Mortgage Rates Highest Since 2023 in Arizona: What 7.28% Costs a Phoenix Buyer

Published on: 10/08/2026

Mortgage rates hit 7.28%, the highest since November 2023. On a $400,000 Arizona loan that is $251 a month more than a year ago. See the math and five ways to lower the payment. Pillar Mortgage Group.

Arizona Mortgage and Home Selling Guides

Straight answers on buying, refinancing, and selling a home in Scottsdale, Phoenix, and across Arizona, from Blake Hermann, Director of Lending at Pillar Mortgage Group (NMLS #2271358).

Conventional loans
FHA loans
VA loans
Jumbo loans
DSCR loans
Bank statement loans
Get pre-approved
Rates and fees

Book a 15 minute call