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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29621 N 129th Lane Peoria, AZ 85383

$675,000 - 2Br/2Ba -  for Sale in Trilogy At Vistancia Parcel C4, Peoria
Open House
$675,000
2 Beds
2 Baths
1,580 SqFt
Status Active
MLS # 6760570
Property Type Single Family Residence
Price Type --
STUNNING 'Monaco' model located on a gorgeous WASH LOT with partial GOLF COURSE VIEWS. This home has 2 Beds, 2 Baths + Den. Large, open floor plan is perfect for entertaining.Kitchen includes NEW LG French-door refrigerator, Premium Staggered Cabinets w/ convenient roll out drawers, trash/recycle, large pantry and R/O. PRIVATE BACKYARD boasts a COVERED PATIO with lovely TRAVERTINE Pavers. Patio overlooks a gorgeous HEATED POOL WITH WATERFALL, with Desert WASH & Partial GOLF COURSE view. FULLY FENCED wrought iron view fence. Resort living at its finest. PREPAID LEASED SOLAR-6.16 kW (Installed 2014) SheaXero Energy Efficient. EXTERIOR HOME, Fence & Garage Door PAINTED 2023. 4 FT. EXTENSION in garage, Epoxy & built in CABINETS, Softwater System & Pedestrian Door. Incredible CURB APPEAL! PAVER FRONT WALKWAY/PORCH, professionally landscaped with artificial turf in the front & back with PVC drip system & automatic timer. The den includes CUSTOM BUILT-IN bookshelves, work area, filing cabinet that overlooks the exquisite backyard & endless views. Both Bedrooms include CALIFORNIA CLOSETS Custom organizing systems, NEW TILE in Primary Bed and great views of backyard. Great Room has Custom built-in entertainment media center with crown molding, Surround sound with subwoofer. Perfect for entertaining inside & out. Make this dream home your own. This home is located in award-winning gated, 55+ Trilogy at Vistancia with 5-star-resort style amenities at the 35,000 SF Kiva Club with indoor & outdoor pools, fitness center, day spa, cafe, billiards, meeting rooms, library, tennis courts, pickle ball, bocce ball, events & a plethora of activities to choose from. Outstanding Gary Panks-designed golf course is woven throughout the original part of the neighborhood. The Mita Club has additional outstanding community amenities. Easy access from Trilogy to the 303, shopping, restaurants, entertainment, Lake Pleasant & Paloma Park, Peoria's huge community park loaded with amenities.

27794 N Sierra Sky Drive Peoria, AZ 85383

$675,000 - 5Br/3Ba -  for Sale in Westwing Mountain Phase 2 Parcel 29, Peoria
Open House
$675,000
5 Beds
3 Baths
3,081 SqFt
Status Active
MLS # 6767127
Property Type Single Family Residence
Price Type --
Welcome to this exceptional 5-bedroom, 3-bathroom residence in Westwing Mountain, featuring a private pool and stunning curb appeal with low-maintenance landscaping. The well-appointed kitchen boasts sleek stainless steel appliances, granite countertops, and a central island perfect for casual dining and entertaining. Ample pantry space provides additional storage.Ascend to the second level to find the luxurious primary suite, complete with dual sinks, a separate soaking tub, and a spacious walk-in closet. The thoughtful floor plan promotes seamless indoor and outdoor entertaining, with easy access to the covered patio and inviting pool area. This home offers numerous inviting spaces for relaxation and social gatherings. Conveniently located just minutes from hiking trails and parks, this property is a true oasis for both comfort and recreation.

16619 S 27th Avenue Phoenix, AZ 85045

$675,000 - 4Br/4Ba -  for Sale in Foothills Reserve Parcel D, Phoenix
Open House
$675,000
4 Beds
3.5 Baths
3,125 SqFt
Status Active
MLS # 6773372
Property Type Single Family Residence
Price Type --
Welcome to your dream home located in Foothills Reserve Community! With 4 beds, 3.5 baths, a 2-car garage, & a cozy front porch, it tastefully blends modern design & comfortable living. Beautifully upgraded interior boasts wood-look flooring, graceful archways, fresh neutral paint, soaring ceilings, clerestory windows, & a seamlessly flowing living & dining room ideal for receiving guests. Harmonious great room offers a clear view of the backyard. Open-concept kitchen is equipped with abundant cabinetry topped with crown moulding, recessed lighting, SS appliances, desk area, a prep island with a breakfast bar, & granite counters. Sizable loft is excellent for a study or TV area. Spacious primary retreat features an ensuite with two vanities, a separate shower & tub, & a walk-in closet. PLUS! 2nd main bedroom, with its own bathroom, provides privacy for guests. Enjoy fantastic mountain views from the serene backyard with a covered patio & artificial turf. This gem is ready for you to move in & enjoy!

6351 E Waltann Lane Scottsdale, AZ 85254

$674,999
3 Beds
2 Baths
1,587 SqFt
Status Active
MLS # 6755121
Property Type Single Family Residence
Price Type --
Looking for a MOVE IN ready home in the magic zip code of 85254? THIS IS IT! Welcome to Waltann Ln .. an updated 3 bedroom, 2 bath home ready for you to bring your clothes, put up your feet, relax and enjoy. With an open floor plan .. but plenty of separate spaces .. a fantastic kitchen that overlooks the backyard and den .. and perfectly sized bedrooms .. this home is perfect as a primary home, a home away from home or as an investment property. In the backyard, you'll find a refreshing play pool, an above ground hot tub, fire pit and a fantastic covered patio for some al-fresco dining. With NO HOA, easy access to the 101 and 51 and minutes from the amazing shopping and dining at Kierland, Scottsdale Quarter and Desert Ridge .. Waltann Ln is sure to be the one.

454 E Hackamore Street Mesa, AZ 85203

$674,999 - 3Br/2Ba -  for Sale in High Meadows, Mesa
Open House
$674,999
3 Beds
2 Baths
2,052 SqFt
Status Active
MLS # 6778415
Property Type Single Family Residence
Price Type --
Completely renovated modern Spanish farmhouse style home in the heart of Mesa. This home has all the bells and whistles, and no stone has been unturned. Awesome split ranch layout that provides total privacy for the master. Everything is new in this home, including stylish waterproof & scratch-proof flooring throughout. At the heart of the home is a chef's kitchen with plenty of shaker cabinets, a gorgeous 6' square quartz waterfall island, and all GE Profile stainless steel appliances. The kitchen includes a herringbone backsplash for that extra touch of elegance. Huge open floor plan that's ideal for large gatherings of family & friends. Luxurious tile work in both the master and hall bath with Kohler sinks and matte black Delta faucets. Stylish doors and moldings throughout with four sets of barn doors with custom heavy-duty hardware that all slide like butter. A beautiful 48 rustic barn door leads into the large master bath, which includes a private toilet. Matte black windows with 3 sets of sliders open to a yard featuring a large turf area, herringbone patio with special lighting, and a Pergola that screams five-star resort living. Brand new 5-ton AC unit and a freshly painted roof with Kool Seal paint help reduce energy costs up to 30% per manufacturer. Custom deco wall in the dining area, shiplap walls, and sleek benches by the front foyer add those extra special touches. Stylish flaked epoxy garage floor and beautiful lighting fixtures throughout are just the icing on the cake. Great schools and a serene, peaceful neighborhood complete the package. This is the house you've been waiting for, so run, don't walk!

5393 Crescent Edge Drive Prescott, AZ 86301

$674,999 - 2Br/2Ba -  for Sale in Granite Dells Estates Phase 2a & 2b, Prescott
Open House
$674,999
2 Beds
2 Baths
1,656 SqFt
Status Active
MLS # 6783801
Property Type Single Family Residence
Price Type --
PRICE IMPROVEMENT !! MOTIVATED SELLER... Beautiful Former Model Home in the beautiful Granite Dells neighborhood. This home features 1656 sq ft home, 2 bedrooms plus den/office, 2 full bathrooms, and an open floor plan. Custom tile fireplace, quartz counters, KitchenAid appliances, washer, dryer and refrigerator included! Tile shower with a separate tub in the primary bathroom. Energy efficient, Owned Solar, epoxy garage floors with built-in cabinets and work bench. Low maintenance landscaping. Spacious backyard for entertaining with new outdoor kitchen/ BBQ or enjoy the views and sunsets. Enjoy neighborhood amenities, which are recently upgraded, that include a pool, pickleball and workout room. Easy access to Prescott & Prescott Valley.

3419 W Thoreau Lane Anthem, AZ 85086

$674,998
5 Beds
4 Baths
3,366 SqFt
Status Active
MLS # 6750368
Property Type Single Family Residence
Price Type --
Live the Anthem Lifestyle! This MOVE IN READY home has an EXCELLENT FLOOR PLAN w/ 2 large flex rooms PLUS HUGE loft. Downstairs has the primary bedroom/bath PLUS 2nd bedroom & full bath. Upstairs has Large bedrooms, jacknjill bath & 4th bathroom. Wonderful features include; VAULTED ceilings,2 NEW HVAC, NEW Hot water Heater, NEW PAINT inside & out, NEW Granite, NEW jacuzzi showers, NEW LVP, carpet & more! Relax in the backyard oasis w/ extended covered patio, POOL, SPA & WATERFALL. A grassy park is across the street for neighborhood fun! The Anthem Community LIFESTYLE includes a 63 acre park w/ Big Splash Water Park, ball fields, large workout facility, tennis, Pickleball, Bball & volleyball courts, skate park, plus large pond! Minutes to I-17, outlet mall, restaurants & shopping!

3172 W Via Dona Road Phoenix, AZ 85083

$674,990
4 Beds
3 Baths
2,375 SqFt
Status Active
MLS # 6774426
Property Type Single Family Residence
Price Type --
Ask about special financing with preferred lender. The Great Room, kitchen and dining room share an open floorplan that serves as the heart of this single-level home, leading out to a covered patio through sliding glass doors. The owner's suite is privately tucked away at the back, while three more bedrooms and a bonus room complete the residence. Photos are renderings of a model home, not the actual home. A public report is available on the Arizona Department of Real Estate website.

18955 W Ocotillo Road Waddell, AZ 85355

$674,990
4 Beds
3 Baths
2,623 SqFt
Status Active
MLS # 6786158
Property Type Single Family Residence
Price Type --
QUICK MOVE-IN HOME! MOVE INTO YOUR NEW HOME BEFORE THE HOLIDAYS! SPECIAL FINANCING WITH BELOW MARKET INTEREST RATES AVAILABLE! MOVE-IN PACKAGES AVAILABLE! PLEASE INQUIRE ABOUT THESE SPECIALS ON THIS QUICK MOVE-IN HOME AND OTHERS. ACT SOON BEFORE IT IS TOO LATE! It's the beautiful Topaz with a lot large enough for an 8' gate. All bedrooms have walk-in closets. Pavers at drive, walk and entry. 12x8 sliding glass door off the extended covered patio. Stainless steel 36'' gas cooktop, wall oven, microwave, and glass canopy hood. Sonoma Linen-off white cabinets with pullout trash drawer. DT White Ice granite countertops in the kitchen with undermount single bowl sink. Garage service door, 8' tall garage door with two remotes. Upgrade flooring includes DT 6x36 vicinity Honey tile in all areas except bedrooms and closets. Dual sink in bath 2, gas stub for future BBQ, interior two tone paint and so much more. Please verify all information with onsite agent. Thank you!

18593 E Ranch Road Queen Creek, AZ 85142

$674,978 - 5Br/3Ba -  for Sale in Cortina Parcel 2, Queen Creek
Open House
$674,978
5 Beds
3 Baths
2,553 SqFt
Status Active
MLS # 6751752
Property Type Single Family Residence
Price Type --
Do not miss this beautifully remodeled 5 bedroom, 3 bath home in masterplanned community of Cortina in Queen Creek! Sitting on a corner lot, across from one of the community parks, the curb apeal is unmatched with new professional landscaping. The front porch is perfect for your morning coffee, watching the kids play or chatting with the neighbors. Walk inside and you are greeted by an open, light and bright floorpan! Just remodeled with new tile, upgraded carpet, cabinet doors, countertops, paint, fixtures, hardware and more! This dream kitchen offers lots of storage with white shaker cabinet doors, gorgeous quartz countertops and black accessories. Look out over the large island to the great room, with plenty of space for a large kitchen table, sectionals, couches or more! Perfect for spending quality family time or for entertaining. The primary suite is spacious and private with a spa like en suite! Offering Corian surrounds, separate tub and shower and a walk in closet with ample storage! The secondary bedroom with it's own en suite offer privacy for guests, or would be a perfect home office space! The split floorpan perfectly offers 3 more large bedrooms and bathroom. Out back is a true oasis with all new turf, plants and enough stamped concrete for dining or lounging! Do not miss out, schedule your appointment today!

29408 N 244th Drive Wittmann, AZ 85361

$674,950
5 Beds
2 Baths
3,100 SqFt
Status Active
MLS # 6773790
Property Type Single Family Residence
Price Type --
Remodeled custom home on premium corner lot. No HOA. Large lot that can accommodate guest quarters, RV storage, pool, or horse set up. Mountain views. Tiffany style chandelier in foyer. Archway with wood Vega poles. 3 skylights create light & bright interior. Stainless appliances. Large pantry. Master bathroom with freestanding shower, tub, & walk in closet. Laundry room with custom cabinets & built in wine cooler. Energy saving synthetic stucco. $Priced below appraisal(see doc tab).

2501 W Red Tail Way Prescott, AZ 86305

$674,900
4 Beds
3 Baths
2,396 SqFt
Status Active
MLS # 6781915
Property Type Single Family Residence
Price Type --
Beautiful home on over an acre of land. This 4 bedroom, 3 bath, 3 car garage home has two year old roof, stucco and paint, 3 year old water heater, and 3 year old appliances. Remodeled kitchen and baths, owned solar, newer well pump, fenced yard, large patio with views and all appliances included. Zoned for up to 2 horses. Close to town with the country feel.

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