Compare Today’s Mortgage Rates for Phoenix, Arizona
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Phoenix, Arizona 85074. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $12,458 or $35 / month in Phoenix and other areas of Maricopa county.
Our search engine explores all home mortgage options in Phoenix, Arizona 85074, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Phoenix, Arizona 85074
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Phoenix, AZ
To forecast and predict mortgage rates in Phoenix, AZ 85074, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
Historical Mortgage Rates for Phoenix, Arizona 85074 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Phoenix, Arizona and around Maricopa county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 91.01% | 89.62% | 88.61% | 88.54% | 92.12% | 91.07% | 93.03% | 93.28% |
| avg mortgage rate | 5.03% | 4.79% | 3.97% | 4.06% | 4.54% | 4.19% | 4.02% | 4.29% |
| % 15 year fixed mortgage | 7.85% | 8.74% | 10.01% | 10.38% | 7.11% | 7.41% | 5.92% | 5.41% |
| avg mortgage rate | 4.40% | 4.01% | 3.32% | 3.15% | 3.54% | 3.29% | 3.22% | 3.52% |
| Avg credit score | 761.85 | 763.07 | 762.15 | 759.43 | 752.00 | 750.70 | 749.96 | 749.93 |
| Avg LTV (loan to value) | 75.44% | 77.73% | 79.13% | 79.73% | 80.75% | 81.60% | 81.79% | 81.78% |
| Avg DTI (debt to income) | 33.52 | 32.98 | 32.88 | 33.06 | 34.11 | 34.46 | 34.72 | 35.05 |
| % First time homebuyer | 28.97% | 24.97% | 28.80% | 29.50% | 33.94% | 38.89% | 37.95% | 37.40% |
| Avg mortgage insurance % | 2.95% | 4.94% | 8.09% | 8.64% | 10.70% | 12.02% | 11.88% | 11.88% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Phoenix, Arizona 85074
If you’re looking to buy a new home in Phoenix, we have compiled a list of the leading mortgage brokers around Phoenix, Arizona 85074 to help you with your search.
Name
Address
Contact
Universal Mortgage and Lending
13825 N 7th St
Phoenix AZ 85074
(602) 843-2036
http://universalmortgage.org
602 Low Rate
630 E Winged Foot Rd
Phoenix AZ 85074
(602) 569-7283
Bma
14001 N 7th St
Phoenix AZ 85074
(602) 993-4119
Millennium Commercial Development
14620 N Cave Creek Rd
Phoenix AZ 85074
(602) 404-4343
Deines McCutcheon Mortgage Co.
14040 N Cave Creek Rd
Phoenix AZ 85074
(602) 482-5060
http://www.azlender.com/
Address
13825 N 7th St
Phoenix AZ
Contact
(602) 843-2036
http://universalmortgage.org
Address
630 E Winged Foot Rd
Phoenix AZ
Contact
(602) 569-7283
Address
14001 N 7th St
Phoenix AZ
Contact
(602) 993-4119