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?

Search for Your New Home

1179 E Coyote Creek Way San Tan Valley, AZ 85143

$549,000
5 Beds
2.5 Baths
3,272 SqFt
Status Active
MLS # 6709440
Property Type Single Family Residence
Price Type --
Welcome to your pre-inspected, dream home in the highly sought-after Johnson Ranch subdivision. This immaculate property offers everything you desire in a home, ensuring a lifestyle of comfort, luxury, and endless entertainment. Enjoy the convenience of community amenities including 3 pools, walking/biking paths, golf courses, and abundant green spaces and parks. Bedrooms/Bathrooms: This spacious home boasts 5 bedrooms and 2.5 bathrooms, providing ample space for family and guests. Outdoor Oasis: Your own personal playground awaits with a stunning pool, jacuzzi, and a putting green, perfect for entertaining or unwinding in style. Relax knowing this home has been meticulously maintained and features numerous upgrades, including a newer HVAC system, soft water system, and pavers leading up to the spacious RV gate and parking area. Open kitchen overlooks the pool area and features modern appliances, making it perfect for hosting gatherings. The great room comes complete with an 82 LG television, conveying with the sale, ensuring endless entertainment for you and your loved ones. Retreat to the expansive upper primary suite, featuring a brand-new shower with 24 tiles, a spacious walk-in closet. Enjoy the convenience of a private water closet, glass block window, and double vanity sinks. Additional Details: Move-in ready condition, all televisions convey and Nest programmable thermostats included, Water softening system installed and owned. Don't miss out on the opportunity to own this exceptional home in Johnson Ranch. Schedule your viewing today and start living the lifestyle you've always dreamed of!

7710 E Gainey Ranch Road Unit 202 Scottsdale, AZ 85258

$549,000
2 Beds
2 Baths
785 SqFt
Status Active
MLS # 6706024
Property Type Apartment
Price Type --
the Perfect ''Lock & Leave'' or Primary Home for EASY LIVING. Nestled within the Heart of Scottsdale, in the Desirable Guard-Gated Community of Gainey Ranch. Tastefully Renovated Top to Bottom to include Two Full Bathrooms, Beautiful Carrara Marble throughout, Brand New Paint, Flooring, Lighting & Fans, Custom Roman Shades, Soft Water, Rev Osmosis, Refrigerator, Water Heater, Garage w/ Epoxy Floor & Extra Storage. Primary Bdr includes Custom Closets, Washer/Dryer, Full Bath & 2nd Private Patio. Enjoy State-of-the Art Gym & Workout Center, Olympic-Sized Pool, Tennis/Pickle Ball, Walking Paths, Restaurants, Shops. Dues cover water/sewer/trash /pest cable/internet & more plus full use of this fabulous Community Center to enjoy events, wine tastings, & Resort Style Living. A MUST SEE! The Clubhouse offers Many Events & Wine Tastings, making for Resort-Style Living at its Finest. Minutes to everything you need, Major Freeways & Sky Harbor International Airport.

1121 E Jahns Drive Casa Grande, AZ 85122

$549,000
5 Beds
3 Baths
2,942 SqFt
Status Active
MLS # 6736963
Property Type Single Family Residence
Price Type --
Completely updated home with a built in pool and spa and 3 car garage! This spacious home has all new flooring, fresh paint and updated kitchen. Vaulted ceilings for a nice open feel. The kitchen features granite counters, gas stove and a beautiful tile backsplash. Gas fireplace. Both front and back yard are tastefully landscaped with mature plants and turf grass for easy maintenance. Cool off in the beautiful pebble tec pool with water features and a built in spa.

6229 E Pinchot Avenue Scottsdale, AZ 85251

$549,000
2 Beds
2 Baths
1,658 SqFt
Status Active
MLS # 6767757
Property Type Townhouse
Price Type --
Discover this rare 2-bedroom, 2-bath mid-century townhome in Scottsdale's iconic Golden Keys community! Ideally situated near the pool and clubhouse designed by Ralph Haver, this gem welcomes you with a bright entry and a cozy living area featuring classic tongue-and-groove ceilings—perfect for entertaining. The second bedroom boasts a built-in office, bookshelves, and twin hideaway beds for guests or workspace. Enjoy the updated dining area and kitchen, along with well-maintained plumbing and mechanics. Step outside to your private backyard oasis, showcasing spacious covered patio space, flagstone-like flooring, Tuff Turf, and a soothing water feature. This home offers the perfect blend of seclusion and central convenience—don't let this opportunity slip away! The updated dining area and kitchen are complemented by well-maintained plumbing and mechanics, ensuring a move-in ready experience. Step outside to a private backyard oasis that embodies Arizona Living, featuring a spacious covered patio, flagstone-like flooring, Tuff Turf, and a tranquil water feature. This home offers an exceptional balance of seclusion and central accessibility. Seize this opportunity today!

25226 N 131st Drive Peoria, AZ 85383

$549,000
3 Beds
2.5 Baths
2,254 SqFt
Status Active
MLS # 6738818
Property Type Single Family Residence
Price Type --
Welcome to The Views at Rancho Cabrillo! This is a new build home by Scott Communities. This one is the 4412 plan with 3 bedrooms plus den and 2.5 bathrooms. Includes gourmet kitchen featuring double ovens, microwave drawer, and gas cooktop. Beautiful white shaker cabinets and white quartz countertops. Great room layout with an eat-in kitchen. Large covered patio. Come out and see this home and beautiful north Peoria community!

2533 E Vista Bonita Drive Phoenix, AZ 85024

$549,000
3 Beds
2 Baths
1,460 SqFt
Status Active
MLS # 6752128
Property Type Single Family Residence
Price Type --
Great Family home in perfect central location with ease of access to the whole valley. This 3 bedroom, 2 bath home is well cared for and has very nice upgrades done to the kitchen and bathrooms. Home has an RO water system, water softener, industrial shelving in garage and custom automated window coverings. Vaulted ceilings create a spacious environment for your living room and master bedroom. Beautiful flooring throughout with tile and new wood floors. New AC in 2017. New floors in 2021. Natural grass backyard with paver walkways and mature trees creates a nice relaxing area to enjoy. 3 miles to Desert Ridge Marketplace. 2 miles to Costco. Come take a look at this gem before it is gone!

1904 S Dexter -- Mesa, AZ 85209

$549,000
3 Beds
2 Baths
2,233 SqFt
Status Active
MLS # 6752553
Property Type Single Family Residence
Price Type --
NEW ROOF SEPT 2024! Amazing floor plan with great flow, 3 huge bedrooms plus over-sized den can easily convert and 2 full baths. Immense primary suite and all secondary bedrooms and den are much larger than the norm. No carpet in the home. Washer/Dryer &Refrigerator convey. Storage galore, neutral interior walls, and large lot with producing Citrus trees. Access to the Community Pool and Tennis Courts is exclusive to Sierra Ranch II residents. Home has been lightly updated and is priced to reflect. New Exterior Paint 2021, Patio Resealed 2021, Carrier R410a Refrigerant HVAC regularly maintained, Newer Water Heater and Soft Water System. Well Maintained Home in a highly desirable community with easy access to the 202 and US 60. Great schools and plenty of shopping just around the corner.

11165 E Segura Avenue Mesa, AZ 85212

$549,000
5 Beds
3 Baths
2,566 SqFt
Status Active
MLS # 6753677
Property Type Single Family Residence
Price Type --
Beautiful 2 story home in the desirable community of Bella Via in Mesa with 2566 Square Feet of living space. Huge backyard to entertain family and friends. Stylish granite counter tops in kitchen with massive pantry, tile flooring, new paint in the interior of the home and new carpet upstairs in all the rooms. This amazing floor plan features 5 bedrooms and 3 baths. Located in Southeast Mesa Tech Corridor with major growth development. Community has multiple parks and nearby amphitheater! Close to shopping, restaurants and freeways.

2517 E Highland Street Mesa, AZ 85213

$549,000
3 Beds
2 Baths
1,872 SqFt
Status Active
MLS # 6756519
Property Type Single Family Residence
Price Type --
No HOA Neighborhood. Convenient Mesa Location. This home has been Updated/Upgraded. New ROOF. POOL! New Carpet in the bedrooms. Home Features 3 Bedrooms, 2 Bathrooms & a Den! Kitchen and bathrooms have been updated. Main Bath has a door leading out to the backyard. The large Eat In Kitchen has Granite Counter Tops and plenty of cabinets. Family Room right off the kitchen which leads out to the covered patio and POOL. Formal Living room. Separate Laundry Room. Backyard has an RV gate and pad to park toys. Two car garage. Seller is offering $5000 in concessions. Walking Distance to schools. Close to the 202, 60 and 101. Close to Sky Harbor, ASU, Golf, Hiking, Tempe Marketplace, Mesa Riverview, dining, shopping, Cubs spring training. Must See Today.

2171 S Portland Avenue Gilbert, AZ 85295

$549,000
5 Beds
2 Baths
2,146 SqFt
Status Active
MLS # 6761929
Property Type Single Family Residence
Price Type --
Discover your dream home with the ideal combination of space, convenience, and community! This stunning single-story gem, perfectly situated on a corner lot, offers both privacy and prime location. With quick highway access, your daily commute or weekend adventures are a breeze. You'll love being just steps away from a beautiful park and the refreshing community pool—ideal for family gatherings or a peaceful escape. Featuring 5 generously sized bedrooms, there's room for everyone to spread out and enjoy. Plus, the roof is less than a year old, providing long-term peace of mind. Located in a highly desirable neighborhood, this home has everything you're looking for. Make it yours today! 🏡✨

41209 N Laurel Valley Court Anthem, AZ 85086

$549,000
2 Beds
2 Baths
2,039 SqFt
Status Active
MLS # 6778775
Property Type Single Family Residence
Price Type --
The location is perfect with panoramic views of Ironwood golf course and features one of Anthem's best floor plans. It's open and welcoming but gives a sense of separation as well. This home is just the right size for full-time residents or winter visitors, featuring 2 bedrooms, office/bonus room, laundry room and a 2 car garage. The large great room/dining room combination feels spacious with many furniture placement options. Lovely 3 sided fireplace and media wall separates this area from the kitchen/family room that also features a nice breakfast nook right off the kitchen with glorious views of the large patio and golf course. With plenty of cabinets, this kitchen features a large island, granite slab counters, SS appliances, gas cooktop and is convenient with easy access to the to the to the patio for outside entertaining. Primary bedroom/bath offers double sinks, walk-in shower, soaking tub and a large walk in closet. Second guest bedroom/bath feels like a private ensuite, located at the other end of the home. Large extended patio with pavers and views of the golf course along with mature landscaping make this a peaceful and tranquil backyard setting. New HVAC 8/21, Dishwasher 2/24, garbage disposal 11/23 & hot water heater 2023. Other upgrades include Soft water, R/O & garage cabinets. Come and enjoy all that the Anthem Country Club has to offer today.

1530 E Roosevelt Street Phoenix, AZ 85006

$549,000
3 Beds
2 Baths
1,580 SqFt
Status Active
MLS # 6777565
Property Type Single Family Residence
Price Type --
Exceptional Remodel in the heart of Historic Garfield, blending modern finishes with timeless charm and SOLAR OWNED system included. This beautifully reimagined home offers a spacious master suite with French doors leading to the private backyard, an ensuite bathroom with dual vanities, a large walk-in closet, and premium finishes throughout. NEW Trane high quality HVAC system(2022), new water softener and hot tub. The gourmet kitchen features quartz countertops, custom cabinetry, a tile backsplash, and high-end appliances. Throughout the home, you'll find 5-panel doors, adding to its refined style. For garden lovers, this property is a Certified Wildlife Habitat with over 10 varieties of fruits and edibles, creating a unique outdoor oasis. The backyard offers complete privacy, a fire pit, night landscape lighting, and one of the best hammock spots in Garfield! Additionally, the home boasts a private spa, owned solar system, and desirable north-south exposure. Don't miss this rare gem in the vibrant Downtown Phoenix area!

Leave a Reply

Your email address will not be published.