A mortgage is a big part of achieving your financial goals. MoneyGeek's guide will help you find the right loan option based on your needs. See current refinance rates in Utah in the table below.
Today’s Refinance Rates in Utah
Utah's homeowners usually refinance their mortgages to have lower interest rates or modified loan terms. The average Utahn with a mortgage pays roughly $1,261 per month, which is $102 more than the national average.
![Banner image](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_484/v1711548722/Mortgage_e5302938c2.png)
![](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_100,b_white/v1654693852/Katherine_Kurtz_headshot_Katherine_Kurtz_fd788e5db8.jpg)
Katherine Kurtz, PhD
Managing Editor
Katherine Kurtz, Ph.D., is the Managing Editor at MoneyGeek, with 15 years of experience in academic and content editing. She holds a doctorate in philosophy from Villanova University, where she also worked as an adjunct professor and the managing editor of *Hypatia*, a peer-reviewed feminist philosophy journal. Kurtz believes in "education as a practice of freedom" (bell hooks) and seeks to empower herself and others by openly sharing financial knowledge and resources.
![](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_100,b_white/v1654693852/Katherine_Kurtz_headshot_Katherine_Kurtz_fd788e5db8.jpg)
Katherine Kurtz, PhD
Managing Editor
Katherine Kurtz, Ph.D., is the Managing Editor at MoneyGeek, with 15 years of experience in academic and content editing. She holds a doctorate in philosophy from Villanova University, where she also worked as an adjunct professor and the managing editor of *Hypatia*, a peer-reviewed feminist philosophy journal. Kurtz believes in "education as a practice of freedom" (bell hooks) and seeks to empower herself and others by openly sharing financial knowledge and resources.
Updated: January 18, 2024
Advertising & Editorial Disclosure
Current Refinance Rates in Utah
- Column 1Column 2Column 3
Mortgage Refinance Rates From Top Lenders
What Is a Good Refinance Rate in Utah?
In Utah, a 15-year fixed-rate mortgage (FRM) has an average interest rate of 4.38%, slightly below the national average of 4.45%. Similarly, the average interest rate on a 30-year FRM in the state is 5.18%, lower than the national average of 5.30%. Although these refinance rates are presently less expensive than nationwide mortgage averages, Utah's 5/1 adjustable-rate mortgage (ARM) of 4.36% is above the national average of 4.19%.
When refinancing your mortgage, there's nothing wrong with looking for a "good" or low-interest rate. However, you should consider more than just the interest rate. How much interest you can afford to pay, for instance, will depend on your finances and your credit history.
Mortgage lenders offer different refinance rates in Utah, so it's wise to get quotes from several of them. This is to help you find a rate that best fits your specific needs. Don't wait too long before applying for a mortgage because rates change nearly every day.
Estimate Your New Monthly Mortgage Payment
Use MoneyGeek's mortgage calculator to estimate your monthly payment after a refinance. Input your mortgage information and Utah's average rates above. Keep in mind that personal details like debt-to-income ratio and credit score will affect your actual rate.
By Mandy Sleight, Licensed Insurance Agent
Frequently Asked Questions About Refinance Rates in Utah
If you're looking to refinance your Utah home, the first step is to gather information. We've put together FAQs about mortgage refinancing in Utah to help you make an informed decision.
Many factors go into determining the best refinance rate for you. Today's average Utah refinance rates range from 4.36% to 5.18%, depending on loan type.
Mortgage refinancing could mean big savings on your monthly payments. However, if you are not going to lock in a lower rate, it's not a good deal.
The average refinance rate in Utah for a 30-year fixed-rate mortgage is 5.18%. The best deals in the state are around this figure or lower.
Currently, 4.38% is the average interest rate for a 15-year fixed-rate mortgage loan in Utah.
For a 5/1 adjustable-rate mortgage in Utah, the interest rate should be around 4.36%.
Read More on Mortgages
sources
- FRED. "Mortgage Rates." Accessed July 13, 2022.