Arizona Mortgage Refinance Interest Rates

Average mortgage rates in Arizona

Interest rate over time in Arizona

Compare mortgage rates in Arizona

Showing results for: 15-Year Fixed and 30-Year Fixed refinance offers for Single Family or Townhome properties in AZ, total loan amount of $228,000.

Advertiser Disclosure

Filters

Lender	APR / Rate	Monthly Payment

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Rates and fees are estimates and subject to change without notice. Payments do not include taxes and insurance premiums. Actual payments may be higher. Not all lenders participate in this marketplace. Loan availability and terms may vary by state and lender. Lender offers, including badges like “Lowest APR” or “Lowest Payment,” are based only on results displayed here and may not reflect the absolute lowest offer available in the market. Rate and product details

Arizona housing market snapshot

Hey Arizona homeowners! The Grand Canyon State market is cooling off after a sizzling few years. We are shifting from a frenzy to a more "normal" market.

Why This Matters for Your Refinance (The LTV Factor)

• Loan-to-Value (LTV) helps lenders decide if you qualify for a loan. It is the percentage of your home's value that you still owe.
• The Reality Check: Because values have dipped slightly (-3.2%), your LTV might be a little higher than last year.
• The Strategy: Be careful with "automated valuation models" (like Zillow Zestimates). Before you pay for a refinance appraisal, ask a local expert for a "Comparable Market Analysis" to ensure your home will appraise high enough to keep your LTV in the safe zone (ideally under 80%).

Property taxes in Arizona

Arizona keeps property taxes relatively low, which is a major draw for retirees and new residents.

Arizona refinance programs & homeowner perks

How Often Do Mortgage Rates Change in AZ?

Mortgage rates in Arizona can change daily based on a variety of factors including market demand, economic indicators, and decisions made by the Federal Reserve. It's important to stay updated on these changes to secure the best rate.

What Factors Influence Mortgage Rates in AZ?

Several key factors influence mortgage rates in Arizona, including:

1. Credit Score: Higher scores can qualify for lower rates.
2. Loan Term: Shorter terms often have lower rates.
3. Loan Type: Different loan types (fixed, adjustable, FHA, VA) have different rates.
4. Economic Conditions: National and state economic conditions play a significant role.

How Can I Get the Best Mortgage Rate in AZ?

1. Improve Your Credit Score: Pay off debts and keep credit card balances low to boost your credit score.
2. Compare Multiple Lenders: Get quotes from at least three different lenders to ensure you get the best rate.
3. Consider Different Loan Types: Evaluate various loan products to find the best fit for your financial situation.
4. Lock Your Rate: Once you find a favorable rate, consider locking it in to avoid future increases.
5. Increase Your Down Payment: A larger down payment can reduce the loan amount and potentially qualify you for a better rate.

Why Should I Consider Refinancing in AZ?

Refinancing in Arizona can help you lower your monthly payments, reduce your interest rate, or shorten your loan term. It can also allow you to tap into your home's equity for other financial needs. However, it's important to consider the closing costs and fees associated with refinancing.

What is the Process for Getting a Mortgage in AZ?

1. Get Pre-Approved: Start by getting pre-approved by a lender to understand your budget.
2. Shop for a Home: Work with a real estate agent to find a home that fits your needs and budget.
3. Make an Offer: Submit an offer on the home you want to purchase.
4. Complete the Loan Application: Provide necessary documentation and complete the loan application with your lender.
5. Close the Loan: Review and sign the closing documents to finalize the mortgage.