Mortgage Rates Impact on 2017 Home Values

Mortgage Rates Impact on 2017 Home Values | Simplifying The Market

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand.

In a recent study of industry experts, “rising mortgage interest rates, and their impact on mortgage affordability” was named by 56% as the force they think will have the most significant impact on U.S. housing in 2017. If rising rates slow demand for housing, home values will be impacted.

To this point, Pulsenomics, recently surveyed a panel of over 100 economists, investment strategists, and housing market analysts, asking the question “In your opinion, at what level will the 30-year fixed rate mortgage rate significantly slow home value appreciation?” The survey revealed the following:

Mortgage Rates Impact on 2017 Home Values | Simplifying The Market

Bottom Line

Most experts believe that rates would need to hit 5% or above to have an impact on home prices.  Give me a call to discuss – J.P. Cook – 602-320-4253.

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201 S 6th Place Show Low, AZ 85901

$629,000
6 Beds
4 Baths
4,301 SqFt
Status Active
MLS # 6770835
Property Type Single Family Residence
Price Type --
Make this spacious home your own. The basement has a full kitchen,laundry, bedroom and garage access. Located in the heart of Show Low with many amenities nearby! Enjoy shopping, dining, City Parks, movie theater, BMX, skateboard park and city pickle ball courts just to name a few. This beautiful home would be a great year round home or vacation rental. This home is priced to sell and is Sold As Is. Home is currently used as VRBO. A new metal roof in 2018. 2019 - Re-routing main plumbing lines to accommodate larger groups. (An RV drain can easily be added to this new line) lighting fixtures, HVAC for main floor. In 2021 a new sump pump was installed in basement for kitchen sink. There are 2 water heaters in the home, in 2022 a new one was installed on the main floor. A new metal roof in 2018. 2019 - Re-routing main plumbing lines to accommodate larger groups. (An RV drain can easily be added to this new line) lighting fixtures, HVAC for main floor. In 2021 a new sump pump was installed in basement for kitchen sink. There are 2 water heaters in the home, in 2022 a new one was installed on the main floor.

1350 E Gail Court Gilbert, AZ 85296

$629,000
4 Beds
3 Baths
2,237 SqFt
Status Active
MLS # 6775994
Property Type Single Family Residence
Price Type --
Move-in ready with countless upgrades including new AC, windows and can lighting! This modern single-family home boasts an open floor plan perfect for gatherings. The chef's kitchen showcases quartz countertops, shaker cabinets, and new appliances that brings both charm and modern appeal. Upstairs, a split floor plan separates the spacious secondary rooms from the primary suite. All bathrooms are upgraded with quartz countertops and chic laminate flooring. The backyard is an entertainer's dream, complete with a gazebo strung with lights, turf, and river rock. Every detail has been updated within two years! This home is ready to meet all your needs. Don't miss this opportunity to experience a truly exceptional property — it's a must-see!

3582 N 160th Avenue Goodyear, AZ 85395

$629,000
2 Beds
2 Baths
1,829 SqFt
Status Active
MLS # 6781415
Property Type Single Family Residence
Price Type --
LOCATION LOCATION LOCATION!! Sits on a very unique lot located in the highly sought after Tuscany side of Pebble Creek. This lovely and well cared for home sits on a very unique lot. Featuring 2 bedrooms plus a den, fresh interior 2 tone paint, UPDATED KITCHEN AND BATHS, granite counters throughout, custom plantation shutters, newly installed soft water system, 3 car garage with epoxy floor and built in cabinets, golf course views from the back AND front with neighbors on only one side!! PLUS, BRING US AN ACCEPTABLE OFFER AND WE'LL THROW IN THE GOLF CART, recently serviced with all new batteries!! MOTIVATED SELLERS BRING US AN OFFER!

10011 E Lakeview Circle Mesa, AZ 85209

$629,000
3 Beds
2.5 Baths
2,960 SqFt
Status Active
MLS # 6785316
Property Type Single Family Residence
Price Type --
GREAT COMMUNITY VILLAGES OF EASTRIDGE! Original owner has pride in ownership of this one. Well maintained, move in ready home with a flex floor plan, cul-de-sac corner lot 4 bedrooms, upper loft, & lower-level den/office, guest suite alongside the master. Sparkling play pool & large yard, a 3-car extended garage, double RV gate. The open kitchen with an island bar, walk-in pantry flow into the family room for easy entertainment, with wood laminate floors on the lower level. Dual A/C units 2 years old. The interior has been freshly painted, & the exterior was recently painted as well. Other features include a large covered patio, backyard fire pit, 2 storage sheds, garage cabinetry with a workbench & storage shelving. Basketball sports court, parks, playgrounds, & quick access to freeways

2143 W Wilshire Drive Phoenix, AZ 85009

$629,000 - 2Br/1Ba -  for Sale in Hi-way Park, Phoenix
New
$629,000
2 Beds
1 Bath
2,225 SqFt
Status Active
MLS # 6787902
Property Type Single Family Residence
Price Type --
3 units! Full cosmetic remodel done in 2021, including kitchen, flooring, and all bathrooms. Enjoy the charm of a historic home with all the modern amenities! Near state fair grounds, freeway access. This home has been functioning as a profitable short term rental with an average of $6500/month income after expenses.

1371 N Alison Way Chandler, AZ 85226

$629,000
3 Beds
3 Baths
2,037 SqFt
Status Active Under Contract
MLS # 6754121
Property Type Single Family Residence
Price Type --
* CHANDLER STUNNER * PREMIUM CORNER LOT * FORMER MODEL * ACROSS FROM COMMUNITY POOL * LIKE LIVING IN A RESORT * LOFT-STYLE HOME * QUARTZ COUNTERS * STAINLESS APPLIANCES * UPGRADED CABINETS * OVERSIZED SLIDER * WRAPAROUND BALCONY * UPGRADED RAILINGS * LOFT WITH VIEWS * MASTER SHOWER WITH TILE SURROUNDS * CASITA WITH HALF BATH * VIEWS OF SOUTH MOUNTAIN * GET IT BEFORE ITS GONE! *

8215 W Gardenia Avenue Glendale, AZ 85303

$629,000
4 Beds
2 Baths
2,643 SqFt
Status Active
MLS # 6761936
Property Type Single Family Residence
Price Type --
Welcome to the home that checks every box! This stunning residence offers a spacious split floor plan with 3 bedrooms, a versatile den, and a large bonus room—ideal for work, play, or relaxation. You'll have plenty of parking for all your vehicles and toys, RV Parking plus a generous 3-car garage for additional storage. Inside, the open layout connects the gourmet kitchen, with premium appliances and ample counter space, to the sunlit great room and living room. Step outside to your own resort-style oasis featuring a private pool, patio, and beautifully landscaped yard—perfect for entertaining or unwinding. With owned solar, enjoy energy savings year-round!

3502 E Janice Way Phoenix, AZ 85032

$629,000 - 4Br/2Ba -  for Sale in Paradise Valley Oasis 11, Phoenix
New
$629,000
4 Beds
2 Baths
1,779 SqFt
Status Active
MLS # 6789324
Property Type Single Family Residence
Price Type --
Beautifully remodeled home on a corner lot in a prime location! Great curb appeal with a welcoming front courtyard. Large driveway that can accommodate vehicles of any size, and enough room to park an RV if desired. NO HOA! Upon entry, this open concept floor plan has a formal living/lounge area that flows into the kitchen/dining/family room. Remodeled with modern finishes from top to bottom. Wood plank tile throughout and carpet in the bedrooms. White shaker style cabinets throughout. Stunning kitchen with a gorgeous turquoise tile backsplash that runs all the way up to the ceiling and complements the white cabinets and quartz countertops perfectly. Single basin sink. Reverse osmosis tap for purified drinking water. Recessed lighting throughout the kitchen and family room. Huge primary suite with enough space for a king size bed, night stands, AND a sitting area! Quartz countertops and comfort-height vanities with impeccable tile showers in both bathrooms. Spacious laundry room with enough space for a 2nd refrigerator. Ceiling fans in every room. North/south exposure. Low maintenance landscaping with gravel in front and turf/gravel in the back. Wood burning fire pit to enjoy too! Low property taxes. Very convenient location near the 51 freeway, allowing for easy access to any part of the valley. BONUS: All furniture and TV's can be included with the sale!

4318 E Smokehouse Trail Cave Creek, AZ 85331

$629,000
4 Beds
3 Baths
2,412 SqFt
Status Active
MLS # 6721909
Property Type Single Family Residence
Price Type --
Seller may consider buyer concessions if made in an offer. Welcome to this charming property that combines modern amenities with elegant charm. Recently updated with fresh interior paint and new flooring in parts, the neutral color scheme creates a calming atmosphere for all who enter. The kitchen is a cook's delight, featuring an inviting island and stainless steel appliances. Relax or entertain on the covered patio or enjoy privacy in the fenced backyard. This sought-after addition provides ample space for daily routines. From indoor comfort to outdoor luxuries, this property blends modern comfort with classic charm. If you seek a meticulously maintained home with exceptional attention to detail, don't miss the chance to make this beautifully updated property yours. It's the perfect plac

368 S 172nd Drive Goodyear, AZ 85338

$629,000
5 Beds
4 Baths
4,019 SqFt
Status Active
MLS # 6754016
Property Type Single Family Residence
Price Type --
Discover plenty of space and comfort in this stunning 5-bedroom, 4-bathroom Canyon Trails home. It features a gourmet kitchen with stainless steel appliances and center island, perfect for any cook. Enjoy privacy in the attached guest casita with its own living room and entrance. PRE-PAID Solar panels offer eco-friendly living and lowered electric bills for years to come. The backyard is an oasis with a private pool, huge extended covered patio, and BBQ area, all overlooking the community green belt with no neighbors behind. Plus, enjoy community amenities like a recreation room, parks, and community pool.

1145 N 293rd Avenue Buckeye, AZ 85396

$629,000
4 Beds
2 Baths
2,067 SqFt
Status Active
MLS # 6758593
Property Type Single Family Residence
Price Type --
Discover the ultimate in custom home, unencumbered by HOA fees or regulations. This stunning new build ranch-style residence boasts 2,067 square feet of living space on a serene 1.2-acre lot. The sophisticated open-concept living area features stylish paneled walls, vaulted ceilings, and an abundance of natural light and recessed illumination. A sleek white kitchen, complemented by a spacious island, provides an ideal setting for culinary pursuits. The serene master suite offers a tranquil retreat, complete with a spacious en-suite bathroom and ample closet space. Three additional bedrooms provide versatility for family, guests, or a home office. The expansive, backyard, boasts block fencing valued at over $60,000, and dual RV gates, perfect for accommodating large vehicles or horses.

1700 E Lakeside Drive Unit 65 Gilbert, AZ 85234

$629,000
2 Beds
2 Baths
1,777 SqFt
Status Active
MLS # 6761143
Property Type Townhouse
Price Type --
Beautifully situated in Breckenridge Bay sits this meticulously appointed single-level townhouse! Upon entry, enjoy ample natural lighting, generous-sized open living and dining areas, vaulted ceilings & warm color tones throughout. The gorgeous dark wood floors contrast perfectly with bright silver-gray-colored walls. The vibrant Kitchen boasts granite tops and stainless steel appliances all accented with natural white cabinetry. Both bedrooms have newer LVT flooring and the main bath has been impressively remodeled to 5-Star Resort standards! Ideally located just steps away from the clubhouse, full amenities, and the lakes.... living in Val Vista Lakes is resort Lifestyle Living at its best!

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