Purchase applications fell 7% in one week and sit 18% below last year with the 30 year at 7.41%. What that means for Scottsdale and Phoenix buyers, the payment math, and where the leverage is. Pillar Mortgage Group.
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.
The best time to buy a house in Arizona is late September through October, before winter visitor demand arrives. NAR data puts fall about 5 percent under the June peak, but the West is the region least affected by seasonality. Pillar Mortgage Group, NMLS #2700076.
Most Arizona home sellers owe no capital gains tax. Live in the house 2 of the last 5 years and you exclude $250,000 of gain, or $500,000 married. Arizona also subtracts 25% of long term gain. Pillar Mortgage Group, NMLS #2700076.
Phoenix housing market August 2026: the Maricopa County median is near $504,900, supply sits around 3.6 months, and homes average about 73 days to sell. What that means for Phoenix and Scottsdale buyers and sellers, from Pillar Mortgage Group.
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).