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 97th 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.

Whats 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

17234 N 28th Street Phoenix, AZ 85032

$679,000
2 Beds
2.5 Baths
1,600 SqFt
Status Active
MLS # 6769039
Property Type Single Family Residence
Price Type --
Come see the difference! A CUT ABOVE THE REST!~ A true Gem. A One-of-a-kind home that makes you feel like you are living in a resort. You could use home for a vacation rental or Air B & B. Has fully landscaped yard, low maintenance, fruit trees, Swimming pool with 3 waterfalls and a large Baja. Tile floors and 10' ceilings throughout, lots of cabinets, fans, quartz countertops, 2-12' sliding walls overlooking the pool, SW facing backyard, underground power, large 3 car garage, garden boxes, lots of decking, upgrades throughout the home. 8' interior doors. Electric blinds for sliding walls. Window coverings for all windows. 5 upgraded fan lights, wine fridge. Two master bedrooms. Horseshoe pit and more. Pre-wired for tank-less water heater. Powerful wall speaker sound system. Interior and exterior 4-wall mounted TV Very Private and security gate means no one will ever come knocking on your front door that was not invited. Total privacy you will love. Owner will sell furniture. Great house for entertaining in. Pool set up for volleyball with two shallow ends 3.5 to 5 Will sell turn key for Air B & B if desired. House features: List of amenities and upgrades. Quite Location, no overhead power lines to worry about. Copies of clean pest control report and building inspection available. Minor stuff on punch list. 1) Two Bedroom, 2.5 baths. 10' foot ceilings throughout 2) Tile floors throughout and tile in master shower and guest bath area. 3) Tile backsplash in kitchen and bathrooms 4) All walls 2x6 framing except west wall which is 2x8 framing to accommodate two 12' sliding walls/windows. 5) The two 12' sliding window doors are on the west wall overlooking the pool area and waterfalls. 6) Large kitchen island and substantial cabinets through out. 7) All quartz counter tops 8) Pre-wired for instant hot water inline heater. 9) Ground mounted, 4 ton heat pump electric 10) Five upgraded fan lights and lighting fixtures 11) Upgraded toilets 12) Fully insulated garage. 13) Three car garage has two bays with 8' tall doors with power door openers. 14) Quality Low-e windows. 15) Upgraded front entry door Therma-Tru door. 16) Pre-wired for stereo speakers inside and out on back deck with wall mounted 55 TV on back deck and quality wall Speakers installed by pool and powerful Bowers & Wilkins 5 star rated speakers in living area around 70 TV. Incredible sound for Stereo, TV and Movies. 17) Foundation has complete footings/slab. Large covered back deck 18) 14' by 28' in-ground swimming pool with three waterfalls and Baja. 19) ¼ acre level lot 20) Six citrus fruit trees. 2-Mandarin, 1- Grapefruit, 2-Orange, 1-Tangelo, 1 Plumb, 2 Nectarine, 1-Peach and 1 Pineapple Guava bush. 21) Block wall fencing around entire property 22) All underground city utilities, water, sewer and electric APS 23) Custom blinds all windows including remote controlled, $4,000.00 electric shades for sliding walls. Roll down shade blinds for patio. 24) 200 AMP main panel and 60 AMP Sub Panel for pool & hot tub. 25) Insulation R-19 walls and R-38 ceiling 26) Backyard has best, south and west exposure 27) Underground drainage pipes/system to, 2 detention ponds for storm run-off. 29) 240 sq. feet of brick pavers for extra patio area and driveway pavers to concrete slap for three cars. 30) Wine fridge installed. 31) No two story houses to block sunlight around pool area. 32) Pool safety fencing and gate stored in the garage 33) Built in desk area 34) Built in oven, microwave, dishwasher all electric 35) 40 gallon electric hot water heater. 36) Upgraded sinks and faucets. 37) Two garden boxes on east side of the home. 38) $7,000.00 entry security/privacy electric remote controlled gate, also keypad entry. 39) Fully landscaped low maintenance yard with quality landscape filter to prevent almost all weeds. 38) Drip watering system for fruit trees and garden boxes. 39) Two Ship Lap walls, one second master bedroom and one in family room area. There are two master bedrooms suites. 40) Water service in garage for garage fridge with ice maker. 41) Very secure location with 100% block wall and security gate. Total privacy and no one will ever be able to come knock on your door uninvited. 42) Nice friendly helpful neighbor. 43) Just shy ¼ acre level lot. 44) Will sell furnished or unfurnished or just some items. 45) Location is close to Hwy 51 and the 101. 46) 8' interior doors. 48) 7' by 7' Caldera Spa. New electronics.

11122 E Sleepy Hollow Trail Gold Canyon, AZ 85118

$679,000
3 Beds
2 Baths
1,854 SqFt
Status Active
MLS # 6679120
Property Type Single Family Residence
Price Type --
This home is in a great location in Gold Canyon a corner acre lot with NO HOA and has incredible views of the Superstition Mountains! The main house has 2 full bedrooms, a den and a loft that could be converted for an additional bedroom if desired! Plus, there is a separate one room Casita with a full bath for added space and the perfect mother-in-law set up! Private pool fully fenced along with the side yard that would be perfect for your pets. Enclosed 29x11 Arizona room allows for you to enjoy the views of the Superstitions right in the comfort of your home. 3 car garage has lots of additional storage and this home is ready for your personal touches and updates. You can paint your vision and improve to your tastes as the bones are good.

24482 N 173rd Lane Surprise, AZ 85387

$679,000 - 3Br/3Ba -  for Sale in Heritage Asante Parcel 3, Surprise
Open House
$679,000
3 Beds
3 Baths
2,187 SqFt
Status Active
MLS # 6785270
Property Type Single Family Residence
Price Type --
Unbelievably breathtaking views! Formally the builder's model home, built on a premium oversized lot overlooking the lake in the majestic gated community of Heritage Asante. From the immaculately landscaped backyard patio, just past the crystal blue pool and fire pit, you can enjoy nature's picturesque sunsets, mountain views, and evening skies, with the clubhouse just off to the right. The inside is equally as impressive! The 3 bedroom, 3 bath single level has a guest quarters with its own private outdoor space. The inviting open floor plan features meticulously thought out upgrades throughout that compliment the home wonderfully. Your own piece of paradise.

3990 Crown Rock Trail Prescott, AZ 86301

$679,000 - 2Br/3Ba -  for Sale in Granite Dells Estates Phase 2a & 2b, Prescott
Open House
$679,000
2 Beds
3 Baths
1,764 SqFt
Status Active
MLS # 6730757
Property Type Single Family Residence
Price Type --
Gorgeous home with so many thoughtful upgrades throughout. This 2 ensuite home also has a den/office/3rd bedroom. Light & bright great room with fantastic kitchen offering a large island with storage, custom 5 burner gas cooktop, built-in micro & wall oven & LED under cabinet lighting. Owner's suite has extra large bedroom, bathroom w/dual vanities & opalescent quartz tops, custom tile shower surround with bench & niche, walk in closet. The second ensuite down its own hall offering privacy. Enjoy back covered patio w/mature landscaping and extensive paver patio - area wired to add a hot tub. Plank tile throughout. Home across from open space, so enjoying the mtn views from front patio is a plus. Laundry room with custom cabinetry, granite tops & sink. 12 panel Solar is owned.

20230 W Hollyhock Street Buckeye, AZ 85396

$678,995
4 Beds
3.5 Baths
2,840 SqFt
Status Active
MLS # 6697536
Property Type Single Family Residence
Price Type --
Part of the Modern Living collection, The Darius provides a sophisticated and accommodating ranch-style layout. In addition to a lavish primary suite with a roomy walk-in closet and attached double-sink bath with an upgraded deluxe tile shower-this home includes a second primary suite with an adjacent living room, perfect for multi-generational living. You'll also enjoy a 3-car garage, a study, a great room with an adjacent covered patio-featuring multi-slide doors, two additional bedrooms that share a jack and jill bathroom, and an inviting gourmet kitchen with a generous island, built-in pantry, 42'' white cabinets with matte black pulls, quartz countertops, tile backsplash, GE Plus stainless-steel appliances with chimney hood and 36'' gas cooktop and an adjacent dining nook. This home has contemporary square casing throughout, 9 x 35 tile flooring with carpet only in the bedrooms, matte black hardware. lighting and faucet packages throughout, pendant lighting at the kitchen island, and a full wet bar with upper and base cabinets in the guest living room. In addition, 10 ft ceilings, two-tone paint, ceiling fan prewires in the bedrooms, great room, study and covered patio, soft water loop in the garage, laundry sink pre-plumb, garage service door, paver driveway and walkway, front yard landscaping and exterior coach lights are also included. This home is situated on an 8760 square foot lot with a double side gate.

3131 N Central Avenue Unit 4012 Phoenix, AZ 85012

$678,917
2 Beds
2 Baths
1,419 SqFt
Status Active
MLS # 6599088
Property Type Apartment
Price Type --
*Construction completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom+ den condo is one of the larger two bedroom floor plans and 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. Spacious balcony to capture the amazing views while outside as well. 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.

16074 W Cortez Street Surprise, AZ 85379

$678,910
4 Beds
3.5 Baths
3,348 SqFt
Status Active
MLS # 6691064
Property Type Single Family Residence
Price Type --
Wow!! A Must See!! Gorgeous two-story home nestled in the highly desirable community of Greer Ranch with indoor-outdoor resort-style living. As you walk through the courtyard with mature landscaping you will enjoy its timeless beauty. This spacious 4 bedrooms/3.5 bathrooms with 1 bedroom & 1.5 bath located downstairs flows seamlessly from room to room. Large master suite, master bath vanity has granite counter tops with double sinks, separate shower, relax while soaking in the large garden tub. Nice size master walk-in closet will check all your boxes! A cozy family room with new carpet. Gorgeous eat-in-kitchen is fit for entertaining and features granite counter tops, island for extra prep & storage, stainless steel appliances, gas stove/oven, R/O drinking water system. Head upstairs to a large loft, master suite & bath, 2 bedrooms & second bath also with granite counter tops. Ceiling fans throughout. Resort-style desert oasis backyard features covered patio, travertine decking throughout the back yard, sparkling saltwater pool that includes a water feature and electric heating /cooling system to help with the colder nights and warmer days, and lighting to give it that amazing ambiance. Gorillas' basketball hoop with concrete court. 3 car extended garage with a 2/1 split. Gated dog run with dog door. This home also includes automated smart home switches and paid solar system to help with energy cost. This home is ideally located less than a few minutes from Route 303, premier dining, shopping, entertainment and much more. This home is truly a must see! Don't miss your chance to own this distinctive home and start making heart warm memories with your friends and family!

3149 S Sierra Heights Mesa, AZ 85212

$678,900
5 Beds
3 Baths
3,360 SqFt
Status Active
MLS # 6766708
Property Type Single Family Residence
Price Type --
WELCOME HOME! This AMAZING property is situated on a corner lot and offers ample interior and exterior space. Equipped with a large RV gate, you can easily get your toys pulled in, with exterior 220v outlet. The back yard is an oasis featuring ,a waterfall, gazebo, putting green. All with plenty of space to expand! Relax in your private Master suite featuring your own private deck to enjoy those cool evenings. This home is a 5 bedroom 3 bath home with plenty of space for your family. This home also features NEW windows, new flooring, new roof, new doors, and the pool was recently resurfaced adding to the value of this home. It is truly a must see!

21521 S 215th Place Queen Creek, AZ 85142

$678,000
5 Beds
3 Baths
3,595 SqFt
Status Active Under Contract
MLS # 6531657
Property Type Single Family Residence
Price Type --
New Carpet and New Interior and Exterior Paint are COMPLETED. Rare To Find. Beautiful Former Model House w/ Private Pool & Basement. Large Adorable Kitchen with lots of Cabinet space and build in desk. 5 Bedroom w/ Den PLUS Large BASEMENT. Grass Front and back yards with private pool. Beautiful Master bedroom with separate walk-in Shower and Spa Tub. Very Low maintenance front and back yard. PLEASE WATCH Video!!

5816 E Rose Garden Lane Phoenix, AZ 85054

$677,990 - 3Br/3Ba -  for Sale in Desert Ridge Superblock 1 Southwest Phase 3, Phoenix
Open House
$677,990
3 Beds
2.5 Baths
2,120 SqFt
Status Active
MLS # 6780939
Property Type Townhouse
Price Type --
IGNORE DAYS ON MARKET HOMES ARE ALMOST DONE PICTURES COMING SOON! Nestled in the hustle and bustle of the gorgeous community of Talinn at Desert Ridge you will find a charming floorplan welcoming a family ready to start their next journey. This 3 bed 2.5 bath with a den and a loft gives you more than enough space to grow! Having quartz countertops, white cabinets and wood-like tile helps keeps the home trending every year! Make this home your home in September when we finish construction, don't wait as this will go fast.

21421 E Roundup Way Queen Creek, AZ 85142

$677,500
6 Beds
5 Baths
3,527 SqFt
Status Active Under Contract
MLS # 6697761
Property Type Single Family Residence
Price Type --
***5,000 Credit towards closing costs!! Welcome Home! This beautiful Richmond American home is ready for you and your family to enjoy and create amazing memories. With 6 bedrooms and 5 bathrooms you will have plenty of room for your family and endless possibilities for working from home or caring for an aging loved one; with two bedrooms and 2 full bathrooms downstairs. Enjoy the new sparkling pool and putting green in the backyard. Granite countertops and upgraded kitchen make it a wonderful environment to cook and enjoy family. Newer exterior paint and Air Conditioning make this home move in ready. Low maintenance yards will allow you to spend time enjoying life.

2444 W Rowel Road Phoenix, AZ 85085

$677,475
4 Beds
3.5 Baths
2,511 SqFt
Status Active
MLS # 6743070
Property Type Single Family Residence
Price Type --
NEW HOME - DREAM LOCATION! This home at Aster in Union Park includes 2,511 sq ft of living space, 4 bedrooms, 3.5 bathrooms, and a 2-car large garage. Interior design features include Elevated C design upgrades, including 42'' Burlap cabinets, quartz countertops, custom backsplash, large island, 6x36'' tile, stainless-steel gas range kitchen appliances, single bowl sink. All bathrooms have quartz countertops with Kohler undermount sinks. Quality and Energy efficiency includes tankless hot water heater, Tech Shield roof barrier and blown in wet cellulose insulation. EVO smart home technology included. Union Park, residents can indulge in amenities including a pool, clubhouse, playgrounds, pickleball and basketball courts.

Leave a Reply

Your email address will not be published.