Mortgage Refinance Rates in Utah (2026)
With Utah's median value near $530,000, a homeowner refinancing a typical $360,000 balance from about 7.50% to 6.25% saves roughly $301/month — breaking even on ~$9,000 of costs near month 30.
Refinancing in Utah comes in three flavors: lower your rate, shorten your term, or pull out equity to 80% LTV. 1 Utah county is high-cost, raising the conforming ceiling there.
Refinance snapshot by Utah county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Salt Lake County | $560,000 | $806,500 | Baseline |
| Weber County | $470,000 | $806,500 | Baseline |
| Utah County | $530,000 | $806,500 | Baseline |
| Davis County | $530,000 | $806,500 | Baseline |
| Cache County | $530,000 | $806,500 | Baseline |
| Tooele County | $530,000 | $806,500 | Baseline |
| Box Elder County | $530,000 | $806,500 | Baseline |
| Iron County | $530,000 | $806,500 | Baseline |
| Wasatch County | $530,000 | $806,500 | Baseline |
| Uintah County | $530,000 | $806,500 | Baseline |
| Sanpete County | $530,000 | $806,500 | Baseline |
| Sevier County | $530,000 | $806,500 | Baseline |
| Carbon County | $530,000 | $806,500 | Baseline |
| Duchesne County | $530,000 | $806,500 | Baseline |
| San Juan County | $530,000 | $806,500 | Baseline |
| Washington County | $560,000 | $806,500 | Baseline |
| Summit County | $1,200,000 | $1,249,125 | High-cost |
Should you refinance in Utah?
It comes down to your break-even. Take your closing costs (often 2-5% of the balance) and divide by your monthly savings — if you will stay in the home past that month count, refinancing usually wins. Cash-out makes sense when the rate and use of funds beat your other borrowing options.
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Frequently Asked Questions
- How much can refinancing save in Utah?
- On a $360,000 balance near the Utah median, dropping from ~7.50% to 6.25% saves about $301/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Utah for 2026?
- Most Utah counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.