Find the lowest Arizona mortgage rates from some of the top mortgage lenders, who are willing to compete for your business. Get AZ mortgage rates from up to 4 different lenders serving the great state of Arizona. Choose the home loan that best fits your needs and makes you feel the most comfortable.
As you probably know, Arizona is not the most affordable housing market in the country. Home prices have risen quite a bit in recent times, similarly mortgage rates seem to be on the rise as well . This makes mortgage shopping important in Arizona. Rising mortgage rates make fixed rate mortgages more attractive especially considering that rates are still very good compared to historical averages. Many Arizona mortgage loan shoppers also opt for reverse mortgages to help maintain their lifestyle. A reverse mortgage should not be chosen hastily, because it does not help build home equity.
Other Information about Banks in Arizona
There are approximately 45 insured banks in Arizona with assets of nearly $50 billion.
The banking industry in Arizona is regulated by the Department of Banking. Nationally chartered institutions do not come under the jurisdiction of the Arizona Department of Banking, including Bank of America, Bank One, Wells Fargo Bank, Desert Schools Federal Credit Union, and Arizona Federal Credit Union.