Rate center
Today's Arizona mortgage rates, in context.
National market averages for today, plus what they mean for Mesa, Phoenix, and borrowers across Arizona. Your quoted rate depends on credit, equity, occupancy, and lock period.
Today's mortgage market
Updated October 8, 2026
30-Year Fixed
7.55%
Down0.04%15-Year Fixed
7.20%
Down0.02%30-Year Jumbo
7.70%
Down0.01%7/6 SOFR ARM
6.96%
Up0.01%FHA 30-Year
7.20%
Down0.02%VA 30-Year
7.21%
Down0.02%
Source: Mortgage News Daily — Daily Rate Index. Updated October 8, 2026.
Estimated principal and interest only, calculated at national market averages. Calculator results are estimates only. The 7/6 ARM figure reflects the introductory rate, which can adjust later.
Source: Mortgage News Daily — Daily Rate Index. Updated October 8, 2026.
Your Rate May Be Different.
National averages are only a starting point. Russell Capital Mortgage works with multiple wholesale lenders to compare pricing based on your individual financial profile and financing goals.
How a 7/6 SOFR ARM works
The Mortgage News Daily 7/6 SOFR ARM market average is 6.96%. That introductory rate is fixed for the first seven years only. After that, the rate adjusts every six months based on the SOFR index plus a margin, within caps — so your payment can rise or fall. A fixed-rate mortgage keeps the same rate for the whole loan.
HELOC, DSCR, and specialty programs
Rates vary based on borrower qualifications, property, occupancy, loan structure, and market conditions. Contact Russell Capital Mortgage for current pricing.
Lock comparison
15, 30, 45, and 60-day locks price differently. We show the cost of each before you commit.
Points and credits
Buy the rate down or take a lender credit toward closing costs — we model both.
Float-down options
Some lenders let you re-price once if the market improves. We'll tell you when it's worth it.
Rates shown are national market averages reported by Mortgage News Daily for informational purposes only and are not a commitment to lend or an offer of a specific interest rate. Actual rates and APRs vary based on credit profile, loan amount, loan-to-value, property type, occupancy, loan program, points, lock period, and market conditions. Not all applicants will qualify. Russell Capital Mortgage is licensed in Arizona only.
Lock in the right rate.
Start your application online at your own pace, or talk to a licensed advisor first. Either way, your next step stays clear.