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.
Extending a rate lock on an Arizona refinance runs 0.125 to 0.375 points, about $500 to $1,500 on a $400,000 loan. Letting it expire triggers worst case pricing, which costs far more. 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).