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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24098 N Wheat Road Florence, AZ 85132

$550,000
3 Beds
2.5 Baths
2,407 SqFt
Status Active
MLS # 6755862
Property Type Single Family Residence
Price Type --
This stunning residence features a rare, massive RV garage and RV gate! Step into the backyard oasis where a sparkling pebble-tec pool awaits, framed by a beautiful travertine deck and a spacious covered patio—ideal for relaxing and entertaining. Inside, the modern home boasts sleek stainless steel appliances, island with elegant granite countertops, and a convenient walk-in pantry. Enjoy the vibrant community amenities including a playground, basketball court, and green spaces—perfect for fun weekends! Hurry before this opportunity is gone!

4443 E Camino De Cafe -- Hereford, AZ 85615

$550,000
4 Beds
2 Baths
1,912 SqFt
Status Active
MLS # 6756980
Property Type Single Family Residence
Price Type --
Beautiful 4 bedroom, 2 bath home on .88 acres, surrounded by mountain and valley views. Home amenities include granite throughout, tile flooring throughout living spaces and in office, carpet in bedrooms. Spacious master bedroom, master bath includes soaking tub and spacious walk-in shower with rain glass. Large walk-in closet through bathroom. Kitchen includes all appliances. Each room installed with cable/internet, fiber throughout. Water softener attachment installed, gas grill attachment installed for future outdoor kitchen, and electrical outlet for jacuzzi spa. Ground mounted solar and garden shed included. Walled back yard with covered porch.

21341 W Bobwhite Way Wittmann, AZ 85361

$550,000
3 Beds
2 Baths
1,622 SqFt
Status Active
MLS # 6757776
Property Type Single Family Residence
Price Type --
This 3-bedroom, 2-bathroom horse property is perfectly situated on a 1.25 acre lot. Featuring modern amenities and updates throughout, ensuring you enjoy both style and functionality. The kitchen has new SS appliances, granite counters and a spacious island. Bathrooms have been updated with granite counters and bedrooms have new flooring. The property is fully gated with automatic gate and separation. It's the perfect canvas for your horses or other livestock. There is plenty of room for stables and arena. You'll simply love the space and tranquility of country living, this property offers the ideal blend of comfort and potential.

2236 W Aston Drive Queen Creek, AZ 85144

$550,000
4 Beds
2.5 Baths
2,560 SqFt
Status Active
MLS # 6758921
Property Type Single Family Residence
Price Type --
Welcome to this beautiful well appointed home. This spacious 4 bedroom + den and 2.5 baths sit on a huge lot for outdoor entertaining. The huge kitchen has a massive island and a huge stainless built-in freezer fridge. The quartz countertops and white cabinets gives a sense of elegance which overlooks the huge great room. Plantation shutters are throughout the entire house with ceiling fans in every room. The garage is an over height 3 car tandem arrangement for that extra workshop area. There is an RV gate that leads to the backyard with sails covering the raised vegetable and flower beds. The backyard also has been pre-wired for a spa. Rainwater capture system located on the northeast corner of house and plastic storage box on west side of house does not convey with sale.

12388 W Hazelwood Street Avondale, AZ 85392

$550,000
5 Beds
3 Baths
3,434 SqFt
Status Active
MLS # 6760099
Property Type Single Family Residence
Price Type --
Your dream corner lot property is here! This 5-bed gem boasts a 2-car garage, an RV gate, tasteful stone accents, and a front porch! Discover an inviting living room with vaulted ceilings, a soothing palette, blinds, and wood-look flooring. The great room is perfect for relaxing evenings. Cook gourmet meals in the kitchen, equipped with wood cabinetry, recessed lighting, essential built-in appliances, a pantry, and an island with a breakfast bar. You'll also find a versatile den ideal for an office. The sizeable main bedroom offers soft carpeting, balcony access, an ensuite with dual sinks, and a walk-in closet. Enjoy a breath of fresh air and serene views on the balcony. The spacious backyard includes a covered patio, stylish pavers, and pristine artificial turf. Make this gem yours!

300 N Gila Springs Boulevard Unit 181 Chandler, AZ 85226

$550,000
4 Beds
2.5 Baths
1,937 SqFt
Status Active
MLS # 6761447
Property Type Townhouse
Price Type --
Enjoy Luxury living in this gated community. Beautiful contemporary condo that has never been lived in full time and it shows! Main level consists of a tandem garage, laundry, kitchen, dining room, family room, half bath and large patio. Second level has three nice sized bedrooms, full bath and loft area. Top floor is for the entire primary suite. Enjoy a large kitchen with stainless appliances, pantry and bar seating. The formal dining room and family room are right off the patio making it great for entertaining guests. The guest rooms on the second level are split with a bathroom in between and a loft area can be used for fitness equipment, office or quiet reading space. The primary level is a dream for condo living. The bedroom has a patio large enough for chairs and a table so you can enjoy sunrises and sunsets. Lots of storage for linens and towels that leads you to the ensuite with dual sinks, private toilet room and a massive walk in closet! This gated community has a pool, spa, basketball hoop, fenced in grass area with picnic table and ample open parking. This particular unit is on the end making you only share one wall with no one below or above you. The owners spared no expense with this unit when it came to upgrades! They literally upgraded every single option you could do! Sit on the all turf patio with cute market lights and enjoy a glass of wine while you marvel in the architecture of this community. Furniture available of separate bill of sale.

27280 S State Route 89 Highway Congress, AZ 85332

$550,000
2 Beds
2.5 Baths
2,735 SqFt
Status Active
MLS # 6763756
Property Type Single Family Residence
Price Type --
Don't miss this incredible opportunity to own a versatile property with two parcels, totaling 1.13 acres. This unique offering features a vintage 2,735 sq ft home, once a charming restaurant. Inside, you'll find new flooring, beautiful wood-beamed ceilings, vintage posts, corbels, and period-style light fixtures, adding character to every corner. The property boasts two separate living quarters, and a guest studio making it perfect for multi-family living or rental opportunities. In addition, there's a spacious 2,100 sq ft detached metal building, ideal for vehicles, equipment, or storage. With a 30x70 ft garage door for easy access, this building offers endless possibilities. The property benefits from prime frontage on Hwy 89 and offers ample parking, making it perfect for a business venture or investment. While the main building has vintage charm and may need some TLC, it's brimming with potential. Whether you're looking for a rental income opportunity or a unique home, this property is full of possibilities!

20034 N 273rd Lane Buckeye, AZ 85396

$550,000
3 Beds
2.5 Baths
2,478 SqFt
Status Active
MLS # 6765303
Property Type Single Family Residence
Price Type --
ENDEAVOR MODEL WITH A SPOOL ON A LARGE CORNER LOT! 2,478 sq. ft. of living space. 3 Bedroom, Flex Room, & 2.5 bath. Main living areas feature wood floors! Great Room fireplace, floor outlet, & SS speakers. Kitchen w\ Quartz counters, soft close drawers & cabinets, glide-out shelves, center island, large walk-in pantry, & R.O. system. Owners' Suite w\door to patio, power blinds, low threshold tiled shower w\glass door & seat, dual sinks, toilet room & large walk-in closet. 2 Guest bedrooms are adjoined by a Jack & Jill bathroom, w/a tiled shower & seat, perfect for guests! Hallway bath w/pedestal sink. Laundry room with sink. 4 ft Extended Garage with water softener & overhead storage. Private walled backyard w\ext Kool Deck & paver patio, spool w\water feature, roller shades & SS speaker

2130 Remington Drive Sierra Vista, AZ 85635

$550,000
4 Beds
2 Baths
2,247 SqFt
Status Active
MLS # 6764103
Property Type Single Family Residence
Price Type --
Welcome to this stunning 4-bed, 2-bath home! This spacious home features a semi-open floor plan, perfect for entertaining. The home includes large energy efficient windows allowing plenty of natural light throughout. The kitchen is equipped with modern appliances and a center island, perfect for gatherings. The master suite offers a tranquil retreat including an en-suite bathroom featuring a soaking tub, dual vanities, and a walk-in closet. Step outside to your private oasis! Enjoy your own sparkling in-ground pool and spa, perfect for year-round fun. Relax under the covered patio which features two automated shades. The backyard includes low maintenance lush landscaping and lawn all completely irrigated.

4245 S 247th Drive Buckeye, AZ 85326

$550,000
5 Beds
3 Baths
3,694 SqFt
Status Active
MLS # 6765716
Property Type Single Family Residence
Price Type --
This stunning former model home is move in ready with updated flooring and fresh paint throughout. Situated in the serene neighborhood of Rancho Vista. Offering 5 bedrooms, 3 full baths, a 3-car garage and backyard oasis perfect for Arizona outdoor living. Step inside and be greeted by the separate formal living and dining area. Continue into the heart of the home, the stunning gourmet kitchen with all new cabinets, boasting expansive granite countertops and backsplash. Enjoy the seamlessly connected kitchen, dining room and family room. Downstairs, you'll also find a large laundry room, a guest bedroom and fully remodeled bathroom. Venture outside through double doors and discover your own private oasis, where meticulously designed landscaping sets the stage for relaxation and entertainment. Enjoy the low-maintenance artificial turf, a 40ft covered patio with mist system, a soothing waterfall, built-in firepit with seating and a relaxing hot tub. Upstairs, a spacious loft with built- ins ads additional entertainment space. You'll also find three secondary bedrooms and remodeled full bath. Retreat to the expansive owner's suite through double doors, where a soaking tub, separate walk-in shower, double sinks, and a large custom walk-in closet await. Welcome Home!

16222 N 161st Drive Surprise, AZ 85374

$550,000
4 Beds
3 Baths
2,166 SqFt
Status Active
MLS # 6766768
Property Type Single Family Residence
Price Type --
Cul de sac home, updated from top to bottom, including the heated pool. On top of that, an outdoor kitchen with pizza oven! Backyard paradise with fruit trees, grape vines, hydroponic system and huge covered patio. Sunny kitchen eat-in kitchen is open to family/great room and has beautiful granite counters, island, an added coffee bar, lots of cabinets, counter space and pantry. Large living/dining room with flex space, a guest bedroom, full bath and laundry room round out the lower level. Upstairs, a large primary suite with walk-in closet, dual sinks, separate tub and shower. Two ample bedrooms with Jack and Jill bath. Solar system with low monthly loan payment means low energy costs overall. Close to great shopping, dining, spring training and Loop 303. This home has everything!

560 S 197th Avenue Buckeye, AZ 85326

$550,000
4 Beds
3 Baths
2,369 SqFt
Status Active
MLS # 6767143
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This stunning four-bedroom, three-bathroom residence combines rustic charm with modern luxury. With captivating beamed ceilings and breathtaking mountain views, you'll experience tranquility just minutes from major retail areas. The four well-appointed bedrooms provide ample space for family and guests, each with large windows that let in plenty of light The spacious gourmet kitchen features a high-end gas range and elegant tile floors. Cozy evenings await in the living room, where large windows flood the space with natural light. This home offers a paid off solar system and great savings. Step outside to a covered patio perfect for entertaining, complete with a gas fire pit for cozy nights. Golf enthusiasts will love the three mini putting greens.

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