What’s Ahead For Mortgage Rates This Week – January 17, 2017

Last week’s economic reports included readings on job openings, retail sales and consumer sentiment in addition to weekly reports on new jobless claims and Freddie Mac’s survey of mortgage rates.

Job Openings Hold Steady in November; Quits and Hires Increase

According to the Labor Department, job openings held steady with a reading of 5.50 million openings in November, which matched October’s reading. Hires and quits showed more activity, which analysts deemed a healthy sign for the economy. Workers typically hold on to their current jobs in times of economic uncertainty, while they may be more comfortable with changing jobs in a strong economy. Increased “churn” in terms of quits and hires suggests that workers are gaining confidence in economic conditions and are more willing to change jobs. There were 1.3 unemployed workers for each job opening, which was lower than October’s reading of 1.4 unemployed workers for each job opening.

Retail Sales Higher in December

Retail sales grew by 0.60 percent in December, although analysts had expected o.80 percent growth. November’s reading showed 0.20 percent growth. Retail sales not including the automotive sector grew by 0.20 percent. Analysts had expected a reading of 0.50 percent based on November’s reading of 0.30 percent growth. Year-end promotions and incentives offered by auto dealers likely contributed to December’s increase in retail sales.

Mortgage Rates, Jobless Claims Fall

Freddie Mac reported lower mortgage rates last week; the average rate for a 30-year fixed rate mortgage fell by eight basis points to 4.12 percent. 15-year fixed mortgage rates averaged seven basis points lower at 3.37 percent. Rates for 5/1 adjustable rate mortgages were 10 basis points lower at an average of 3.23 percent. Discount points averaged   0.50 percent for all three mortgage types.

New jobless claims were lower than expected last week with a reading of 247,000 new jobless claims. 258,000 new claims were expected based on the prior week’s reading of 237,000 new claims filed. New jobless claims were lower than 300,000 new claims for the 97^th consecutive week. The rise in new claims last week was attributed to delays in filing for benefits between Christmas and New Year holidays.

Consumer sentiment dipped in January to an index reading of 98.1 as compared to December’s reading of 98.2 and the expected reading of 98.8.

What‘s Ahead

This week’s scheduled economic releases include the National Association of Home Builders Housing Market Index. Commerce Department readings on housing starts and building permits will be released. Consumer Price Index readings are scheduled along with weekly reports on mortgage rates and new jobless claims.

Click Here to See What Your Home is Worth

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

12312 E Shangri La Road Scottsdale, AZ 85259

$4,150,000

6 Beds

8 Baths

6,657 SqFt

Status Active

MLS # 6719813

Property Type Single Family Residence

Price Type --

Immaculately remodeled and upgraded in 2022 to embody the finest elements in today's trends, this 6,650+ square foot cul-de-sac home is spread over 1.3 acres, with an open NAOS space and mountain views - making this your very own expansive and private compound . Breathtaking Desert Contemporary AZ Estate, (AVAILABLE TURN KEY FURNISHED) combines modern elegance with the highest standards of sophisticated living. Designer Details flourish both inside/out, peaking in architectural accomplishment, blending modernity with the natural aspects that surround it. A heated pool/spa, expansive covered lanai built with entertainment in mind - w/space for over 100 people, full outdoor kitchen that redefines luxury lifestyle in every way. The 6 bed/8 bath interior exudes a luxury resort ambiance. With volume ceilings, hardwood floors, and dramatic wall and ceiling details that flow harmoniously throughout the main living areas. The exquisite quartz stone countertops complement the expansive executive chef's kitchen custom island, cabinetry, and Wolf appliances - which include a double fridge and freezer, and 60-inch range, with multi addition overs. 2 primary en-suites in addition to all bedroom en-suites, primary includes a private paradise featuring separate his/her baths, 10-foot walk-in shower and huge h/h closets and dramatic bathroom finishes, a freestanding tub, and morning bar. Additional features include Media/theatre with full quartz countertops, Wet bar and wine refrigerator, additional space for 25x25 casita, 3 fireplaces, oversized 6-car garage. Come see for yourself and enjoy this indoor/outdoor luxury experience in the heart of Scottsdale. NO HOA!

View Property

21168 W Granite Ridge Road Buckeye, AZ 85396

$4,140,000

5 Beds

6 Baths

7,200 SqFt

Status Active

MLS # 6516382

Property Type Single Family Residence

Price Type --

Welcome to the glass house. Nestled within the breathtaking White Tank mountains, this elevated mountain side modern estate is in a league of its own. Boasting unparalleled views of the Golf Course, White Tanks, and Sparkling City Lights. This glass stunner offers every conceivable modern luxury. Chef's Kitchen, Cinema, Gym, Elevator, Resort-Style Infiniti Pool with an under water window that looks into the game room, 20 person Spa, Over 130' of glass walls for seamless indoor/outdoor living. Indoor Basketball Court doubles as a Night Club with state of the art lighting, audio and a suspended platform for the DJ. Private courtyard includes a pristine turf area, a half pipe and two in ground trampolines. All three rooms on the first floor have walk-in closets with their own private laundry. Owners suite with 32' of glass door walls allows you to step directly onto the balcony, pool or spa deck, and has dramatic views of the golf course, mountains and city lights, it also has a two story Chanel inspired closet, soaker tub in front of massive corner picture windows, luxurious walk-in shower and dual commodes. The resort inspired guest rooms (accessible) from the elevator have walk-in showers and soaker tubs that look out onto the golf course. The sports court has a rock climbing wall with two auto belays and has a discreet in wall net system for volleyball and pickleball. Estimated completion is October 2024. Owner Agent

View Property

3831 E Huber Street Mesa, AZ 85205

$4,100,000

6 Beds

7 Baths

10,418 SqFt

Status Active

MLS # 6707677

Property Type Single Family Residence

Price Type --

Experience the epitome of luxury living in this Tuscany-inspired custom basement home nestled on a private 2.1-acre lot. Boasting 6 bedrooms (Guest house with full kitchen), 7 bathrooms, and a 5-car garage, this residence offers unparalleled comfort and elegance. Entertain guests in style with a diving pool, grotto, waterfall, expansive gazebo with BBQ, and a rooftop deck showcasing panoramic views. Delight in the golfer's paradise putting green amidst citrus trees and an original windmill. The chef's kitchen is fully equipped with top-of-the-line appliances. Descend into the basement via indoor stairs, outdoor stairs, or an indoor elevator leading to a movie theater, built-in bar, game room, wine cellar, and living room. This home redefines the Irrigated horse property luxury living.

View Property

15883 N Silent Moon Lane Prescott, AZ 86305

$4,100,000

3 Beds

3.5 Baths

4,037 SqFt

Status Active

MLS # 6781256

Property Type Single Family Residence

Price Type --

Discover unparalleled luxury in this 2023 custom-built home by Wind Dancer Construction. Nestled on 2 acres backing to State Trust Land. Enjoy breathtaking Northwest Valley views from an expansive floor plan filled with high-end finishes, including a custom Williamson Valley Black Walnut front door, hand-hewn Montana wild wood beams, 10'' engineered hardwood floors & lighted art niches throughout. Indulge in your own private spa featuring granite countertops, elegant granite accent inlay & a spacious walk-in shower. A wine lover's dream with two EuroCave wine towers, perfect for showcasing your collection. Experience breathtaking views from exceptional outdoor living spaces, including an upper deck with a built-in fireplace and a lower patio with a cozy fire pit, perfect for relaxing or entertaining. This home is truly exceptional, offering the perfect blend of luxury and comfort. Talking Rock is a 24-hour staffed gated private community for members only. Amenities include our award-winning Jay Morrish designed Golf Course, Fitness Barn, Ranch House Restaurant and Bar, Coop's Coffee House, Racquet Sports Courts, Dog Park, Community Garden, and over 14 miles of hiking and biking trails.

View Property

E Assisted Living Drive Scottsdale, AZ 85260

$4,000,000

11 Beds

10 Baths

4,302 SqFt

Status Active

MLS # 6785916

Property Type Single Family Residence

Price Type --

Discover a truly one-of-a-kind investment! This massive private Scottsdale estate offers luxury assisted living in a highly sought-after location near Hospital, Mayo Clinic, top rehabilitation centers, and other essential medical and emergency services. Licensed for 10 residents in home, with each resident enjoying private living accommodations. 24/7 care provided by state-certified caregivers, ensuring round-the-clock support for all resident needs, including assistance with eating, dressing, bathing, medication, & more. Daily home-cooked meals with options for dining assistance and specialized diets. Lush, green landscaping with serene fountains, walking paths, and beautifully maintained gardens. Immaculately maintained properties, fully occupied with long-term residents. A guest house on-site, rented to staff for additional income. Energy-efficient property equipped with solar power. This rare property is an excellent opportunity for anyone looking to invest in a thriving assisted living business in a prime Scottsdale area.

View Property

9143 E La Junta Road Scottsdale, AZ 85255

$4,000,000

5 Beds

6 Baths

5,569 SqFt

Status Active Under Contract

MLS # 6778028

Property Type Single Family Residence

Price Type --

A New Construction contemporary masterpiece nestled within prestigious Solitude, North Scottsdale awaits the discerning buyer. Built in 2024 and spanning over 5500 square feet with a separate casita, this architectural beauty designed by Swaback Architects and built by Sonora West Development, blends seamlessly with the desert landscape offering clean lines and a sophisticated façade that captures your attention, promising a home that is as stunning inside as it is out. The modern minimalist, open concept interior welcomes you with soaring ceilings, oak wood floors, custom chandeliers and high-end finishes throughout with over $895k in upgrades. Smart Home technology ensures every detail of modern living is at your fingertips, with an integrated audio visual system. More... A custom 490-bottle wine wall adds a touch of elegance in the entry and dining space of the home. The retractable doors leading to the exterior living space with a South facing backyard, mountain views. Enjoy the chilly Arizona evening with the in ceiling heaters and entertain with al fresco dining with a custom built in bar b que.

View Property

202 Calle Diamante -- Sedona, AZ 86336

$4,000,000

4 Beds

4 Baths

4,601 SqFt

Status Active

MLS # 6753553

Property Type Single Family Residence

Price Type --

Stunning custom home built in 2022 in the gated community of Casa Contenta. If you're looking for views, this is the home! From the moment you open the front door you will understand why this home is special. Light, bright, and open floor plan on the main level. Sliders lead you to an expansive patio that runs the width of the house with a covered BBQ area and overhead heater for those chilly Sedona evenings. Master shares a similar view with Jacuzzi tub, walk in shower, dual sinks, makeup area, and lastly a large closet with extensive build-outs. The downstairs area offers you a multitude of functionality. These 2 rooms can be bedrooms or a game room, media room, and/or office. Once you step into the backyard you will be blown away by the finishes. Beautiful red rock streaming fountain, built in gas fire pit, pavers, artificial turf, and a putting green. Plenty of covered patio with surround sound and a hot tub with miles of unobstructed views. Owner Agent. Some personal property available with separate bill of sale.

View Property

5101 N Casa Blanca Drive Unit 301 Paradise Valley, AZ 85253

$4,000,000

2 Beds

2 Baths

2,000 SqFt

Status Active

MLS # 6751923

Property Type Townhouse

Price Type --

Situated on a detached corner parcel for maximum privacy inside coveted Historic Casa Blanca Phase 3 lies this stunning Spanish/Moroccan contemporary with soaring views of Camelback and beautiful sunsets. Low care manicured landscaping complete with stone fountain and outdoor fireplace, 2 car garage, prime location for safety and tranquility. High ceilings with brand new Lutron lighting system, automated shades, everything new to the studs. Custom Thermador appliances. Marble and quartz counters, lots of natural light, soft oak floors and generous primary. Truly turnkey complete with an added custom built bar. Rich, timeless & elegant, enjoy tennis, pickleball, and 3 heated pools in the convenience of a manned guard gate. Minutes from Fashion Square Mall on most desirable street in PV. Paradise Valley's best shopping and restaurants.

View Property

9215 E Red Lawrence Drive Scottsdale, AZ 85262

$4,000,000

4 Beds

4.5 Baths

5,343 SqFt

Status Active

MLS # 6777014

Property Type Single Family Residence

Price Type --

This charming Lash McDaniels design home is nestled within the community of Carefree Ranch yet within close proximity of the gate. You are welcomed with a mix of warm earthy tones, a weathered brick accents and inviting wood courtyard gates. As you enter the home, you're greeted by a spacious foyer adorned with vintage decor and soft lighting. The living room boasts large windows flooding the space with natural light all while highlighting the warm wood details and cozy fireplace. Entertain family and friends in the intimate elevated formal dining room. The kitchen combines modern appliances with rustic cabinetry, creating yet another warm and inviting space which flows seamlessly into the breakfast area and family room. A cozy office with custom wood doors is a quiet oasis and just steps away from primary suite which features another inviting fireplace, sitting area and stunning views. On the opposite wing you will find two comfortable bedrooms, each with its own unique character and ample storage space. The private separate guest castia is sure to please all your guest with kitchenette and forever views. The patio spaces are a serene oasis with private pool and spa, multiple sitting areas, large fireplace and built in BBQ; relax and enjoy the amazing Arizona sunsets and stunning city iight views.

View Property

10537 E Mariola Way Scottsdale, AZ 85262

$4,000,000

5 Beds

5.5 Baths

6,012 SqFt

Status Active Under Contract

MLS # 6775444

Property Type Single Family Residence

Price Type --

View Property

24715 N 90th Way Scottsdale, AZ 85255

$4,000,000

3 Beds

4.5 Baths

4,734 SqFt

Status Active Under Contract

MLS # 6781426

Property Type Single Family Residence

Price Type --

Spectacular contemporary masterpiece built in 2022 by Sonora West Development and designed by Swaback Architects. This home is ''model perfect''and located in the prestigious gated community of Solitude in NE Scottsdale on a quiet N/S cul-de-sac lot. Breathtaking mountain & sunset views enjoyed from the luxurious backyard retreat with fully retractable 90 degree glass panel doors that merges indoor/outdoor living seamlessly. This home boasts soaring ceilings, an open concept w/clean lines and modern architect, wide plank wood flooring, high-end finishes, chandelier and upscale lighting that creates an atmosphere of sophistication and style along w/functionality. This 4734 square foot home offers 3bdrm/4.5 bath plus office/den and is designed to perfection. The backyard is a true ... oasis featuring thoughtfully designed mature landscaping, a beautiful pool, a cozy fire-pit conversation area, a large expansive patio, built-in BBQ, and multiple seating areas, all ideal for entertaining and relaxing. This exceptional property embodies the best of Arizona living and lifestyle and an entertainer's dream.

View Property

14675 E Paradise Drive Fountain Hills, AZ 85268

$4,000,000

4 Beds

5.5 Baths

7,624 SqFt

Status Active Under Contract

MLS # 6774625

Property Type Single Family Residence

Price Type --

VIEWS, VIEWS, VIEWS!! Celebrate the good life in this spectacular custom sanctuary and bask in stunning city light views, sensational sunsets and pristine mountain vistas in every direction. This timeless single story, European inspired, Tuscan home is warm and inviting, and it is thoughtfully designed with luxurious finishes and superior craftsmanship throughout the property. The well-appointed gourmet kitchen anchors the home, boasting an over-sized island and plenty of counter space for cooking with family and entertaining friends. Hand hewn beams, accent lighting, custom cabinetry, a large walk-in pantry and top-of-the-line appliances with a built-in pizza oven, complete the package.

View Property