The best mortgage rates in Phoenix start at 2.5% for an ARM

Let's start December with my picks for the best deals on home loans in the Phoenix area.

As always, I'm looking for the most favorable combination of low mortgage rates and reasonable fees.

To make my list, a mortgage must charge no points and loan origination fees of less than $2,000 -- exactly what anyone trying to buy or refinance a home should be looking for to control their up-front costs and keep monthly payments low.

Compare my picks with the best rates from other banks and finance companies in our database.

Our research provides real-time, accurate data on loans in Phoenix, across Arizona and throughout the country.

You can also determine what the monthly payments would be for the home loan you’re considering with our fixed-rate loan calculator or adjustable-rate calculator.

See if you can beat these deals.

Phoenix Mortgage Rates

Lender 30-year fixed 15-year fixed 5-year ARM
Valley Mortgage Financial 3.750% 3.250% 2.500%
Hunter Financial Group 3.750% 3.125% 2.500%
Absolute Mortgage 3.750% 3.125% 2.375%
AimLoan.com 3.750% 3.125% 2.500%
Loan Depot 3.875% 3.250% 2.875%
Pinnacle Peak Lending 3.875% 3.250% 2.750%

Remember that rates change daily.

These quotes are from the end of the business day on Nov. 30, 2011, to borrow $210,000 for the purchase of a home with a 20% down payment.

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