What’s Ahead For Mortgage Rates This Week – June 13, 2016

Last week’s economic news was highlighted by Fed Chair Janet Yellen’s speech in Philadelphia. Although Chair Yellen alluded to future Fed rate hikes, she did not specify when Fed policymakers would next raise the target federal funds rate.

Increases in the fed funds rate typically signal increases in consumer credit and home mortgage rates. Last week’s speech was seen as a precursor to the Federal Open Market Committee statement that will occur at the conclusion of next week’s FOMC meeting.

Chair Yellen is also scheduled to give a press conference after the FOMC statement next Wednesday.

Mortgage rates and new jobless claims also fell last week.

Fed Chair Speech: Fed Rate Increases Likely, but Subject to Economic Developments

Fed Chair Janet Yellen said that remarks would be “largely favorable” although economic developments were “mixed.” Chair Yellen cited economic progress toward the Fed’s dual goal of achieving maximum employment and price stability. Labor benchmarks included national unemployment below five percent, rising household income and indications of rising wages were cited as positive signs for economic expansion.

Slowing job growth and inflation staying below the Fed’s goal of 2.00 percent were cited as signs that the U.S. economic recovery is underway, but Chair Yellen also said signs of slower job creation along with uncertainties in global economic conditions and oil prices prevented short-term predictions about how the economy would perform.

Fed Chair Yellen also repeated her usual caution that Fed policy is not set in stone, but instead is subject to FOMC members’ ongoing review of economic developments and related readings.

Mortgage Rates, New Jobless Claims Lower

Freddie Mac reported lower mortgage rates last week. The average rate for a 30-year fixed rate mortgage was six basis points lower at 3.60 percent; the rate for a 15-year fixed-rate mortgage averaged 2.87 percent, which was five basis points lower than the previous week. The average rate for a 5/1 adjustable rate mortgage was six points lower at 2.82 percent. Discount points averaged 0.50 percent for all three loan types tracked by Freddie Mac.

New jobless claims were also lower at 264,000 new claims filed against expectations of 270,000 new claims and 268,000 new claims filed in the prior week.

What’s Ahead This Week

This week’s scheduled economic news includes the Fed’s post-meeting FOMC statement and press conference, reports on the consumer price index and core CPI, housing starts and the NAHB Housing Market Index. Reports on mortgage rates and new jobless claims will be released according to their weekly schedule.

Economic indicators such as price inflation, rising mortgage rates and housing data impact housing markets and consumers’ ability or willingness to buy homes.

Listing types.

For Sale

For Rent

Land

Multifamily

Commercial

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

Location Search Nearby

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

School District

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

1301 W Via De Olivos -- Queen Creek, AZ 85140

$543,452

2 Beds

2.5 Baths

2,004 SqFt

Status Active

MLS # 6785091

Property Type Single Family Residence

Price Type --

MLS#6785091 January Completion! Welcome to the Havasupai, situated in the vibrant community of Ovation at Meridian. As you step inside, you'll find a secondary bedroom with a full bathroom and a flex room to your left. Continuing straight ahead, you'll enter the spacious gathering room that seamlessly flows into the kitchen, all overlooking the covered patio. The primary suite, located off the gathering room, features its own en-suite bathroom with double sinks and a walk-in closet. Structural options added include; Sliding glass door, alternate primary bath 2, and garage service door.

View Property

13618 W Shifting Sands Drive Peoria, AZ 85383

$543,000

4 Beds

3 Baths

2,002 SqFt

Status Active

MLS # 6768206

Property Type Single Family Residence

Price Type --

Discover a haven of tranquility in this like-new immaculate Mattamy ranch-style home, nestled in a private enclave w/ no left, rear, or across-the-street neighbors. Open concept floorplan seamlessly connects the formal dining, great room & kitchen areas, creating the perfect space for gatherings & relaxation. Gourmet kitchen features a large granite island, SS appliances, pantry & custom cabinets. Great room offers expansive views through multiple panel sliders leading to the open canvas backyard w/ high privacy walls. Spacious owner's suite is a luxurious retreat w/ double high sinks, a HUGE walk-in shower & large walk-in closet. Plenty of room for guests w/ 3 guest rooms & 2 adjacent full bathrooms. Come take a look at this beautiful home today!

View Property

533 W Missouri Avenue Phoenix, AZ 85013

$543,000

3 Beds

1 Bath

1,200 SqFt

Status Active

MLS # 6762433

Property Type Single Family Residence

Price Type --

Looking for a property to add to your portfolio - this property has the location, historic tax district breaks, low yard water costs, AND has active income generating lease in place from Jan 15th, 2025-Jan 30th, 2026. This location is a gem! Property is located in the Medlock Historic District, get the benefits of the discounted property taxes while also being close to Central & Camelback shopping - AJ's fine foods, Windsor, Postino's, Federal Pizza, Churn, soon to be ''The Henry'', and just steps away from Hatch, and the corner cafe on 7th & Missouri. Sleep soundly at night, this property has been updated with integrity. Not only has this seller permitted the replacement of structural beams - framing walls - all sewer and pressurized water lines - wiring and electrical panel,... ...but seller also worked closely with an architect, structural engineer, and hired a licensed, bonded, and insured contractor to complete the work and produce an updated historical home that a buyer can sleep soundly about owning. The updates performed on this property do not stop there. The exterior was smooth stuccoed, dual pane vinyl windows installed, A/C unit and duct work replaced (''Trane'' AC unit), water heater is also new and tankless, roof was entirely replaced, R-38 insulation rating blew-in in the attic. Not only is this property highly energy.. efficient, but its owner will benefit in property tax savings. Property is located in the Medlock Historic District and also has flood irrigation rights grandfathered to the land - making watering your lawn and keeping your grass green affordable (approximately $150 a year). Kitchen has a quality update as well, with new solid wood shaker cabinets, S.S. appliances, beautiful granite counters with a breakfast bar seating overhang, and large single-basin sink with an over-the-sink window. All light multi shade wood-like floors - installed properly and ran throughout the entire property with updated baseboards to finish it off. Hall linen storage cabinet and a fully updated bathroom with floor to ceiling stone walk-in shower, new granite topped vanity and toilet. Interior washer and dryer convey - with direct entry to the carport. Carport also has a key-code locking gate for direct entry to the backyard. Back door exits to the slabbed patio and overlooks the large lush and green grassed backyard. Generously sized storage shed. Property is prime for a guest house or accessory dwelling OR even a pool. The quality of this update speaks for itself and really shines in person. Floor layout is sensible for size and flows nicely. Location is convenient to great local eateries and one of the best dry cleaners in town

View Property

36145 N Desert Tea Drive Queen Creek, AZ 85140

$543,000

3 Beds

3 Baths

2,186 SqFt

Status Active

MLS # 6783609

Property Type Townhouse

Price Type --

Welcome to your dream resort home in the highly sought-after Encanterra community! This spacious 3-bedroom, 3-bathroom home also offers a a versatile den and an expansive loft, providing ample living space for relaxation and entertainment. The thoughtfully designed layout includes a convenient upstairs storage unit, perfect for all your organizational needs. The heart of the home is the upgraded kitchen, featuring granite countertops, premium stainless steel appliances, and elegant white cabinetry that exudes modern charm and sophistication. Ideal for both everyday living and entertaining guests, this kitchen is a true chef's delight. Situated just steps away from the main clubhouse, La Casa as well as Algarve, the 18 and over pool. Start living the Encanterra dream today!

View Property

3131 N Central Avenue Unit 5013 Phoenix, AZ 85012

$543,000

2 Beds

2 Baths

1,125 SqFt

Status Active

MLS # 6612521

Property Type Apartment

Price Type --

*Construction Completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

View Property

10149 E Tupelo Avenue Mesa, AZ 85212

$543,000

2 Beds

2 Baths

1,763 SqFt

Status Active

MLS # 6724621

Property Type Single Family Residence

Price Type --

MOVE IN READY home in the highly sought after 55+ community of Encore at Eastmark in the East Valley! This immaculately kept home sits on a large lot giving you ample space between neighbors and to enjoy the outdoors, whether it be to relax on the oversized patio complete with, hot tub, BBQ and wall mounted TV and plenty of room to entertain! Upgraded kitchen features granite countertops and stainless steel appliances and gorgeous wood look tile flooring in all the main living areas. Also features water softener, designer laundry, epoxy garage flooring, and many smart home features like ''Hyrawise'' irrigation system and ability to control thermostat & garage door from your phone make this home turn-key and give you the ability to lock and leave with ease. This home is a MUST SEE

View Property

30410 N 229th Avenue Wittmann, AZ 85361

$543,000

4 Beds

2 Baths

2,070 SqFt

Status Active

MLS # 6767573

Property Type Single Family Residence

Price Type --

Nestled on just over an acre, this custom-built home is ready for all your hobbies—bring your horses, boats, and outdoor toys! With a 3-car garage and an inviting open floor plan, the home features vaulted ceilings and recessed lighting throughout. The kitchen is a chef's delight with stainless steel appliances, granite countertops, a stylish tile backsplash, and an under-mount sink, complemented by upgraded cabinets throughout the entire home. Stunning mountain views can be enjoyed from almost every window. The main suite boasts vaulted ceilings, dual sinks, a separate tub and shower, and a spacious walk-in closet. In addition to the master, there are three large bedrooms in a split floor plan.

View Property

1346 E Briarwood Terrace Phoenix, AZ 85048

$543,000

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.

View Property

18672 E Panchito Drive Gold Canyon, AZ 85118

$542,995

3 Beds

2 Baths

1,910 SqFt

Status Active

MLS # 6737920

Property Type Single Family Residence

Price Type --

The Copper Plan is ready for quick move-in! This home features an attached RV garage, perfect for adventurers. Included features: a covered entry; a spacious flex room; a well-appointed kitchen offering a center island, a generous walk-in pantry, and an adjacent dining room; an inviting great room; a thoughtfully designed primary suite showcasing a roomy walk-in closet and a private bath with double sinks; a central laundry; two secondary bedrooms with a shared bath; and a cheerful covered patio. Discover the charm of Gold Canyon.

View Property

18697 E Panchito Drive Gold Canyon, AZ 85118

$542,995

3 Beds

2 Baths

1,910 SqFt

Status Active

MLS # 6737879

Property Type Single Family Residence

Price Type --

Welcome to the Copper floor plan that is ready for a quick move-in! Included features: a covered entry; a spacious flex room; a well-appointed kitchen offering a center island, a generous walk-in pantry, and an adjacent dining room; an inviting great room; a thoughtfully designed primary suite showcasing a roomy walk-in closet and a private bath with double sinks; a central laundry; two secondary bedrooms with a shared bath; a cheerful covered patio; and an attached RV garage.

View Property

5326 W Manzanita Drive Glendale, AZ 85302

$542,995

4 Beds

3 Baths

2,077 SqFt

Status Active

MLS # 6762127

Property Type Single Family Residence

Price Type --

Explore this thoughtfully designed Slate floorplan, ready for quick move-in on a homesite boasting front yard landscaping and driveway/walkway pavers. Included features: an inviting covered, paver entry; a well-appointed kitchen offering 42'' eclipse shaker cabinets with satin nickel hardware, quartz countertops, stainless-steel appliance suite, a center island with pendant lights, and a spacious walk-in pantry; an expansive great room with adjacent dining room; a lavish primary suite showcasing a generous walk-in closet and a private deluxe owner's bath with separate soaking tub and 4x16 tile shower, and dual sinks with cultured marble countertops; a convenient laundry; a guest bedroom featuring en-suite bathroom with step in shower. You'll also find a spacious covered patio, and a 2-car garage with 8' door and belt drive opener, coach lights, as well as a garage service door. Find other desirable finishes, like 9x35 tile in the main living areas (carpet in bedrooms only), a convenient soft water loop in the garage, gas tankless hot water heater, R/O pre-plumb, and a gas stub at the patio. This home also offers ceiling fan prewire in all bedrooms, great room, and patio, plus much more.

View Property

18610 E Panchito Drive Gold Canyon, AZ 85118

$542,995

4 Beds

3.5 Baths

2,110 SqFt

Status Active

MLS # 6781751

Property Type Single Family Residence

Price Type --

Welcome to the Zinc Plan in Entrada Del Oro II, Gold Canyon! This spacious 2-story, RV- home is 4 bedrooms and 3.5 baths, with the master suite and laundry conveniently located on the main floor. Designed for comfort and functionality, this home is perfect for those seeking extra space and easy access to outdoor adventures near the Superstition Mountains. Corner Lot

View Property