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

19013 W Oregon Avenue Litchfield Park, AZ 85340

$540,000

3 Beds

3 Baths

2,111 SqFt

Status Active

MLS # 6719850

Property Type Single Family Residence

Price Type --

Must See!! Significant upgrades, Ideal for family and entertaining, Open Concept, Modern kitchen with quartz countertops, tiled back-splash, staggered cabinets, large walk-in pantry. Slider doors which opens to backyard, backyard kitchen, with grill, sink, flat stove, refrigerator, a place for a TV, with large bar. Cozy master, complete with modern bathroom, with his & her sinks and closets, garden tub, and tiled shower, 3 or 4 bedrm. 2 additional full baths, large laundry room. 3 car garage both with epoxy floors, built in garage cabinets in 2 car garage. Water softener, remote controlled sun blinds on covered backyard patio, Jacuzzi in backyard. This is Home!!

View Property

419 E Oxford Drive Tempe, AZ 85283

$540,000

3 Beds

3 Baths

1,302.50 SqFt

Status Active

MLS # 6787283

Property Type Single Family Residence

Price Type --

Welcome to this stunning single-level, 3-bedroom, 3-bathroom home in the heart of Tempe! Thoughtfully upgraded and meticulously maintained, this home is ready to impress its new owner. From the moment you step through the custom iron door, you'll notice the exceptional attention to detail and pride of ownership.Key upgrades include spray foam insulation in the interior walls, blown-in attic insulation with fans and a custom scuttle, epoxy-coated garage floors, and a spacious walk-in pantry.The backyard is a true entertainer's paradise, designed with care and creativity. Highlights include: 8-foot-high block privacy wall with custom LED lighting, Insulated 120 sq. ft. shed featuring corrugated steel wainscot, drink rails, lighting, TV, and AC. A gorgeous Ramada with a natural stone dual-sided propane fireplace with barn beam mantel, TV, wood fire pit with flagstone ''U'' benches, flagstone countertops with built-in propane grill, kegerator and drink rails, 1/34 bathroom with stacked slate waterfall, flagstone benches and steam shower. All this just minutes away from freeway access, Kiwanis Park, restaurants and shopping! You will LOVE this HOME!!!

View Property

11453 W Nadine Way Peoria, AZ 85383

$540,000

3 Beds

2 Baths

1,678 SqFt

Status Active

MLS # 6746738

Property Type Single Family Residence

Price Type --

Located in Vistancia Village, this beautiful home features an open floor plan with 3 beds and 2 baths. Amazing kitchen with a gas stove, white cabinetry, a convenient pantry, and a huge island. Enjoy informal and formal dining areas. Experience the seamless flow of the open living concept, where the living room showcases 12-ft sliding glass doors, seamlessly connecting indoor and outdoor spaces. The primary bath has a dual sink vanity, an expansive shower, and a generously sized closet. Beautiful backyard, features a covered patio, low maintenance turf and pergola.

View Property

16337 W Monroe Street Goodyear, AZ 85338

$540,000

4 Beds

2.5 Baths

2,984 SqFt

Status Active

MLS # 6743032

Property Type Single Family Residence

Price Type --

Beautiful home, fantastic location at a great price! You'll see breathtaking vaulted ceilings, freshly painted walls (2024) and modern finishes. Pool views from living room. Downstairs offers formal dining room, family room and office/ den. Upstairs you'll enjoy new carpet (2024), loft, additional bedrooms and large master bedroom. Master features bay window, shower/ garden tub combo and remodeled bath (2024). Backyard is ready for entertaining with its private pool, motor and pump replaced (2024). Not to mention enough room to store all your toys with its 3 car garage. Live near Community amenities walking trails and basketball court. Baseball games at Goodyear Ballpark, waterslides at Goodyear Rec center and movies/ night out Harkin's Theatres, Bj's Restaurant and Brewery and more!

View Property

19820 N Cherry Tree Lane Sun City, AZ 85373

$540,000

3 Beds

2 Baths

2,780 SqFt

Status Active

MLS # 6752548

Property Type Single Family Residence

Price Type --

LOCATION*LOCATION*LOCATION* AMAZING WILLOWBROOK GOLF COURSE LOT WITH WATER VIEW * FULLY FENCED **ONE OF THE LARGEST HOMES IN SUN CITY** ROOM TO SPREAD OUT** WIRED MEDIA ROOM** UPDATED KITCHEN AND BATHROOM ** NEW CARPET IN BEDROOM** PRIVATE HOT TUB ROOM WITH VIEWS** RV GATE** TONS OF STORAGE INSIDE AND OUT** NEWER ROOF** QUIET STREET IN POPULAR PHASE 3** CLOSE TO RESTAURANTS** SHOPPING **MEDICAL **TRULY ONE OF A KIND PROPERTY**

View Property

5036 E Roy Rogers Road Cave Creek, AZ 85331

$540,000

3 Beds

2 Baths

1,656 SqFt

Status Active

MLS # 6761155

Property Type Single Family Residence

Price Type --

This cute home opens into the great room , you have an open den and three bedrooms New laminate flooring & New carpet in bedrooms . New stainless appliances in kitchen &b a great walk in pantry in kitchen. .Storage cabinets in garage

View Property

14029 W Valentine Street Surprise, AZ 85379

$540,000

5 Beds

3 Baths

2,573 SqFt

Status Active

MLS # 6767962

Property Type Single Family Residence

Price Type --

LOCATED NEXT TO GREENBELT & PARK - Built 2020, 2,573 Sq. Ft. with 5 bedrooms (one downstairs) and 3 bathrooms. This home's extra-large .21-acre lot provides ample space for outdoor entertaining. Enjoy the privacy of a prime location with no homes immediately in front or behind. Open floorplan, great room and gourmet kitchen with center island, granite counters, stainless-steel appliances, and walk in pantry. Excellent north/south location. Close to schools, shopping, and all the amenities of Homestead at Marley Park. Built to be energy efficient and much quieter with spray foam insulation. Walk through this house online and check out its floorplan by watching the 3D Virtual Tour. Scroll up, down, and all around. View this home and its prime location today before it's gone!

View Property

16254 W Tuscany Way Surprise, AZ 85374

$540,000

3 Beds

2 Baths

2,035 SqFt

Status Active

MLS # 6765553

Property Type Single Family Residence

Price Type --

Welcome to this beautifully updated single level golf course home in the highly desirable community of Sun City Grand. Home just had a New HVAC unit, New Roof, and the garage floor epoxy coated over the summer! As you enter the home you are greeted with a wall of windows framing the beautiful golf course views, an open floor plan with fresh neutral colors and rich travertine style tile. The over sized master bedroom boasts bay windows, a huge walk in closet and recently remodeled bathroom with granite countertops and walk in shower. Venture down the hallway to the chef's kitchen with Island, granite countertops, stainless steel appliances that all look out to the warm and inviting family room with stacked stone gas fireplace. Whether you would like the privacy of your quaint front patio or the wide open views on your back patio of the 17th tee box of the Desert Springs Golf Course, this home provides you the canvas to enjoy the amazing outdoor living that Arizona has to offer! Welcome to your next Home Sweet Home!

View Property

2313 E Gondola Lane Gilbert, AZ 85234

$540,000

3 Beds

2 Baths

1,708 SqFt

Status Active

MLS # 6768124

Property Type Single Family Residence

Price Type --

Nice affordable home in Val Vista Lakes! An opportunity to buy a home in an upscale community without breaking the bank... This is a Ryland Carmel plan, with the separate office up front. New electrical box in 2023, and new A/C unit in summer 2024 (with a 15.8 SEER rating). New kitchen appliances, and new faucet hardware all around.

View Property

15898 S 177th Drive Goodyear, AZ 85338

$540,000

2 Beds

2 Baths

2,139 SqFt

Status Active

MLS # 6775942

Property Type Single Family Residence

Price Type --

Nightly sunsets and mountain views at this private backyard in the sought after 55+ Active Community of CantaMia located in Estrella Mountain. This home boasts many upgrades including Casita with AC currently used as a home gym, but can also be used as a guest suite, hobby room, or office. Private interior courtyard with pavers, multi-slide door off the great room to enjoy indoor/outdoor living, super shower primary bathroom, 9'+ ceilings throughout, and quartz countertops throughout home. Kitchen upgrades include soft close cabinets, pots & pans drawers, roll outs at all base cabinets, lazy susan corner cabinet, recycle center, and water filtration system at sink. Other upgrades include Adobe Home Safety System, indoor & outdoor surround sound system, double interior doors at the Den (close the doors and use as a guest room, hobby room, or office), ceiling fans throughout, pre-plumbed for garage utility sink, apoxy garage flooring, gas line installed for outdoor kitchen, and water softener system.

View Property

14633 W Georgia Drive Surprise, AZ 85379

$540,000

3 Beds

2.5 Baths

2,617 SqFt

Status Active

MLS # 6777339

Property Type Single Family Residence

Price Type --

Welcome to your Homestead at Marley Park dream! Built in 2019 this charming, very well maintained, original owner, 2,617sq.ft. home offers a bright & light floor plan with 3 bedroom, 2.5 bathroom with tandem 3 car garage and a flex room and is perfect for modern living! Step into the bright Great Room, filled with natural light, creating a warm and inviting space for relaxation and entertainment. The open-concept kitchen is a chef's delight, featuring stainless steel appliances, gas stove, ample cabinetry, recessed lighting and a large kitchen island ideal for casual meals and fun gatherings. The spacious primary suite is a true retreat, complete with a luxurious en suite bathroom boasting a soaking tub, a large shower, dual vanities, and walk-in closet. Outdoors, unwind on the serene covered patio, surrounded by low-maintenance landscaping for easy upkeep. Enjoy the walking trails, parks and other great Marley Park community amenities including clubhouse & community pool!

View Property

33575 N Dove Lakes Drive Unit 2019 Cave Creek, AZ 85331

$540,000

2 Beds

2 Baths

1,855 SqFt

Status Active

MLS # 6775449

Property Type Townhouse

Price Type --

Welcome to Villagio at Dove Valley Ranch in Cave Creek with spectacular pool views! This stunning condo offers a perfect blend of comfort, style, and convenience. Featuring 2 spacious bedrooms, 2 full bathrooms, and a versatile den, this residence is ideal. Enjoy the expansive open floor plan that seamlessly connects the living, dining, and kitchen areas, perfect for entertaining or relaxing. The kitchen is a chef's delight, featuring stainless steel appliances, granite countertops, beautiful cabinetry, and a breakfast bar. The split primary boasts an en-suite bathroom with dual sinks, a soaking tub, a separate shower, toilet room and large closet. Granite countertops in bathrooms, and updated fixtures and lighting.

View Property