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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18950 W Stella Avenue Waddell, AZ 85355

$547,990
3 Beds
2.5 Baths
2,229 SqFt
Status Active
MLS # 6745702
Property Type Single Family Residence
Price Type --
The beautiful Irwin floorplan has a 3-car tandem garage, 3 bedrooms and two and a half bathrooms. 9' ceilings, wood plank style tile floorings throughout the home, 8' interior doors, gourmet kitchen package, kitchen tile backsplash and huge island makes this home the perfect spot to entertain! This home is built zero energy ready with spray foam insulation, 2 x 6 construction and 85% offset solar system included giving you a HERS rating in the single digits! This home is ready now!

2526 W Florentine Road Phoenix, AZ 85086

$547,900
4 Beds
3 Baths
2,187 SqFt
Status Active
MLS # 6768048
Property Type Single Family Residence
Price Type --
Impeccably maintained and thoughtfully designed, discover this North Phoenix gem in Tramonto—a sanctuary of elegance and comfort. Highlights include travertine flooring, custom shutters, and a cozy fireplace. Notable feature: FULL BEDROOM AND BATH DOWNSTAIRS for convenience. Enjoy the open kitchen with quartz countertops and cherry cabinets. Retreat to the primary bedroom sanctuary with a balcony and ensuite. Step outside to a charming backyard oasis with citrus trees. Additional features: 2-car garage, epoxy flooring, and pre-wired surround sound. Community amenities: pool, spa, sports courts, walking/biking paths. Prime location near Route 17, Lake Pleasant, shopping, and dining!

633 S Golden Key Street Gilbert, AZ 85233

$547,900
3 Beds
2 Baths
1,877 SqFt
Status Active
MLS # 6772178
Property Type Single Family Residence
Price Type --
Discover this beautiful CORNER LOT home just a short walk from DOWNTOWN GILBERT, nestled in a SAFE, well-developed community with endless walking paths, LAKES, and parks. Enjoy a spacious backyard featuring a COVERED PATIO and a sparkling, HEATED POOL/SPA—the perfect size for cooling off or heating up! (NEW pool heater/cooler (2023) This DESIRABLE FLOOR PLAN boasts a stunning front-to-back entry, a LARGE OPEN FAMILY ROOM/kitchen and dining area ideal for entertaining or game nights. Modern touches include GRANITE COUNTERS and newer appliances in convenient walk-through kitchen. Recent: NEW WATER HEATER (2024), NEW RO AND WATER TREATMENT SYSTEM/SOFTENER (2021), and a NEW ROOF (installed 10/2024). Located near A+ Gilbert schools, gyms, restaurants, shopping, and MORE! MOVE IN TODAY! and WATER SOFTENER (2021). 2 CAR GARAGE with storage and attice access. NEW ROOF installation 10/2024!! Perfect location NEAR RESTAURANTS, shopping, parks, schools and SO MUCH MORE!!

10927 E Cholla Road Mesa, AZ 85207

$547,500
3 Beds
2 Baths
2,381 SqFt
Status Active
MLS # 6724415
Property Type Single Family Residence
Price Type --
NEWLY UPDATED KITCHEN! Spread out & unwind in this expansive 3-BR home, the largest model in the community! The property boasts a friendly community with no HOA, giving freedom to personalize your space. The large primary bedroom suite provides a tranquil retreat and a bonus room addition perfect for a home office, nursery, or relaxation space. A large hall closet offers ample storage for all your belongings- never run out of space! Additionally, the abundance of crawl space storage throughout the home & multiple storage sheds provide ample room for all your treasures. Step outside and create lasting memories in your private backyard oasis. Elegant French doors with a retractable screen seamlessly connect your living space to the patio, creating a perfect indoor/outdoor flow. Enjoy al fresco dining under the covered patio, complete with charming pavers. A convenient dog door in the kitchen leads directly to a dedicated dog run, perfect for your furry friend. Upgraded panel doors throughout the home add a touch of sophistication, while the new front door sconces provide a warm welcome. 17 windows bathe the home in natural light, creating a bright and cheerful atmosphere. This home truly has it all! Don't miss your chance to own this exceptional property. Schedule your showing today and envision yourself living in this beautiful oasis!

1723 W Mercury Way Chandler, AZ 85224

$547,500
4 Beds
2.5 Baths
2,018 SqFt
Status Active
MLS # 6750702
Property Type Single Family Residence
Price Type --
Welcome to Rialto Hills! Walking /Biking Distance to Historic Downtown Chandler Restaurants/Entertainment! Talk About Low Energy Bills, The Solar System is OWNED!! Transfers With Sale, NO LEASE! Freshly Painted Interior 2024 & Updated Kitchen Plantation Shutters & Crown Molding Are Icing On The Cake! LOW LOW HOA Fees! Great Location, Great Home! Nestled on Interior Lot w/ the Ultimate AZ Orientation of South Facing Backyard! This 4 Bedroom/2.5 Bath Home. Splash Down in Your Swimming Pool, Outdoor Kitchen, Large Covered Patio & Updated Trane HVAC! Spacious Kitchen Opening to Great Room w/ Fireplace! Located Close to Award Winning Schools, Downtown Chandler Entertainment District, Price Corridor, Freeways, & Sky Harbor Airport!

7962 W Frier Drive Glendale, AZ 85303

$547,125
5 Beds
3 Baths
2,082 SqFt
Status Active
MLS # 6749466
Property Type Single Family Residence
Price Type --
This New single level 5-bedroom home is conveniently located in desirable Glendale! Minutes to shops, restaurants, entertainment and the 101 Hwy! Our Orinoco plan is expertly designed with Moden Loft inspired 'LOOKS' interior selections including White 42' cabinets, quartz countertops, brushed nickel cabinet hardware, beautiful, upgraded grey wood look 6X24 tile in the living areas and cozy carpet in bedrooms. This home includes GE appliances with a French door refrigerator, front load washer/dryer, and window blinds too making it truly Move-in Ready!!! Est. completion Winter 2024! ^^Short/long term interest rate buydowns available when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

9622 W Whispering Wind Drive Peoria, AZ 85383

$547,000
3 Beds
2 Baths
1,702 SqFt
Status Active
MLS # 6751479
Property Type Single Family Residence
Price Type --
This Lovingly Cared for 3 Bedroom, 2 Bath, 4' Extended 2 Car Garage Home shows like New! Entry with Tray Ceiling, Gleaming Tile Flooring and Crisp Light Color Palette. Open Concept Kitchen boasts Upgraded White Cabinets, Upgraded Granite Counters, Stainless Steel Appliances, Gas Range, Generous Island and Pantry. Beautiful Tile Flooring in all the Living Areas. Upgraded Window Coverings, Carpeting. Primary Bedroom includes a Large Bay Area Extension. Primary Bath comprises of Upgraded Granite Counters, Dual Sinks, Large Walk In Shower, Soaking Tub and Sizable Walk In Closet. Central Vacuum System, Soft Water System, Cabinets and Sink in Laundry. Built In Natural Gas BBQ, Paver Patio and Artificial Turf round out the backyard. Near Shopping, Movies, BASIS Charter School and Lake Pleasant!

1346 E Briarwood Terrace Phoenix, AZ 85048

$547,000
3 Beds
2 Baths
1,650 SqFt
Status Active
MLS # 6775538
Property Type Single Family Residence
Price Type --
Explore this newly renovated beautiful 3-bedroom, 2-bathroom home located in the gated Augusta golf course community. The home features impressive vaulted ceilings, triple paned windows, stylish wood-look flooring, plantation shutters, and fresh paint with accent walls creating a refined atmosphere. The new modern kitchen boasts quartz countertop , a tiled backsplash and flooring, soft closing white cabinetry, and a central island. The bright master suite includes a newly renovated luxurious en suite bathroom with dual sinks ,a large glass-framed shower and sliding door straight to the pool. Outside, you'll find an outdoor entertaining space with a covered patio and a shimmering pool—an ideal spot to relax and soak up the Arizona sun. This home is eligible for FHA solar and wind tech Received $2500 in closing cost and approximately $8000 tax credit when you add Solar to your mortgage. See document tab for Solar proposal and inquire or more details.

13320 W Paso Trail Peoria, AZ 85383

$547,000
4 Beds
2 Baths
1,803 SqFt
Status Active Under Contract
MLS # 6747286
Property Type Single Family Residence
Price Type --
This fabulous 4 bed, 2 bath residence is the one for you! A charming facade w/stone accents, low maintenance landscape, and a 3 car garage w/paver driveway are just the beginning. FREE 1 year home warranty. Osmosis system and water softener. Inside you find a spacious open floor plan w/elegant wood-look flooring, recessed lighting, and trending palette throughout. Hone your cooking skills in the gorgeous kitchen, comprised of wood cabinetry w/crown molding, a pantry, quartz counters, stainless steel appliances, and an island complete w/a breakfast bar. The primary bedroom boasts a walk-in closet and a private ensuite w/dual sinks & a sliding barn door. Finally, the fantastic backyard includes a covered patio, artificial turf, and a refreshing salt water pool that is self cleaning.

1478 W J Waltz Way Apache Junction, AZ 85120

$546,990
4 Beds
3 Baths
2,233 SqFt
Status Active
MLS # 6773334
Property Type Single Family Residence
Price Type --
Welcome to Blossom Rock! The east valley's newest master planned community. With views of the Superstition Mountains and a wealth of amenities currently in the making including three community parks, dozens of neighborhood parks, a community school, miles of trails, beautiful lakes, and indoor and outdoor gathering spaces all meant to serve as the backdrop of the calendar of signature events and annual celebrations currently being created.

2820 N 212th Drive Buckeye, AZ 85396

$546,690
3 Beds
2.5 Baths
2,141 SqFt
Status Active
MLS # 6741520
Property Type Single Family Residence
Price Type --
Ready for November move in!

26349 S 231st Way Queen Creek, AZ 85142

$546,268
4 Beds
3 Baths
2,379 SqFt
Status Active
MLS # 6780156
Property Type Single Family Residence
Price Type --
Don't miss your chance on this Quick Move in Single Story home with a COMPLETED backyard landscape. Anticipated move in for December 2024. This community offers an abundance of amenities including pickleball courts, resort-caliber outdoor pool with plenty of seating and lounging areas, fitness center with multi-use activity room, open air pavilion with fireplace and grilling stations, event and game lawns, shaded play parks, half-court basketball and two dog parks.

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