Current Utah mortgage rates, rate history, lender comparisons, and Dr. Haws' honest take on when to lock your rate.
Source: Freddie Mac Primary Mortgage Market Survey. *March 2026 rate is current estimate.
| Loan Type | Rate | APR | Monthly |
|---|---|---|---|
| 30-Year Fixed | 6.89% | 7.02% | $2,630 On $400K loan |
| 15-Year Fixed | 6.21% | 6.38% | $3,420 On $400K loan |
| 5/1 ARM | 6.45% | 7.15% | $2,510 On $400K loan |
| FHA 30-Year | 6.75% | 7.68% | $2,594 On $400K loan + MIP |
| VA 30-Year | 6.41% | 6.58% | $2,503 On $400K loan, no PMI |
| USDA 30-Year | 6.50% | 7.12% | $2,528 On $400K loan |
Rates are estimates for illustrative purposes. Actual rates vary by lender, credit score, and loan terms. Contact Dr. Haws for lender referrals.
Should you wait for rates to drop? The Fed is projected to cut rates 2-3 times in 2026. However, when rates drop, buyer demand surges and prices rise. The net effect is often a wash — or worse for buyers who waited.
The "marry the house, date the rate" strategy: Buy now at today's rate. When rates drop to 6% or below, refinance. You'll have locked in today's price and can get tomorrow's rate.
Rate float-down options: Ask your lender about float-down provisions — you lock a rate today but can drop to a lower rate if rates fall before closing. Usually costs 0.1-0.25% of loan amount.
Every 0.5% rate difference on a $500,000 loan = ~$150/month = $54,000 over 30 years. It pays to compare at least 3 lenders.
Dr. Haws can refer you to the right lender for your specific situation. Call (801) 915-4315 for a free lender match.
Dr. Haws works with 5 top Utah lenders. In 15 minutes, he can match you with the right one for your credit score, down payment, and goals — for free.