Mortgage Rates in Tempe, Arizona
Tempe is a vibrant college town home to Arizona State University, featuring an active downtown, Tempe Town Lake, and a mix of urban condos and family homes.
6.18%
30-Yr Rate
$485,000
Median Price
+3.5% YoY
Price Change
185,000
Population
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Current Tempe 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
6.18%
15-Year Fixed
5.52%
FHA 30-Year
5.68%
VA 30-Year
5.43%
Market Insight
Tempe's market is driven by ASU expansion and the growing tech corridor. Investors and first-time buyers compete for condos near downtown and the university.
Top Lenders in Tempe
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OneAZ Credit Union
Credit Union
Better Mortgage
Online
PrimeLending
Regional
Popular Tempe Neighborhoods
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Buying a Home in Tempe
Affordability
With a median home price of $485,000, a 20% down payment would be approximately $97,000. At current rates, monthly principal and interest would be around $2,371 (excluding taxes and insurance).
First-Time Buyers
Tempe 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 Tempe market has seen +3.5% 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
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