Utah Mortgage Rates — Week of April 20, 2025

Where Utah Mortgage Rates Stand This Week

Welcome to your weekly mortgage rate update for Utah homebuyers and homeowners. If you have been watching the market, you will be glad to know rates have remained relatively stable this week, giving buyers a bit of breathing room as we head further into the spring home buying season.

Current Rates as of April 20, 2025

Here are todays rates for popular loan programs:

• 30-Year Fixed: 6.875%
• 15-Year Fixed: 6.125%
• FHA 30-Year Fixed: 6.625%
• VA 30-Year Fixed: 6.500%

What is Moving the Market This Week

Mortgage rates have held fairly steady as investors digest the latest economic data. Inflation reports continue to show gradual cooling, which helps keep rates from climbing higher. The Federal Reserve has signaled a patient approach to any future rate adjustments, and that stability is reflected in what we are seeing in the mortgage market.

Global economic uncertainty and ongoing geopolitical tensions are also contributing to the current rate environment, keeping some downward pressure on yields.

What This Means for Utah Buyers

Stable rates are good news if you are shopping for a home in Utah right now. It means your purchasing power is not shrinking week over week, and you can plan with more confidence. At 6.875% on a 30-year fixed loan, monthly payments are manageable for many buyers—especially with the variety of down payment assistance programs available.

If you are considering a refinance, the 15-year fixed at 6.125% could be worth exploring if you want to pay off your home faster and save on total interest.

For military buyers and veterans, the VA loan at 6.500% remains an excellent option with its zero-down benefit and competitive rates.

Ready to See Your Personalized Rate?

These are todays published rates, but your actual rate depends on your credit score, loan amount, down payment, and other factors. The best way to know exactly what you qualify for is to get a personalized quote.

Check our real-time rates page for live updates, or start your application today and let one of our loan officers find the best program for your situation.

Disclaimer: Rates shown are for informational purposes and subject to change. Individual rates depend on credit score, loan amount, down payment, and other factors. Contact an IFL loan officer for a personalized quote.