Mortgage Rates in Phoenix, Arizona
Phoenix is Arizona's capital and largest city, known for its year-round sun, growing tech sector, and diverse housing options from urban condos to desert estates.
6.19%
30-Yr Rate
$445,000
Median Price
+3.2% YoY
Price Change
1.6 million
Population
Get Phoenix Rates
Compare offers from local and national lenders.
Current Phoenix Mortgage Rates
Average rates for borrowers with 740+ credit score and 20% down payment.
Source: Freddie Mac Primary Mortgage Market Survey via FRED | Updated: Mar 19, 2026
30-Year Fixed
6.19%
15-Year Fixed
5.53%
FHA 30-Year
5.69%
VA 30-Year
5.44%
Market Insight
The Phoenix housing market remains competitive with steady appreciation. Strong job growth in tech and healthcare continues to drive demand. First-time buyers should explore down payment assistance programs through the Arizona Industrial Development Authority.
Top Lenders in Phoenix
Compare rates from lenders serving the Phoenix area.
Arizona Federal Credit Union
Credit Union
Rocket Mortgage
Online
Guild Mortgage
Regional
Popular Phoenix Neighborhoods
Explore in-demand areas for homebuyers in Phoenix.
Buying a Home in Phoenix
Affordability
With a median home price of $445,000, a 20% down payment would be approximately $89,000. At current rates, monthly principal and interest would be around $2,178 (excluding taxes and insurance).
First-Time Buyers
Phoenix buyers have access to Arizona state programs including HOME Plus (up to 5% down payment assistance) and Pathway to Purchase. FHA loans with 3.5% down are popular given local price points.
Market Conditions
The Phoenix market has seen +3.2% YoY price appreciation year-over-year. Inventory levels and days on market vary by neighborhood and price point. Working with a local agent and getting pre-approved early is recommended.
Nearby Cities
Ready to Buy in Phoenix?
Get personalized rates from lenders serving Phoenix and the Phoenix-Mesa-Chandler area.