Current as low as Mortgage and Home Equity Rates
FreeRateUpdate publishes the as low as mortgage and home equity rates and APRs we can verify from the lenders and brokers in our network. Individual terms vary; the details and assumptions behind each figure are available below.
| Purpose | Product | Term | As low as rate | APR* |
|---|---|---|---|---|
| Purchase | Fixed mortgage | 30 years | 6.250% | 6.474% |
| Purchase | Fixed mortgage | 15 years | 5.500% | 5.847% |
| Refinance | Fixed mortgage | 30 years | 6.124% | 6.289% |
| Refinance | Fixed mortgage | 15 years | 5.625% | 5.937% |
| Refinance | Fixed mortgage | 10 years | 5.500% | 5.810% |
| Cash-out refinance | Fixed mortgage | 30 years | 6.375% | 6.595% |
| Home equity | HELOC | Revolving | 7.250% | 7.250% |
| Home equity | Home equity loan | Fixed term | 8.125% | 8.574% |
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Compare UT Mortgage Refinance Offers
Lower Your Interest Rate in Utah
If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Why should I lower my rate? |
Save money |
 |
Lower Payments |
Shorten Your Loan Term in Utah
Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.
Why should I shorten my term? |
Become mortgage-free quickly |
 |
Pay less interest |
Leverage Your Home's Equity in Utah
Take cash out of your home to apply to improvements, renovations, or other necessary expenses.
Why should I cash out? |
Renovations |
 |
Pay for other debts or emergencies |
Utah Mortgage Rates
With stunning natural beauty, low crime rates, and a straightforward tax policy, it’s no surprise that many people view the state of Utah as an ideal relocation destination. However, if you are thinking about picking up and moving to The Beehive State, the most important question on your mind should be whether the local interest rates and home values will make the move worthwhile.
Common Utah Loan Types:
- Utah conventional mortgages: Conventional mortgages are made by private lenders without FHA insurance or a VA guaranty. Loan availability, qualifications, down payment, mortgage insurance, rates, and fees depend on the lender, borrower, property, and program.
- Utah FHA loans: FHA-insured mortgages are made by FHA-approved lenders and are not limited to first-time buyers. Eligibility and down payment depend on the borrower and property; loan limits and mortgage insurance vary by location and loan details.
- Utah VA loans: VA-backed mortgages are made by private lenders for eligible borrowers who meet VA and lender requirements. Some qualified purchase borrowers may use no down payment, while entitlement, appraisal, occupancy, funding-fee rules and exemptions, and lender requirements still apply.
Program information: FHA (HUD) and VA.gov.
How to Compare Utah Mortgage Rates
Mortgage pricing available in Utah varies by loan type, lender, borrower profile, property, points, and market timing. Debt-to-income ratio, credit profile, loan-to-value ratio, reserves, and property details can affect the terms offered on a Utah mortgage.