The Fed meets October 28 and traders expect another 25 basis point hike. Here is what that does, and does not do, to a Scottsdale or Phoenix mortgage payment, with the numbers. Pillar Mortgage Group.
What is the mortgage lock-in effect in Arizona? Half of loans sit under 4%, and moving from a 3% loan to 7.28% adds $1,051 a month on $400,000. See your options. Pillar Mortgage Group.
Your 2-1 buydown is ending and the payment is stepping up. Should you refinance? On a $400,000 loan at a 6.75% note rate, a refinance saves just $17 a month. See the math. Pillar Mortgage Group.
Will mortgage rates hit 8% in 2026? The 10 year Treasury just touched 5.04% and the Fed hiked. Here is what it would take to reach 8%, what it costs Phoenix buyers, and how to plan. Pillar Mortgage Group.
Most Arizona lenders approve a debt to income ratio up to 45%, and some programs reach 50% or higher with strong credit and reserves. Here is how DTI works at today's 7% rates in Phoenix and Scottsdale. Pillar Mortgage Group, NMLS #2700076
Mortgage rate predictions for summer 2026 point to the mid-to-high 6% range, with Arizona 30-year rates near 6.63%. Here is what Fannie Mae and the MBA forecast for Phoenix and Scottsdale buyers. Pillar Mortgage Group, NMLS #2700076.
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).