Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!

If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:

Freddie Mac

“While full employment and rising inflation are signs of a strong economy, they also have the potential to push mortgage rates and house prices up. The higher rates and higher prices create significant affordability concerns, which may continue to characterize the housing market for the rest of 2017.”

Lynn Fisher, Vice President of Research & Economics for the Mortgage Bankers Association

“By the time we get to the fourth quarter of this year, we will still be under 5 percent – we are thinking 4.7 percent…Something north of 5 percent by the time we get to 2018, and by the time we get to 2019, we show fourth-quarter rates hitting 5.5 percent.”

Mark Fleming, First American’s Chief Economist

“Despite some regional disparities, title agents and real estate professionals do not expect increasing mortgage rates to have a significant impact on the housing market this spring. Continued good economic news, increasing Millennial demand and confidence that buyers will remain in the market even if rates exceed 5 percent bode well for 2017 real estate.”

Len Kiefer, Deputy Chief Economist for Freddie Mac

“We will probably see rates higher at the end of year, around 4.5%.”

Bottom Line

If you are feeling good about your family’s economic future and are considering making a move to your dream home, doing it sooner rather than later makes the most sense.  Give me a call for more information – J.P. Cook – 602-320-4253.

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6109 S 68th Avenue Laveen, AZ 85339

$549,000

5 Beds

3 Baths

3,402 SqFt

Status Active

MLS # 6781655

Property Type Single Family Residence

Price Type --

Your new home is waiting for YOU! This well maintained home offers 2 car garage, extended driveway for extra parking, RV gate, and low maintenance front yard. Incredible inside offers plank style laminate and tile, No carpet, 5 bedrooms, 3 baths, formal living & dining rooms, den/office that could easily be used as another bedroom, and large loft area can be used for a bonus room or pool table. Chef's kitchen is comprised of Stainless Steel appliances, Gas Stove, island, mosaic backsplash, walk-in pantry, and ample counter/cabinet space. Upstairs master suite includes walk-in closet, full bath, dual sinks, separate tub, and step-in shower. Huge backyard has built-in BBQ & covered patio extended with pavers. The Lot is almost 1/3 Acre! HUGE RV Gate area and plenty of space to use it! 3 Bay Garage/ 2 door entry, tone of extra space. Whole house sprinkler system. Close to Freeways, Sprouts, Home Depot and restaurants. Trailside Point community park features a fishing lake, water splash pad and covered play area. The Laveen Schools are rated A+! Don't miss this opportunity!

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11407 W Duane Lane Peoria, AZ 85383

$549,000

3 Beds

2.5 Baths

1,902 SqFt

Status Active

MLS # 6782259

Property Type Single Family Residence

Price Type --

This Stunning 3 Bedroom 2.5 Bath Features a Chefs Kitchen with gas Cooktop and Quartz Countertops, Built in Microwave and Oven, New RO System 10/2024. Stainless Steel Refrigerator Backsplash pendant lighting and a Large Pantry. Master bath has a Tiled super shower with rainfall Shower Heads, Jack and Jill Bath connects other Bedrooms. Raised vanities and Walk in Closets in all Bedrooms. Half a bath in hall way.8 ft doors highlight the interior with 5 1/4 Baseboards and upgraded lighting and fixtures, Matte Black throughout. The home also has Wood look Porcelain Tile and Upgraded Honeywell Thermostats with remote Via App. A 12' Multi Glass Sliding Door Leads to to an Extended Covered Patio and a Fully Landscaped Back Yard. Other Features Include Satellite Rewired, Water softener .

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22807 E Via Del Palo -- Queen Creek, AZ 85142

$549,000

3 Beds

2 Baths

1,710 SqFt

Status Active

MLS # 6783813

Property Type Single Family Residence

Price Type --

Gorgeous 3 bed 2 bath Queen Creek gem. This must see home has loads of upgrades in all the right places. Tucked on a corner lot, on a sweet tree lined street in the highly desirable Harvest at Meridian community. Thoughtful builder upgrades including premium tile in all main living areas and upgraded carpet in the EXTENDED bedrooms. A premium cabinet package that has been professionally refinished, custom backsplash, gas cooktop, EXTENDED garage, upgraded bathroom package, premium countertops, high soft close toilets, upgraded electrical outlets, spray foam insulation, new pendant lighting, custom screen door, soft water system, custom sunscreens, complete with a 100K backyard Oasis, featuring gorgeous green turf and a stunning oversized 6 1/2 ft deep pool with Baja step and waterfall. Multiple walk-in closets, and loads of charm throughout. Complete with amazing community amenities. Including a splashpad, community pool, community garden, playground, walking paths, within walking distance to highly desirable Queen Creek schools. Close to amazing shopping, dining and entertainment alike. Enjoy fireworks from Schnepf Farms multiple times a year from the backyard patio, just 7 minutes to Frontier Family Park, 6 minutes to Schnepf Farms, and only 5 minutes to Queen Creek Olive Mill Market. With amazing freeway access this beautiful home sits right in the heart of Queen Creek.

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714 N Fox Hill Circle Payson, AZ 85541

$549,000

3 Beds

2 Baths

1,695 SqFt

Status Active

MLS # 6784866

Property Type Single Family Residence

Price Type --

Step into this beautiful single level home in Woodhill Subdivision, nestled into a beautiful cul-de-sac lot with lots of mature natural trees. Very private backyard which backs to undeveloped land, south side has a large dog turn out which allows for more privacy. This home features an open floor plan which provides a seamless flow between living, dining and kitchen. Living room boasts with large windows giving it lots of natural lighting, vaulted ceilings, cozy fireplace adds warmth and charm! This is a 3 bedroom, 2 bath, split floor plan, vaulted ceilings, electronic blinds on some of the windows, walk-in closet, en-suite with dual sinks and walk in tiled shower. Private backyard with covered patio Don't miss out on this one!

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