Utah mortgage and refinance rates

Written by

Jeff Ostrowski

Edited by

Suzanne De Vita,

Reviewed by

Thomas Brock, CFA, CPA

Expert verified

Updated on October 29, 2026

On Thursday, October 29, 2026, the national average 30-year fixed mortgage APR is 7.38%. The national average 30-year fixed refinance APR is 7.55%, according to Bankrate's latest survey of the nation's largest mortgage lenders.

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Utah mortgage and refinance rates today

Showing results for: Single-family home, 30 year fixed and 5 year ARM mortgages with all points options.

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Sage Home Loans 30 Year Fixed

NMLS #3304 | State Lic: 6409698

RateRate as of 10/29/26: 6.373%
APRAPR: 6.537%Points: 1.442
Monthly paymentMonthly payment: $3,593Upfront costs: $9,8008 year cost: $288,098
Points: 1.442
Upfront costs: $9,800
8-year cost: $288,098
Lender rating

Approved Home Loans 30 Year Fixed

NMLS #1935422

RateRate as of 10/29/26: 6.375%
APRAPR: 6.540%Points: 1.5
Monthly paymentMonthly payment: $3,593Upfront costs: $9,8358 year cost: $288,226
Points: 1.5
Upfront costs: $9,835
8-year cost: $288,226
Lender rating

Tomo Mortgage 30 Year Fixed

NMLS #2059741

RateRate as of 10/29/26: 6.375%
APRAPR: 6.600%Points: 1.819
Monthly paymentMonthly payment: $3,603Upfront costs: $12,1778 year cost: $290,198
Points: 1.819
Upfront costs: $12,177
8-year cost: $290,198
Lender rating

Mutual of Omaha Mortgage 30 Year Fixed

NMLS #1025894

RateRate as of 10/29/26: 6.375%
APRAPR: 6.574%Points: 1.665
Monthly paymentMonthly payment: $3,593Upfront costs: $11,8288 year cost: $290,219
Points: 1.665
Upfront costs: $11,828
8-year cost: $290,219
Lender rating

First Federal Bank 30 Year Fixed

NMLS #408902

RateRate as of 10/29/26: 6.490%
APRAPR: 6.653%Points: 1.466
Monthly paymentMonthly payment: $3,637Upfront costs: $9,6398 year cost: $293,347
Points: 1.466
Upfront costs: $9,639
8-year cost: $293,347
Lender rating

Flagstar Bank 30 Year Fixed

NMLS #417490

RateRate as of 10/29/26: 6.625%
APRAPR: 6.806%Points: 1.584
Monthly paymentMonthly payment: $3,689Upfront costs: $10,6188 year cost: $300,576
Points: 1.584
Upfront costs: $10,618
8-year cost: $300,576
Lender rating

Alliant Credit Union 30 Year Fixed

NMLS #197185

RateRate as of 10/29/26: 6.625%
APRAPR: 6.812%Points: 1.737
Monthly paymentMonthly payment: $3,688Upfront costs: $10,9558 year cost: $300,913
Points: 1.737
Upfront costs: $10,955
8-year cost: $300,913
Lender rating

New American Funding 30 Year Fixed

NMLS #6606

RateRate as of 10/29/26: 7.240%
APRAPR: 7.476%Points: 1.875
Monthly paymentMonthly payment: $3,926Upfront costs: $13,3008 year cost: $331,295
Points: 1.875
Upfront costs: $13,300
8-year cost: $331,295
Lender rating

Mutual of Omaha Mortgage 5/6 Arm

NMLS #1025894

RateRate as of 10/29/26: 5.625%
APRAPR: 6.458%Points: 1.939
Monthly paymentMonthly payment: $3,316Upfront costs: $13,4078 year cost: $288,164
Points: 1.939
Upfront costs: $13,407
8-year cost: $288,164
Lender rating

First Federal Bank 5/6 Arm

NMLS #408902

RateRate as of 10/29/26: 5.750%
APRAPR: 6.611%Points: 1.708
Monthly paymentMonthly payment: $3,362Upfront costs: $11,0338 year cost: $293,636
Points: 1.708
Upfront costs: $11,033
8-year cost: $293,636
Lender rating

Showing 10 of 10

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $832,750 May Have Different Loan Terms: If you are seeking a loan for more than $832,750, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

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Table of contents

Current mortgage rates in Utah
Utah housing market statistics and trends
Mortgage options in Utah
First-time homebuyer programs in Utah
How to find the best mortgage rate in Utah
Additional mortgage resources

Current mortgage rates in Utah

Mortgage rates in Utah — and nationally — have more than doubled from the pandemic lows of several years ago. While they have dipped since their peak in 2023, many experts think that rates will stay in the 6 percent range for most of 2025 and into 2026. However, mortgage rates are notoriously difficult to predict.

Refinance rates in Utah

If you bought your home within the last few years, at a time when rates were closer to 8 percent, it might make sense to refinance now. Refinance rates in Utah, like elsewhere in the country, have fallen below 7 percent recently due to concerns about a potential recession and rising inflation. However, if you refinanced or took out your mortgage when rates were below 4 percent, refinancing again is unlikely to save you money anytime soon.

On the other hand, if you have a large expense coming up, tapping your equity with a cash-out refinance could be more affordable than other borrowing options. Around 40 percent of homes in Utah were “equity rich" as of the fourth quarter of 2025, according to property data provider ATTOM, meaning that the home’s mortgage balance is 50 percent or less than its value.

Learn more: How and why to do a cash-out refinance

National mortgage rates by loan type

Product	Interest Rate	APR
30-Year Fixed Rate	7.31%	7.38%
15-Year Fixed Rate	6.70%	6.82%
30-Year Fixed Rate FHA	7.16%	7.20%
30-Year Fixed Rate VA	7.07%	7.13%
30-Year Fixed Rate Jumbo	7.37%	7.41%
3/1 ARM Rate	6.20%	7.02%
7/1 ARM Rate	6.36%	6.90%

Rates as of Thursday, October 29, 2026 at 6:30 AM

Product	Interest Rate	APR
30-Year Fixed Rate	7.47%	7.55%
15-Year Fixed Rate	6.76%	6.89%
30-Year Fixed Rate FHA	6.84%	6.93%
30-Year Fixed Rate VA	7.21%	7.35%
30-Year Fixed Rate Jumbo	7.41%	7.45%
3/1 ARM Rate	6.42%	7.11%
7/1 ARM Rate	6.35%	6.81%

Rates as of Thursday, October 29, 2026 at 6:30 AM

Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.

Learn more about how we collect, display and report mortgage rates.

Utah housing market and mortgage statistics and trends

Utah can be a challenging state in which to purchase a home. The median home sale price in Utah is more than $150,000 above the U.S. median and it's grown by a steep 7.1 percent since this time last year. However, houses are spending longer on the market and a shrinking percentage are selling above their list price, suggesting a slowly cooling market.

Median home sales price, September 2025: $587,100
Median home value, August 2025: $543,817
Median down payment, July 2025: $202,000
Median days on market, September 2025: 55
Percentage of homes sold above list price, September 2025: 19%
Percentage of homes with price drops, September 2025: 32%
Homeownership rate, Q1 2025: 68.1%

Sources: ATTOM, Redfin, U.S. Census Bureau

Mortgage options in Utah

These are some of the most common types of loans for homebuyers in Utah:

Utah conventional mortgages: To qualify for a conventional mortgage, you’ll need a minimum credit score of 620 and a debt-to-income (DTI) ratio of no more than 45 percent. With a down payment of less than 20 percent, you’ll need to pay private mortgage insurance (PMI) as well.
Utah FHA loans: If your credit history disqualifies you from a conventional mortgage, you might be able to obtain a loan insured by the Federal Housing Administration (FHA). If you have a credit score of at least 580, you may be eligible for an FHA loan with a down payment as low as 3.5 percent.
Utah VA loans: If you’re a veteran or an active-duty member of the military, you may qualify for a mortgage guaranteed by the Department of Veterans Affairs (VA). A VA loan won’t typically require a down payment, and you won’t have to pay for mortgage insurance, but you will need to pay a funding fee, which ranges from 1.25 percent to 3.3 percent of the loan amount.
Utah USDA loans: If you’re buying a rural property in Utah, you might be eligible for a mortgage guaranteed by the U.S. Department of Agriculture (USDA). USDA loans don’t require a down payment, but you’ll need to purchase in a designated rural area and meet the area’s income limits.

Learn more: Types of home loans

First-time homebuyer programs in Utah

Utah Housing Corporation, the state’s housing finance authority, offers several programs for low- and moderate-income first-time homebuyers, including:

FirstHome: The FirstHome mortgage offers a competitive interest rate for first-time buyers who have a credit score of 660 or better.
First-Time Homebuyer Assistance Program: Borrowers can receive up to $20,000 to use toward a down payment or closig costs on a newly-constructed home. Its purchase price must not exceed $450,000. The funds don't need to be repaid unless the recipient sells the home.

Learn more: Utah first-time homebuyer assistance programs

How to find the best mortgage rate in Utah for you

Step 1: Strengthen your credit score

Long before you start looking for a mortgage lender or applying for a loan, give your finances a checkup, and improve your credit score if needed.
Step 2: Determine your budget

To find the right mortgage, you’ll need a good handle on how much house you can afford.
Step 3: Know your mortgage options

There are a few different types of mortgages.
Step 4: Compare rates and terms from several lenders

Rate-shop with at least three different banks or mortgage companies to find the best deal.
Step 5: Get preapproved for a mortgage

Getting a mortgage preapproval is the only way to get accurate loan pricing for your specific situation.

Learn more: How to get a mortgage

Additional mortgage resources

Mortgage Calculator

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Mortgage Lender Reviews

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Refinance Calculator

Estimate how much you could save by refinancing

Meet our Bankrate experts

Written by

Jeff Ostrowski Jeff Ostrowski

Writer and Housing Market Analyst

Utah mortgage and refinance rates

Utah mortgage and refinance rates today

Compare mortgage offers

Get rates based on your information

Review your options

Current mortgage rates in Utah

Refinance rates in Utah

National mortgage rates by loan type

How Bankrate collects mortgage rates

Utah housing market and mortgage statistics and trends

Mortgage options in Utah

First-time homebuyer programs in Utah

How to find the best mortgage rate in Utah for you

Step 1: Strengthen your credit score

Step 2: Determine your budget

Step 3: Know your mortgage options

Step 4: Compare rates and terms from several lenders

Step 5: Get preapproved for a mortgage

Additional mortgage resources

Meet our Bankrate experts

Article sources

Mortgage rates in other states