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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14015 N Hampstead Drive Fountain Hills, AZ 85268

$648,000
3 Beds
2 Baths
2,122 SqFt
Status Active
MLS # 6760210
Property Type Single Family Residence
Price Type --
Welcome to your ideal home! This single-story gem boasts 3 beds, 2 baths, and a spacious 2-car garage, spanning 2122 square feet of comfortable living space. As you step inside, you're greeted by the charm of beamed ceilings and a focal fireplace, creating a cozy ambiance. The home features energy-efficient windows and sliders installed in 2022, along with a new HVAC system for optimal comfort year-round. Enjoy the convenience of a circular driveway & the beauty of pavers & turf in the backyard, perfect for low-maintenance yet stylish outdoor living with no HOA!

21632 N 58th Drive Glendale, AZ 85308

$648,000 - 4Br/2Ba -  for Sale in Arrowhead Lakes 1 Replat Lt 1-204 A-h J-n P-r, Glendale
Open House
$648,000
4 Beds
2 Baths
2,388 SqFt
Status Active
MLS # 6776336
Property Type Single Family Residence
Price Type --
A beautiful, move-in ready home for sale in sought-after neighborhood of Arrowhead Lakes! The soaring 10'+ ceilings in the formal living room welcomes you in once you open the front door. Honey maple cabinetry in the kitchen, and all interior doors were custom-built honey maple doors. Huge primary bedroom with a patio door to the backyard oasis; tiled walk-in shower in primary bathroom with a jetted tub; RV gate, 3-car garage, fresh paints in common area, utility sink in the good size laundry room, and this house is sitting in a huge lot over 11,000 sqft in a cul-de-sac. A+ schools, convenient to shoppings, freeways and more. Come see this gem today!

840 W Flatiron Trail Apache Junction, AZ 85120

$647,990
4 Beds
3.5 Baths
2,664 SqFt
Status Active
MLS # 6750838
Property Type Single Family Residence
Price Type --
Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender. This elegant single-story Parklane floor plan features four bedrooms and a spacious flex area, perfect for use as an office, TV room, or study. The home includes front yard landscaping and will be move-in ready by Nov/Dec. Conveniently located near community parks, grocery stores, and dining options.

2508 E Nancy Lane Phoenix, AZ 85042

$647,900
4 Beds
2.5 Baths
2,569 SqFt
Status Active
MLS # 6757871
Property Type Single Family Residence
Price Type --
Your new dream home comes complete with a white picket fence and mountain views! Ideally located within a gated community, this north/south facing property has SO many extras! Premium lot next to a walking path to the east. Enter your private front courtyard through a wrought iron gate. Once inside, you'll love the stunning chef's kitchen with HUGE walk-in pantry, granite counters, backsplash tiles added to large island, pendant lights, R/O system and large drawers under the cooktop. Primary bath features a walk-in shower with dual shower heads, two sinks and a barn door. Other extras include tankless water heater, laundry sink, three car garage with separate one-car garage stall perfect for a workshop and a spacious backyard. This one is SPECIAL...make it yours!

33309 N Maverick Mountain Trail San Tan Valley, AZ 85144

$647,755
4 Beds
3 Baths
2,837 SqFt
Status Active
MLS # 6713882
Property Type Single Family Residence
Price Type --
Beautiful new single-story home in Sentinel at Oro Ridge. Featuring 4 bedrooms, 3 bathrooms, and an attached 3 car garage, this luxurious home is loaded with designer selections. The Executive Kitchen has a Banco diamond sink, backsplash, and a 12' multi panel sliding glass door. Highlights throughout the home include Sonoma painted harbor cabinets with 42'' uppers, quartz countertops, wood look tile, and upgraded carpets. 12' ceilings can be found in the great room. There is also a separate tub/shower with an enlarged tub. The attached 3 car garage features a garage service door. In the back yard there is a gas line installed to the patio for a future BBQ and pavers at the driveway and front porch in the front yard. Enjoy walking and biking paths, a playground, and more!

7033 N 16th Place Phoenix, AZ 85020

$647,500
3 Beds
2.5 Baths
1,958 SqFt
Status Active
MLS # 6778426
Property Type Single Family Residence
Price Type --
Find the perfect balance of modern convenience and serene living in this beautifully remodeled North Central patio home, nestled within the highly sought-after Monteil Townhomes community. Built in 1998 and thoughtfully updated, this 3-bedroom, 2.5-bath retreat features vaulted ceilings in the entry, den, and family room, creating an inviting and spacious atmosphere. Recent upgrades include a new roof and air conditioner (2020) and updated stainless steel appliances, making the timeless kitchen a cooking sanctuary with custom cabinetry and a handy eat-in space. The third bedroom doubles as an ideal home office, perfect for today's work-from-home lifestyle. The backyard, with its tranquil fountain and paver walkway, offers a peaceful escape, easily accessible from both the primary bedroom and the living area. Storage is ample with a two-car garage equipped with built-in cabinets. Monteil Townhomes are rarely available, and this gem offers lush patios, abundant natural light through large windows and skylights, and easy access to the Arizona Canal Trail just steps from your door. Whether you're an outdoor enthusiast or someone who appreciates proximity to dining and shopping, this home provides it all.

11049 E Quartet Avenue Mesa, AZ 85212

$647,000
4 Beds
3 Baths
2,280 SqFt
Status Active Under Contract
MLS # 6766763
Property Type Single Family Residence
Price Type --
This stunning 4-bedroom, 3-bathroom corner lot home sits on a sprawling 13,542 sqft lot, offering both luxury and space! With 2,280 sqft of living area, this home features a family room, great room, and an Arizona room, all with tall ceilings, tile flooring, and soft carpet, and large windows that flood the space with natural light. The split primary bedroom includes a full bathroom and a walk-in closet. The kitchen features granite countertops, a large island, a pantry, and beautiful wood cabinets, along with both formal and eat-in dining areas. Outside, enjoy a screened-in patio, a covered patio with a built-in BBQ, and a private heated pool and spa, all set in a professionally landscaped yard with turf and gravel stones. Additional features include a 3-car garage and an RV gate!

22803 S 215 Street Queen Creek, AZ 85142

$647,000
4 Beds
2.5 Baths
2,702 SqFt
Status Active
MLS # 6780283
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated home that seamlessly combines contemporary style, energy efficiency, and a prime location. From the moment you step inside, you'll be captivated by the vibrant, modern feel, with soaring ceilings and elegant architectural details throughout. The newly squared doorways, along with freshly painted interiors, create a fresh, inviting atmosphere. The home has been thoughtfully updated enhancing its stylish, turnkey appeal. The kitchen is a standout feature, boasting granite countertops, a custom tile backsplash, stainless steel appliances, including a brand-new dishwasher, and custom cabinetry. A spacious pantry is ready to accommodate all your culinary needs, whether you're shopping at Costco or whipping up (click more) gourmet meals at home. The large primary suite offers a true retreat, featuring a spa-like bathroom with modern barn doors and breathtaking views of the golf course and mountains. It's the perfect place to unwind and enjoy peace and tranquility. The guest bedrooms are generously sized and offer plenty of storage, while the stylish bathrooms ensure comfort for family and visitors alike. A versatile office or loft space offers flexibility for your needswhether you're working from home or relaxing in your personal sanctuary. Step outside to discover a spectacular backyard with a beautiful pool, lush artificial turf, and multiple lounging areas that provide both sun and shade. Whether you're hosting friends, soaking up the sun, or enjoying a quiet moment at sunset, you'll be surrounded by breathtaking golf course and mountain views. Energy efficiency is key in this home, which is equipped with a new solar panel system, HVAC systems (2), and a new roof, lowering your energy costs and your carbon footprint while adding to the overall appeal. Community Amenities: Golf Pickleball Tennis Pool (heated) Fitness center Community events This home truly has it allstyle, comfort, energy efficiency, and a prime location with incredible views. Whether you're looking to entertain or relax, this home offers everything you need for modern living in a vibrant, welcoming community. Don't miss your chance to own this incredible home! Come tour today!

25985 W Tonopah Drive Buckeye, AZ 85396

$646,999
5 Beds
4 Baths
4,067 SqFt
Status Active
MLS # 6755613
Property Type Single Family Residence
Price Type --
SELLER OFFERING $10,000 CREDIT TOWARDS CLOSING OR RATE BUY DOWN! Welcome to this stunning, massive home located in the desirable Festival Foothills community! Boasting over 4,000 sq. ft., this spacious property features 5 bedrooms and 4 full bathrooms, including 2 luxurious master suites and a convenient downstairs bedroom and full bath—perfect for guests or multi-generational living. ALL 5 BEDROOMS HAVE WALK IN CLOSETS. The large, entertainer's kitchen is ideal for hosting, with ample space and two pantries, including a walk-in. Enjoy a variety of living spaces with a formal sitting room, living room, and an upstairs loft, offering plenty of room for relaxation or activities. Home has assumable VA loan at 3.65%! Step outside to your own private oasis, complete with a beautiful pool and spa, highlighted by a rock waterfall slide. The home also features owned solar panelsno payments requiredadding incredible energy efficiency! Also includes new hot water heater and water softener system. With no carpet downstairs, ample functional storage throughout, and a 3-car garage, this home is both elegant and practical. Don't miss out on this extraordinary home, it won't last long!

15683 W Mercer Lane Surprise, AZ 85379

$646,694
5 Beds
4 Baths
3,475 SqFt
Status Active
MLS # 6760310
Property Type Single Family Residence
Price Type --
BRAND NEW COMMUNITY. LOCATION LOCATION LOCATION. This one is located East of the 303 and has great accessibility to shopping and freeways. This home is a wonderful 5 BR, 4 bath home with a loft and formal dining and a 3-car garage. Beautiful gourmet kitchen has a large island that opens up to the great room. Upgraded Painted Linen cabinets, quartz counters with a custom backsplash and gourmet appliances. This home has the sought after bottom floor bedroom and full bath as a guest suite. Upstairs you will love the large loft, large secondary rooms with walk in closets and the Owner's suite! Owner's suite has separate tub and shower, two walk in closets and separate vanities! THIS HOME WILL BE COMPLETED IN NOVEMBER. PHOTOS ARE OF A MODEL OF THE SAME PLAN COME SEE THIS ONE

5845 S Romano -- Mesa, AZ 85212

$646,589 - 3Br/3Ba -  for Sale in La Mira Phase 2, Mesa
New
$646,589
3 Beds
2.5 Baths
2,491 SqFt
Status Active
MLS # 6788617
Property Type Single Family Residence
Price Type --
MLS#6788617 March Completion! Explore the stunning Hillary floorplan at La Mira! This thoughtfully designed single-story home features 3 bedrooms, 2.5 baths, a study, and a game room. At its heart is an open-concept layout with a spacious gathering room, a chef-inspired island kitchen, and a cozy dining area. Sliding glass doors lead to an extended covered patio and a beautifully finished backyard. The secondary bedrooms share a Jack-and-Jill bath, while the private study is conveniently located near the front entry. The owner's suite, tucked at the back, offers a serene retreat with a walk-in closet and a luxurious en-suite bath. Structural options include: soft water loop, extended covered outdoor living, 12'x8' sliding glass door, game room, and gas line for future outdoor kitchen.

1199 N Melody Circle Chandler, AZ 85225

$645,900
4 Beds
3 Baths
2,997 SqFt
Status Active
MLS # 6734457
Property Type Single Family Residence
Price Type --
Motivated Seller; This stunning home sits on a pool-sized lot. 4 beds, 3 baths, an extra office, a bonus room, and a loft. (6/7 rooms). The separate living and family rooms allow you to spread out and enjoy. RV gate with a good-sized cement pad, and an extra storage room with A/C. The downstairs has a nice office with built-in cabinets and a large bedroom with a separate entrance to the outside. (perfect mother-in- quarters room) Upstairs has a loft with the 3 other bedrooms. A remodeled kitchen with a huge island opens to a large family room and views of the backyard. Both AC units are less than 1 year old. Newer paint, flooring, Blinds, fans, lights, etc. This home has so much to offer and is in a wonderful location. Hoa only $30.00 a month. Bring me some offers!

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