred second, or repayable loan; the repayment rule changes the real cost. |
| Rate lock and buydown | Temporary buydowns and lender credits can improve the first-year payment while leaving a higher long-run payment. |
A strong Arizona mortgage comparison should include at least two lender Loan Estimates plus one program or assistance check where available. Pair this worksheet with the affordability calculator, PMI calculator, and closing cost estimator.
Arizona HOME Plus, Heat & Affordability Notes
Arizona borrowers should compare the mortgage-rate benchmark with HOME Plus down payment assistance, Phoenix and Tucson price pressure, HOA costs, summer utility bills, insurance, and whether a buydown changes the first-year payment. This page is for planning and comparison, not a lender quote or APR offer.
- Arizona Department of Housing says HOME Plus is the only state-run, statewide home buyer down payment assistance program in Arizona.
- HOME Plus is available in every Arizona county, city, and ZIP code, but program terms, assistance, and lender participation should be verified before applying.
- Phoenix-area and Tucson-area purchases can be affected by HOA dues, new-build incentives, temporary buydowns, insurance, and high summer utility costs.
- Builder credits and rate buydowns should be compared against APR, points, fees, payment after the buydown period, and expected time in the home.
Arizona Loan Limit & HOME Plus Checks
| Area | Conforming | FHA | Why It Matters |
|---|---|---|---|
| Arizona conventional loans | Use FHFA lookup | Use HUD lookup | Verify county limits before deciding conforming, FHA, VA, USDA, or jumbo. |
| HOME Plus assisted purchase | Program-specific | Program-specific | Assistance, lender, credit, income, and program rules should be checked through official HOME Plus resources. |
| Builder buydown or lender-credit quote | Loan-specific | Loan-specific | Compare permanent rate, APR, points, and payment after the buydown period ends. |
Official Arizona Mortgage Sources
Arizona Housing Highlights
All 63 Cities in Arizona
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Phoenix | 6.67% | $460,000 | $2,367 | 1,608,139 |
| Tucson | 6.67% | $295,000 | $1,518 | 542,629 |
| Mesa | 6.67% | $415,000 | $2,136 | 504,258 |
| Chandler | 6.67% | $465,000 | $2,393 | 275,987 |
| Gilbert | 6.67% | $515,000 | $2,650 | 267,918 |
| Glendale | 6.67% | $365,000 | $1,878 | 248,325 |
| Scottsdale | 6.67% | $725,000 | $3,731 | 241,361 |
| Peoria | 6.67% | $415,000 | $2,136 | 190,985 |
| Tempe | 6.67% | $415,000 | $2,136 | 180,587 |
| Surprise | 6.67% | $395,000 | $2,033 | 143,148 |
| San Tan Valley | 6.7% | $414,000 | $2,137 | 104,936 |
| Yuma | 6.67% | $265,000 | $1,364 | 95,548 |
| Goodyear | 6.67% | $425,000 | $2,187 | 95,294 |
| Buckeye | 6.82% | $424,000 | $2,216 | 91,502 |
| Avondale | 6.67% | $355,000 | $1,827 | 89,838 |
| Flagstaff | 6.67% | $525,000 | $2,702 | 73,964 |
| Casas Adobes | 6.81% | $409,000 | $2,135 | 70,516 |
| Queen Creek | 6.69% | $403,000 | $2,078 | 65,832 |
| Lake Havasu City | 6.67% | $355,000 | $1,827 | 58,943 |
| Maricopa | 6.83% | $370,000 | $1,936 | 58,802 |
| Casa Grande | 6.7% | $432,000 | $2,230 | 57,014 |
| Marana | 6.84% | $373,000 | $1,953 | 51,922 |
| Catalina Foothills | 6.83% | $405,000 | $2,119 | 50,696 |
| Oro Valley | 6.79% | $407,000 | $2,121 | 47,070 |
| Prescott Valley | 6.65% | $332,000 | $1,705 | 46,515 |
| Youngtown | 6.74% | $315,000 | $1,633 | 46,464 |
| Prescott | 6.78% | $333,000 | $1,733 | 45,827 |
| Sierra Vista | 6.67% | $402,000 | $2,069 | 44,304 |
| Apache Junction | 6.82% | $364,000 | $1,902 | 41,318 |
| Bullhead City | 6.11% | $285,000 | $1,383 | 41,149 |
| Sun City | 6.82% | $365,000 | $1,908 | 37,499 |
| Tucson Mountains | 6.64% | $290,000 | $1,488 | 36,747 |
| San Luis | 6.3% | $210,000 | $1,040 | 35,697 |
| El Mirage | 6.81% | $379,000 | $1,979 | 35,680 |
| Sahuarita | 6.36% | $335,000 | $1,669 | 32,014 |
| Kingman | 6.66% | $391,000 | $2,010 | 31,668 |
| Drexel Heights | 6.81% | $383,000 | $2,000 | 30,073 |
| Cottonwood | 6.75% | $300,000 | $1,557 | 29,801 |
| Fortuna Foothills | 6.75% | $350,000 | $1,816 | 29,334 |
| Doney Park | 6.71% | $465,000 | $2,403 | 27,737 |
| 23 more Arizona city mortgage-rate pages are available as individual pages and in the XML sitemap. | ||||
Arizona Mortgage Rates Guide — 2026
Arizona homebuyers can use an estimated 30-year fixed benchmark of 6.7%, with median home prices around $379,730. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,962.
The most affordable city for homebuyers in Arizona is Nogales, where the median home price is $175,000. On the other end, Scottsdale has the highest prices at $725,000. Property tax rates across the state average 0.62%.
To comfortably afford a home at the state average price, a household income of approximately $84,086 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
For Arizona mortgage-rate searches, separate the permanent rate from temporary buydowns and builder credits. A first-year payment can look strong while the long-run APR, points, or future payment is less attractive.
Use our free loan calculator to see your estimated monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Methodology & Mortgage Rate Data Sources
How we calculate Arizona mortgage rates: Our rate estimates start with weekly mortgage-rate benchmarks and then compare city-level housing assumptions. They are designed for planning and comparison, not as a guarantee of lender pricing.
- Benchmark mortgage rates from Freddie Mac Primary Mortgage Market Survey (PMMS) — the most-cited weekly survey of 30-year and 15-year fixed conforming rates.
- Federal Reserve rate policy tracked via FRED — Federal Reserve Economic Data — the St. Louis Fed's authoritative database of interest rate series.
- Conforming loan limits set annually by the FHFA Conforming Loan Limit announcements (Arizona 2026: $832,750 baseline, with higher one-unit limits in high-cost counties).
- State lending regulation context from HUD State Information pages covering FHA, down payment assistance, and housing finance agency programs in Arizona.
- Mortgage market trends tracked via Mortgage Bankers Association (MBA) Weekly Applications Survey — the industry benchmark for mortgage demand and rate sensitivity.
Authoritative mortgage rate data sources:
- Freddie Mac PMMS — weekly 30yr and 15yr fixed rate benchmark
- FRED — Federal Reserve Economic Data — interest rate and housing series
- FHFA — Federal Housing Finance Agency — conforming loan limits and HPI
- HUD — Housing and Urban Development — FHA programs and state assistance
- Arizona HOME Plus — official Arizona Department of Housing HOME Plus page
- CFPB Mortgage Rate Checker — personalized rate comparison tool
- VA Home Loan Program — zero down payment loan for eligible veterans
Rate Disclaimer: Rates shown are estimates based on current market surveys and may not reflect actual lender quotes. Your rate depends on credit score, loan-to-value ratio, down payment, property type, and lender. Always obtain personalized rate quotes from multiple lenders. Rates change daily.
Reviewed by Brazora Monk · Last updated May 2026 · Freddie Mac PMMS data current as of May 28, 2026
Frequently Asked Questions — Arizona Mortgages
What are current mortgage rates in Arizona?
As of May 28, 2026, Freddie Mac's national benchmark was 6.53% for the 30-year fixed and 5.87% for the 15-year fixed. Amortio's Arizona city comparison shows an estimated 30-year benchmark average of 6.7% and 15-year average of 5.94%. Rates vary by city, lender, lock date, fees, and borrower qualification.
What is the average home price in Arizona?
The median home price across 63 cities in Arizona is $379,730. Prices range from $175,000 in Nogales to $725,000 in Scottsdale.
How much income do I need to buy a house in Arizona?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $84,086 to comfortably afford the average home in Arizona. The median household income in the state is approximately $59,998.
What is Arizona HOME Plus?
HOME Plus is Arizona Industrial Development Authority down payment assistance listed by the Arizona Department of Housing as the only state-run, statewide home buyer assistance program in Arizona.
Should Arizona buyers compare buydowns with HOME Plus?
Yes. Compare HOME Plus, builder buydowns, lender credits, and standard quotes by APR, cash to close, assistance terms, points, payment after buydown, and expected holding period.
Arizona Mortgage Rates by ZIP Code
Explore mortgage rates for specific ZIP codes in Arizona. Rates can vary by neighborhood based on local property values and lending conditions.
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