The Fed raised its benchmark rate a quarter point on September 16, 2026, its first hike since 2023, and the 30-year fixed is near 7.19%. Here is what Arizona buyers and homeowners should actually do now. Pillar Mortgage Group, NMLS #2700076
A quarter point Fed hike raises the prime rate the next business day, which lifts your Arizona HELOC payment about $16 per month on a $75,000 balance. Your fixed first mortgage does not change. Pillar Mortgage Group, NMLS #2700076
ARM applications hit 8.5% of volume, the highest since June, as the average ARM rate of 5.82% undercut the 6.85% 30 year fixed. Here is who should actually use an adjustable rate mortgage in Phoenix and Scottsdale, and who should not. Pillar Mortgage Group, NMLS #2700076
Brent crude is up about 47 percent year over year, and that is why Arizona mortgage rates are near 6.71 percent instead of falling. Here is the chain from a barrel of oil to your Phoenix payment, and what to do about it. Pillar Mortgage Group, NMLS #2700076.
Markets now price roughly 90% odds of a September 2026 Fed rate cut after a weak August jobs report. Here is what it actually means for Arizona mortgage rates and Phoenix buyers. Pillar Mortgage Group, NMLS #2700076
The average 30 year fixed mortgage rate hit 6.69% in early August 2026, the highest in 11 months. Here is what is driving Arizona rates higher and what it means 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).