See the latest Arizona mortgage rates for fixed loans (30 year, 20, 15, 10 FHA, VA and Jumbo), its variable rates (10, 7, 5, 3 year), and Cash Out rates. Also see how Arizona compares nationally, and main lending options available across the state.
Refinancing in Arizona can reduce monthly payments, shorten your loan term, or unlock equity through a cash-out refinance.
Current Refinance Rates in Arizona –
Find community reported rates by Arizona homeowners (rates shown are average APRs).
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.54% | 6.59% | 6.64% | |
| Arizona | 6.50% | 6.55% | 6.60% | |
| Credit Unions | 6.10% | 6.15% | 6.30% | 8.4/10 |
| Online lenders | 6.20% | 6.25% | 6.40% | 7.9/10 |
| Banks | 6.50% | 6.55% | 6.60% | 8.0/10 |
| 30 year fixed | 6.50% | 6.55% | 6.60% | |
| 30 year fixed FHA | 6.63% | 6.68% | 6.73% | |
| 30 year fixed VA | 5.96% | 6.01% | 6.06% | |
| 30 year fixed Jumbo | 6.61% | 6.85% | 7.04% | |
| 20 year fixed | 6.52% | 6.57% | 6.62% | |
| 15 year fixed | 6.00% | 6.04% | 6.10% | |
| 10 year fixed | 5.44% | 5.49% | 5.54% | |
| 3 year ARM | 4.31% | 4.36% | 4.41% | |
| 5 year ARM | 6.61% | 6.66% | 6.71% | |
| 7 year ARM | 6.63% | 6.68% | 6.73% | |
| 10 year ARM | 6.39% | 6.44% | 6.49% | |
| Satisfaction | 8.8/10 | 7.9/10 | 7.4/10 |
Source: MFP’s Community Mortgage Rates Survey of Arizona members in the last 30 days.
Cash Out Refinance Rates in Arizona –
Find community reported cash-out refinance rates by Arizona homeowners (rates are average APR).
| Credit Score | |||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Nationally | 6.66% | 6.79% | 6.91% |
| Arizona | 6.62% | 6.75% | 6.87% |
| Credit Unions | 6.22% | 6.35% | 6.57% |
| Online lenders | 6.32% | 6.45% | 6.67% |
| Banks | 6.62% | 6.75% | 6.87% |
| 30 year fixed | 6.62% | 6.75% | 6.87% |
| 30 year fixed FHA | 6.75% | 6.88% | 7.00% |
| 30 year fixed VA | 6.08% | 6.21% | 6.33% |
| 30 year fixed Jumbo | 6.73% | 6.86% | 6.98% |
| 20 year fixed | 6.65% | 6.77% | 6.90% |
| 15 year fixed | 6.12% | 6.25% | 6.37% |
| 10 year fixed | 5.57% | 5.69% | 5.82% |
| 3 year ARM | 4.44% | 4.56% | 4.69% |
| 5 year ARM | 6.74% | 6.86% | 6.99% |
| 7 year ARM | 6.75% | 6.88% | 7.00% |
| 10 year ARM | 6.51% | 6.64% | 6.77% |
Source: MFP’s Community Home Refinance Rates Survey of Arizona members in the last 30 days.
How Arizona Compares to National Averages
- Arizona refinance rates (6.50% for best credit scores) are in line with national averages (national average: 6.54%).
- Credit unions are more competitive: In Arizona, credit unions offer 6.35%, banks 6.60%, online lenders 6.45%.
- Borrower satisfaction: Credit unions 8.7/10, Online lenders 8.4/10, Banks 8.1/10.
Refinance Options in Arizona
- 30-year Fixed: At 6.50% APR for excellent credit, Arizona's most popular choice for stable long-term payments with predictable monthly costs
- 30-year Fixed FHA: At 6.63% APR for excellent credit, government-backed programs with competitive terms and flexible qualification requirements
- 30-year Fixed VA: At 5.96% APR for excellent credit, exclusive to eligible veterans and military members, featuring Arizona's most competitive rates
- 30-year Fixed Jumbo: At 6.61% APR for excellent credit, for high-value homes with competitive jumbo mortgage terms
- 20-year Fixed: At 6.52% APR for excellent credit, a balanced option between shorter and longer terms with moderate payments
- 15-year Fixed: At 6.00% APR for excellent credit, lower interest rates but higher monthly payments, ideal for building equity faster
- 10-year Fixed: At 5.44% APR for excellent credit, the shortest fixed-term option with competitive rates for rapid equity building
- Adjustable-rate mortgages (ARMs): Various terms including 3-year (4.31% APR), 5-year (6.61% APR), 7-year (6.63% APR), and 10-year (6.39% APR) options that start lower but may adjust upward after initial fixed period
Metro Area Rates
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Phoenix | 6.55% | 5.92% |
| Tucson | 6.52% | 5.93% |
| Mesa | 6.50% | 5.91% |
| Chandler | 6.50% | 5.90% |
| Scottsdale | 6.51% | 5.90% |
* APR Rates shown are for borrowers with the best credit scores. Click the city name to see community recommended lenders and ratings.
Compare Lenders Rated by Arizona Homeowners
Borrowers in Arizona report the highest satisfaction with credit unions, which consistently offer the most competitive rates and service. Online lenders follow closely, while banks perform slightly below average on borrower satisfaction.
See the Best Mortgage Refinance Lenders in Arizona
FAQs – Arizona Refinance Rates
Are refinance rates lower in Arizona than the U.S. average?
Yes, Arizona rates are slightly lower at 6.84% compared to the 6.88% national average for top credit borrowers.
What’s the best credit score for refinancing in Arizona?
Borrowers with 720+ credit scores secure the best rates, averaging 6.84% for 30-year fixed loans.
Which lenders have the highest satisfaction for home refinance in Arizona?
Credit unions lead at 8.5/10, followed by online lenders at 8.1/10, with banks at 8.0/10.
More Info for Arizona Homeowners:
Arizona Best Refinance Lenders from Community recommendations
Arizona Home Equity Loan & Arizona HELOC Rates
Loans Comparison Calculator: Heloc, Cash-Out, Home Equity, Renovation.
Arizona Best Home Insurance from Community recommendations & Costs