Get a Lower rate in Arizona whether you’re looking to reduce your monthly payment, change your loan term or refinance into a different rate.

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Loan Type	Rate	APR	Points	Monthly Payment
FHA 30-Year Fixed	5.875%	6.601%	1.750	$2,251
VA 30-Year Fixed	5.750%	6.087%	2.125	$2,068
Conventional 15-Year Fixed	5.625%	6.038%	2.250	$2,883
Conventional 30-Year Fixed	6.250%	6.479%	2.000	$2,155
Jumbo 30-Year Fixed	6.000%	6.227%	2.250	$5,695

Loan Type	Rate	APR	Points	Monthly Payment
FHA 30-Year Refinance	5.875%	6.686%	2.375	$2,251
VA 30-Year Refinance	5.875%	6.159%	2.500	$2,080
Conventional 15-Year Refinance	5.750%	6.237%	2.500	$2,906
Conventional 30-Year Refinance	6.375%	6.663%	2.375	$2,183
Jumbo 30-Year Refinance	6.000%	6.258%	2.500	$5,695

Loan Type	Rate	APR	Points	Monthly Payment

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 6.601% APR and $2,251 monthly payment at 70% loan-to-value (LTV) and 1.750 discount points. Payment is Principal and Interest example only.

VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 6.087% APR and $2,068 monthly payment at 70% loan-to-value (LTV) and 2.125 discount points. Payment is Principal and Interest example only.

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.038% APR and $2,883 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal and Interest example only.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.479% APR and $2,155 monthly payment at 70% loan-to-value (LTV) and 2.000 discount points. Payment is Principal and Interest example only.

Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 6.227% APR and $5,695 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal and Interest example only.

FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 6.686% APR and $2,251 monthly payment at 70% loan-to-value (LTV) and 2.375 discount points. Payment is Principal and Interest example only.

VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 6.159% APR and $2,080 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal and Interest example only.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 6.237% APR and $2,906 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal and Interest example only.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 6.663% APR and $2,183 monthly payment at 70% loan-to-value (LTV) and 2.375 discount points. Payment is Principal and Interest example only.

Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 6.258% APR and $5,695 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal and Interest example only.

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Mortgage Rates Trend in Arizona

Historical rates shown for context only. See full disclosures below and current rates in the table above. View Legal Disclosures

What Affects Refinance Rates in Arizona

Arizona refinance pricing follows the national lending market rather than a rate set within the state. Your credit profile, loan-to-value, loan structure, property details and occupancy can then affect the terms offered on the replacement mortgage.

A refinance rate can differ from a purchase rate for the same borrower because the transaction and loan details are different. For a homeowner in Phoenix or elsewhere in Arizona, the useful comparison is between the mortgage already in place and the proposed new loan.

The interest rate is the percentage charged for borrowing the principal. The annual percentage rate, or APR, is a broader annualized measure that includes the interest rate plus certain loan costs. Comparing only the old and new interest rates leaves out part of the transaction cost, while APR can help show how qualifying costs affect the proposed refinance.

If you are buying instead, compare Arizona mortgage rates.

Types of Refinances Available in Arizona

Arizonans comparing refinance rates can start with a rate-and-term refinance, which replaces the existing mortgage without taking cash out of the property. The new loan can change the rate, term or both.

The new monthly payment is only one part of the comparison. A different rate or repayment term can change the payment, while closing costs determine how much you spend to replace the loan. How long you expect to keep the new mortgage also affects when refinancing makes sense.

Review how much a refinance costs alongside a detailed refinance closing cost breakdown when comparing the proposed loan with your current mortgage.

Your credit profile may also have changed since you obtained the original loan. If it has weakened, refinancing with bad credit can affect the terms available on the replacement mortgage.

Some homeowners refinance because private mortgage insurance is part of the current payment. Whether a replacement mortgage changes that cost depends on the financing involved, so check the requirements for refinancing to remove PMI.

FHA and VA Refinance Options in Arizona

Arizona homeowners whose current mortgage is FHA- or VA-backed may have refinance options tied to the existing loan program. The FHA options differ mainly in how the new loan is reviewed, while the VA offers a rate-reduction refinance for an existing VA-backed mortgage.

For an existing FHA mortgage:

An FHA streamline refinance is for borrowers who already have an FHA loan and want a lower rate or different term with reduced documentation.
An FHA simple refinance also replaces an existing FHA mortgage, but it involves a new appraisal and full credit review. The streamline reduces documentation while the simple refinance does not.

Program rules determine timing and other qualification details. The linked guidance covers how soon you can refinance an FHA loan and what changes when refinancing an FHA loan to a conventional loan.

For an existing VA-backed mortgage:

The VA Interest Rate Reduction Refinance Loan, or IRRRL, is for borrowers whose current mortgage is already VA-backed and who want a lower rate or change of term. You can review how an IRRRL works and how many times you can use an IRRRL.
Appraisal treatment can differ on government-backed refinances, so review appraisals on government-backed refinances for that part of the transaction.

The VA does not impose a loan limit for eligible borrowers with full entitlement. Lenders may still apply their own underwriting and loan-size requirements.

Arizona uses one $832,750 one-unit conforming limit statewide for 2026. A replacement mortgage above $832,750 falls into the jumbo category anywhere in Arizona. The purchase page provides the full Arizona conforming and jumbo loan limit treatment.

Arizona Refinance Payment Examples By Rate

Arizona's refinance examples use new loan balances up to $800,000, which remains below the statewide $832,750 one-unit conforming limit for 2026. The table shows the supplied principal-and-interest payments for 30-year fixed replacement mortgages. Use the refinance break-even calculator to compare the cost of refinancing with the monthly savings from a proposed loan.

Loan Amount	5.50%	5.75%	6.00%	6.25%	6.50%
$800,000	$4,542	$4,669	$4,796	$4,926	$5,057
$700,000	$3,975	$4,085	$4,197	$4,310	$4,424
$600,000	$3,407	$3,501	$3,597	$3,694	$3,792
$500,000	$2,839	$2,918	$2,998	$3,079	$3,160
$400,000	$2,271	$2,334	$2,398	$2,463	$2,528
$300,000	$1,703	$1,751	$1,799	$1,847	$1,896

The figures cover principal and interest only. Property taxes, homeowners insurance, mortgage insurance, association fees and closing costs are not included.

Refinance rate pages are also available for the following states:

When does refinancing make sense in Arizona?

Compare the difference between your current rate and the proposed rate with the cost of replacing the mortgage and how long you expect to keep the new loan. Monthly savings are more useful when they have enough time to offset the transaction costs. Review when refinancing makes sense for the broader decision factors. A refinance break-even calculator can help compare upfront costs with expected monthly savings.