Where Are Mortgage Interest Rates Headed in 2018?

Where Are Mortgage Interest Rates Headed in 2018? | Simplifying The Market

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

Where Are Interest Rates Headed? | Simplifying The Market

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.

According to CoreLogic’s latest Home Price Index, national home prices have appreciated 7.0% from this time last year and are predicted to be 4.2% higher next year.

If both the predictions of home price and interest rate increases become reality, families would wind up paying considerably more for their next home.

Bottom Line 

Even a small increase in interest rate can impact your family’s wealth. Let’s get together to evaluate your ability to purchase your dream home.

What’s Your Home Worth?

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8856 E Via De Luna Drive Scottsdale, AZ 85255

$1,675,000
3 Beds
3 Baths
3,030 SqFt
Status Active
MLS # 6747334
Property Type Single Family Residence
Price Type --
Stylish 3-bed, 3-bath residence in North Scottsdale's most charming gated community, Canada Vistas. This 3,030 sq ft home sits in a quiet cul-de-sac, offering a light and bright kitchen with quartz countertops, built-in breakfast bar, Dacor gas cooktop, Wolf double oven, and ample storage space. The family room, with a beverage center including beverage refrigerators, seamlessly connects to the kitchen. With a split floor plan, the owner's suite offers a massive walk-in shower, dual sinks, and a spacious closet, and two additional bedrooms and an office. The interior of this gorgeous home is bathed in natural light, and provides views of the yard featuring a covered patio, heated pebble Tec pool, spa, waterfall, custom BBQ island, fireplace, flagstone, and synthetic grass area. Additional

7400 E Gainey Club Drive Unit 109 Scottsdale, AZ 85258

$1,675,000
3 Beds
3 Baths
1,990 SqFt
Status Active
MLS # 6774100
Property Type Townhouse
Price Type --
The new definition of luxury in Gainey Ranch! Incredible remodel, extraordinary finishes, beautiful mountain and golf course views and steps to the Club House. Some of the finishes include 150 yr. old Handcrafted European Oak Floors, 1850's Kentucky Barnwood, Quartz Counters, Alder Cabinets and Teak Vanity. Enjoy all that Gainey Ranch has to offer (New $8M Club House, golf, tennis, pickleball, gym, Olympic pool and spa) while residing in the newest, most opulent condo available! Do you want special features not found in the other units? How about an enlarged master closet and A/C Garage. End unit with two outdoor spaces. 3rd Bedroom is currently set up as an office. Extensive lists of upgrades can be found in Documents.

3315 N Tova Trail Prescott, AZ 86305

$1,675,000
3 Beds
3 Baths
2,824 SqFt
Status Active
MLS # 6752764
Property Type Single Family Residence
Price Type --
Experience the charm of custom craftsmanship with this exquisite Western-style estate, nestled just minutes from downtown Prescott on a 3.2-acre lot. The primary residence, is 2,689 sq ft of elegantly appointed living space, features 10-foot coffered ceilings, 8-foot doors, clear alder wood cabinetry, granite countertops, generous closet space, extensive storage, and a sizable laundry room. The open-plan living area is ideal for unwinding and hosting friends and family. The charming 1 Bed/1BR 614-square-foot guest house has its own garage included. This extra space is perfect for long-term family visits, a home office, or as a rental. Horse enthusiasts will appreciate the expansive outdoor area, which includes a two-horse stable with a tack room and heated water, a corral, and arena.

27029 N Javelina Trail Rio Verde, AZ 85263

$1,675,000
3 Beds
3 Baths
2,860 SqFt
Status Active
MLS # 6762449
Property Type Single Family Residence
Price Type --
Be prepared to be wowed. This is a gorgeous Mike Foster Custom Home with all the extras. An amenities sheet is in the listing for more details. The exterior design with stone accents and the custom front door with a 3 panel steel bronze and etched glass establishes the feel of quality. Step into the spacious greatroom with 12 ft high ceiling with handcrafted beams and elegant wood flooring. The kitchen has shaker cabinets, Monogram appliances with the quartzite countertops. Designer lighting and tiles in all bathrooms continue to delight visitors. Enjoy the beauty of your own pool and spa surrounded by travertine pavers and entertain with a built-in BBQ. This home has an ideal floor plan with 2 ensuite baths with each guest bedroom.The 3-car garage has extra storage and epoxy floor.

28623 N Sweep Court Rio Verde, AZ 85263

$1,675,000
3 Beds
3.5 Baths
2,681 SqFt
Status Active
MLS # 6756010
Property Type Single Family Residence
Price Type --
BRETHTAKING MOUNTAIN VIEWS FROM ELEVATED LOT OVERLOOKING THE 16TH GREEN! Plus, walking distance to the club amenities. Perfect for entertaining or enjoying a quiet relaxing evening. Popular Latigo floorplan has 2 bedroom suites plus a separate casita, spacious courtyard w/fireplace, private backyard, covered patio w/built-in fireplace & BBQ. Luxurious primary suite w/sliding doors to enjoy views, lavish bathroom, quartz counters, 2 walk-in closets; Kitchen with high-end appliances, large island, quartz counters; Great room with views, multi-sliding doors to the patio; Formal dining; Separate office w/built-in cabinets. Engineered floors, plantation shutters, recessed lighting throughout; Beautiful guest suite; Spacious casita, built-in cabinets, walk-in closet and bathroom. More... Den/Office w/built-in bookcases; Smart space/laundry, built-in desk, lots of storage; Powder room. Large backyard with spectacular views; 3 car garage, epoxy floors, built-in cabinets and electric charger. Experience Trilogy at Verde River, a stunning resort style community nestled against the beautiful Tonto National Forest. The amenities at Verde River are spectacular. The Community boasts an 18-hole Championship Golf Course with a picturesque driving range, putting green, and separate chipping/pitching practice areas. One visit and you will understand why the PGA Southwest Section selected Verde River Golf & Social Club to host the AZ Senior Open and AZ Match Play Championships in 2020, 2021 and 2022. The active lifestyle amenities continue with pickle ball and tennis courts, with Clubs designed for social or competitive play. Adjacent to the sport courts for your convenience are bocce ball courts and an open grass area for social gatherings. The Community Clubhouse is all encompassing including a critically acclaimed restaurant, Needle Rock Kitchen and Tap, with a hugely popular wine and beverage program, Helen's Kitchen, a chef's inspired kitchen designed for cooking classes, and The Market Place, a favorite of member's for grabbing a morning coffee or picking up a forgotten grocery item. Love the Arts? Spend time at the Art Loft, where classes are offered in a variety of disciplines. The Clubhouse has an Events Center, designed to manage the needs on any member event. Attached to the Community Clubhouse is Alvea Spa, complete with Spa and Salon services, and Afterburn Fitness, a state-of-the-art workout facility that offers a variety of group fitness classes. Following your workout, enjoy convenient locker room facilities, and steam rooms. Just steps away from the Clubhouse in the Resort Pool, Lap Pool, and Sauna, all of which are heated. Enjoy the view, with food and beverages at Eddy's Poolside. Have a dog? Experience a dog-friendly community with a 7.5-acre dog park, with canopy shading coming soon for those warm AZ days. Trilogy at Verde River's location provides residents with the tranquility of the Tonto National Forest and the convenience of a short drive to the heart of North Scottsdale. Get the best of both worlds and see why you could be calling the Community, Home!

36578 N Boulder View Drive Scottsdale, AZ 85262

$1,675,000
4 Beds
4.5 Baths
3,381 SqFt
Status Active
MLS # 6708862
Property Type Single Family Residence
Price Type --
Luxury meets tranquility in the prestigious neighborhood of Boulder Heights in N. Scottsdale. This luxury residence offers breathtaking city light, mountain and sunset views. With a spacious private entry courtyard with a carved stone water feature, and an expansive back patio featuring a heated pool with a soothing waterfall, outdoor kitchen and fire pit it guarantees endless opportunities for entertaining. Upon entering this single level home with its vaulted ceiling and prominent foyer it also features an inviting great room with wet bar and fireplace, large dining area and an open kitchen with high end appliances. All 4 bedrooms are ensuite - the owners suite includes a large walk-in closet, jetted tub and walk-in shower. All this just a short distance from hiking, shopping and entertainment in Cave Creek, Carefree and Far North Scottsdale.

34617 N Desert Ridge Drive Scottsdale, AZ 85262

$1,675,000
3 Beds
2.5 Baths
3,929 SqFt
Status Active
MLS # 6757544
Property Type Single Family Residence
Price Type --
Stunning Pinnacle Builder's former Model home nestled on a large ¾ acre south facing lot on the Legend Trail golf course. This immaculately maintained home boasts many elegant design elements including custom art glass entry door & windows throughout home, remote control blinds, & split floorplan w/large open spaces. The 3 car garage is insulated & air-conditioned w/ tiled flooring & 220v plug for EV charging. The back covered patio has a cozy fireplace & built-in BBQ w/mini fridge and leads to a gorgeous backyard w/negative edge pool & Pergola, perfect for enjoying the Sonoran Desert views! The entry foyer opens to an expansive Great Room/Entertaining area which flows to a luxurious kitchen featuring newer appliances, ample updated cabinetry, island, & walk-in pantry. A separate office showcases custom built-in bookcase/cabinetry w/ window seating. The Master has amazing reclaimed wood flooring, large sitting area, & oversized walk-in closet. There are two additional guest bedrooms w/ Jack n Jill bathroom. The Legend Trail amenities include Community Center, Pickleball & Tennis Courts, Gym, Heated Pool & Spa and numerous nearby hiking and biking trails.

210 E Ashwood Place Phoenix, AZ 85012

$1,675,000 - 4Br/4Ba -  for Sale in Ashwood Park, Phoenix
Open House
$1,675,000
4 Beds
3.5 Baths
3,290 SqFt
Status Active
MLS # 6751183
Property Type Single Family Residence
Price Type --
Exquisite Custom Home in a Prime North Central Phoenix Neighborhood on a dead-end Cul-De-Sac Lot. No cars drive in front of this house. Walking distance to the famed Uptown Farmers Market and the Central Ave Bridle path. Built in 2017, Move in ready. Close to Brophy/Xavier, Sunnyslope, Madison Simis, Madison Meadows Day School and downtown hospitals. Hard Wood floors, Vaulted Ceilings, Shiplap walls, Heated Pool, Tankless Water Heater, Soft Water System, In Ceiling Speakers, Alarm System, Control 4 Smart Home System, backyard Turf, Split Bedroom/Bathroom mother-in-law suite and Tesla charger in garage.

1 Howell Avenue Bisbee, AZ 85603

$1,670,000
6 Beds
8.5 Baths
5,098 SqFt
Status Active
MLS # 6712946
Property Type Single Family Residence
Price Type --
Stunning & very well maintained Multi-Use Historic Building in the heart of Bisbee AZ's Historic District. 6 Bedrooms 8.5 bathrooms, separate office. Run a business & live upstairs in one of the best climates of S. Arizona! At a desirable 5,500 ft elevation you can experience all 4 seasons, gorgeous mountain views, world-class birding & hiking, award winning restaurants & quaint coffee shops. Bring your family & friends & make this a destination home! Want short term rentals? This is the space to do it! Currently operated as a highly successful boutique hotel w/ a manager & staff in place. 60 seat Restaurant space comes w/ all existing equipment. Zoned Commercial, however the possibilities are endless, convert to a huge living space or have retail downstairs, live upstairs. This is it! *Room 3 upstairs is a full apartment with complete kitchen. Seller Carryback Financing terms available for qualified buyers.

6125 E Hodges Street Cave Creek, AZ 85331

$1,670,000
4 Beds
3.5 Baths
4,025 SqFt
Status Active
MLS # 6769293
Property Type Single Family Residence
Price Type --
Exceptional Location! This stunning home is situated on one of the largest premium lots, featuring a highly sought-after south-facing backyard that opens to serene views of the surrounding open space. The desirable ''Robert'' model is designed to showcase the expansive views, spacious yard & sparkling pool through its dramatic wall of stacking glass doors, seamlessly blending indoor and outdoor living. Every detail has been thoughtfully curated with high-end finishes throughout, including luxurious slab granite, custom cabinetry, & soaring ceilings that enhance the spaciousness. The timeless, hand-scraped wood flooring adds warmth and elegance. The chef's kitchen is a true centerpiece perfect for entertaining with a s/s Wolf gas cooktop, convenient pot filler, Subzero refrigerations, R/O farm sink, walk-in pantry and adjacent to a butler's pantry complete with a wine refrigerator. The split master retreat offers tranquil views of the sparkling pool & features tray ceilings, plantation shutters, & dual closets outfitted with custom luxury closet systems. The spa-like master bath has been beautifully updated with sleek quartz countertops, stylish backsplash, freshly painted cabinets, and custom make up desk delivering a modern touch to a classic design. 6 closets have been outfitted with custom organization systems. This home perfectly blends elegance, comfort, and luxury in a highly desirable location within a gated community. See our features sheet for a list detailed amenities.

19759 N 83rd Place Scottsdale, AZ 85255

$1,665,000
3 Beds
3 Baths
2,290 SqFt
Status Active
MLS # 6783022
Property Type Single Family Residence
Price Type --
Welcome to this completely furnished, turn-key home situated on the 7th hole of the prestigious Grayhawk Golf Course. Enjoy ultimate privacy with breathtaking views of the mountains and fairways beyond. This stunning home features an open great room floorplan, a fully upgraded kitchen with a spacious breakfast bar, walk-in pantry, and panoramic golf course views. The luxurious primary suite is complemented by two additional guest bedrooms, all with remodeled bathrooms showcasing premium fixtures and finishes. Step into your resort-style backyard, designed for entertaining and relaxation. Highlights include a heated diving pool with spa, covered patio, $6,000 DCS outdoor kitchen grill, and a free-standing fireplace for cozy Arizona evenings. All furnishings, linens, kitchenware, and artwork are included, making this home move-in ready. Experience the perfect blend of luxury, privacy, and golf course living. The Grayhawk Golf Club is open to everyone with two leading public courses, several dining options, rentable spaces, and beautiful views! Walking distance to world class golf, restaurants, shopping community pool and walking trails. Nearby hiking and quick access to the 101. This home is a true desert oasis!

3910 E Sheila Lane Phoenix, AZ 85018

$1,665,000
3 Beds
3 Baths
2,346 SqFt
Status Active
MLS # 6762088
Property Type Single Family Residence
Price Type --
Looking for the perfect lock and leave? Welcome to the serene, gated community of The Villas at Baker Park. Designed to maximize the sky-high ceilings and the abundance of natural light this luxurious 3 bedroom 3 bath open-concept floor plan seamlessly blends all living spaces, creating a vibe that's light and airy. Beautiful wood floors, custom built-in cabinets, handmade ceramic pendant lighting and soft linen window coverings are just a few highlights that show off the home's character and sophistication. The bonus room is ideal for an office, den, game room or can be used as a 4th bedroom. The expansive family room, with 16ft ceilings, large windows and sliding glass door, allows for natural light to flood the room. The chef's kitchen features a professional Wolf 36 Gas Range, Sub-Zero appliances and an oversized Quartz Island. The primary bedroom entices with its generous size, en-suite bathroom, and large walk-in closet. Step outside to the low maintenance backyard featuring high quality turf and a limestone paved patio. The community offers a range of amenities, including a resort like swimming pool, spa, BBQ, dog park and green space providing a convenient and luxurious lifestyle. Within walking distance, you can enjoy some of Arcadia's best coffee shops, bakeries and restaurants including La Grande Orange. Don't miss this opportunity to make it yours!

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