What’s Ahead For Mortgage Rates This Week – January 30, 2017

Last week’s economic news included readings on new and existing home sales and mortgage rates. Also released were reports on new jobless claims and consumer sentiment.

New and Existing Home Sales Lower in December

According to the U.S. Commerce Department, sales of new homes fell to 536,000 sales on a seasonally-adjusted annual basis. This reading was markedly lower than the expected rate of 595,000 sales and November’s reading of 598,000 sales. Analysts said that the drop in new home sales indicated that the housing sector is still experiencing a rocky recovery. December’s reading for new home sales was 10.4 percent lower than December’s adjusted reading of 598,000 sales. December’s reading was 0.40 percent lower year-over-year.

The median sale price of new homes was $322,500 in December, which was 4.30 percent higher than in November and 7.90 percent higher than in December 2015. The dip in sales has increased inventory of available homes to a reading of 5.80 months needed to sell all new homes presently available. Real estate pros typically consider a six-month supply of homes for sale a normal inventory.

In related news, sales of pre-owned homes were also lower in December. The National Association of Realtors® reported December sales at 5.49 million on a seasonally-adjusted annual basis; this reading was lower than expectations of 5.51 million sales and November’s reading of 5.65 million sales. The slower rate of sales may signal that home prices have topped out; there is also a very low inventory of available pre-owned homes for sale as compared to demand. Sales of pre-owned homes were 2.80 percent lower than November’s reading, which was the highest rate of existing home sales since 2007. Sales of pre-owned homes were 0.70 percent higher year-over-year.

Winter weather and holidays may have contributed to lower home sales in December, but higher prices, tough mortgage requirements and a low supply of available pre-owned homes were seen as obstacles to completed home sales for December.

Mortgage Rates Mixed, New Jobless Claims Rise

Freddie Mac reported higher fixed rates for mortgages last week. The average rate for a 30-year fixed rate mortgage rose 10 basis points to 4.19 percent; the average rate for a 15-year fixed rate mortgage rose six basis points to 3.40 percent. The average rate for 5/1 adjustable rate mortgage fell by one basis point to 3.20 percent. Discount points for fixed rate and 5/1 mortgages averaged 0.40 percent.

New jobless claims exceeded expectations of 250,000 new claims with a reading of 259,000 new claims and the prior week’s reading of 237,000 new claims. Analysts said that volatility is common with new jobless claims in January. There were few layoffs reported and good news that the new jobless claims rate remained below the benchmark reading of 300,000 new claims for the 99^th consecutive week. This milestone was last seen in 1970.

The four-week rolling average of new jobless claims fell by 2000 to an average of 245,900 new claims filed; this was the lowest reading since 1973.

Consumer sentiment rose to 98.5 which surpassed the expected reading of 98.2 percent and December’s reading of 98.1 percent.

What‘s Ahead

Multiple readings on housing and labor related data will be released this week. Scheduled releases include pending home sales, Case-Shiller Housing Market Indices and construction spending. Reports on inflation and core inflation are due along with readings on non-farm payrolls, ADP payrolls and the national unemployment rate.

What’s Your Home Worth?

Search for Your New Home

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 HomeOtherSingle 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

9697 E Three Canyons Road Hereford, AZ 85615

$850,000

4 Beds

3 Baths

3,160 SqFt

Status Active Under Contract

MLS # 6699015

Property Type Single Family Residence

Price Type --

Here is a rare opportunity to own a Southwest contemporary style home in the prime gated community of Three Canyons Ranch. Custom built in 2005 by Walston Custom Homes, it is situated on a 14.73 acre corner lot just off a paved Three Canyons Road. With 2,325 square feet of thoughtfully designed living space in the main house, owned solar panel system, and an attached 2 car garage, this property offers more than most. A recently added 835 square foot detached, pool house with a ¾ bath, roll-up glass door, and an attached 2.5 car extended garage affords an area for hobbies, recreation, or guest quarters. The scenic backyard oasis features a stunning pool, exquisite landscaping, and awe-inspiring views. Too much to mention here. See Home Features, Upgrades & Amenities list in document tab.

View Property

36444 S Us Highway 85 -- Unit 13 Buckeye, AZ 85326

$850,000

4 Beds

2.5 Baths

2,028 SqFt

Status Active

MLS # 6719101

Property Type Single Family Residence

Price Type --

Embrace the allure of magnificent sunsets, glass-smooth water for skiing, & miles of wilderness for ATV riding. Lakeside Ski Village is a private, gated enclave with 21 homes on 2 tournament ski lakes, with 2 regulation slalom courses & jump ramp. Enjoy oversized garages, a climate-controlled RV garage with 220V power, & full home reverse osmosis water filtration, plus NEW HVAC. This home includes a covered dock w/ a boat lift. Lakeside is the only ski community in AZ with an on-site gas dock, making your lake adventures hassle-free. With the lowest HOA fees of any AZ tournament lake, it includes an on-site caretaker for the common area. Don't miss this exceptional opportunity.

View Property

42008 N Astoria Way Anthem, AZ 85086

$850,000

4 Beds

3.5 Baths

3,364 SqFt

Status Active

MLS # 6664607

Property Type Single Family Residence

Price Type --

This Anthem Country Club 4 Bedroom features a guest casita with a full bathroom and private entrance. Enjoy a serene front courtyard with a soothing water fountain. Inside, the home boasts neutral colors throughout complemented by18-inch diagonal tile and textured carpeting. The kitchen is a chef's delight, equipped with a skylight, stainless steel appliances, double oven, microwave, gas cooktop, granite countertops, raised cabinetry, a breakfast bar, and a generously sized walk-in pantry. With a split floor plan including three bedrooms plus a den, privacy is ensured. Additional highlights include a Jack and Jill bathroom and built-in garage cabinets. Outside, savor views of the desert wash and Daisy Mountain. Buyer to verify all information.

View Property

1 Easy Street Unit 8 Carefree, AZ 85377

$850,000

3 Beds

3.5 Baths

2,191 SqFt

Status Active Under Contract

MLS # 6673085

Property Type Townhouse

Price Type --

This unique location offers the epitome of luxury and convenience, where every amenity is just steps from your doorstep in this upscale community. This 2 bedroom, 2.5 bath townhome has a Den, that could be an office or an optional 3rd bedroom. From the moment you enter, you'll be captivated by the open concept design, gourmet kitchen, and opulent primary suites. The amazing mountain views that surround this community only enhance the tranquil, luxurious atmosphere. Community features Pool, Spa, Putting Green, Bocce

View Property

3130 S Valle Verde Circle Mesa, AZ 85212

$850,000

5 Beds

3 Baths

3,113 SqFt

Status Active

MLS # 6729994

Property Type Single Family Residence

Price Type --

Wow! Unparalleled beauty & extraordinary craftsmanship are shown in this contemporary masterpiece. This cul-de-sac property boasts a 3-car garage, RV gate, fresh exterior paint & a welcoming front porch. As you enter, you'll be in awe by the sleek & modern design this gem showcases! Wood-look tile & vinyl flooring, upscale ceiling fans, chic light fixtures & windows galore enhance the overall ambiance. Discover a bright living room, sizable bonus room/ den with double doors & a desirable great room complemented by a fireplace, pre-wired surround sound & wine coolers. The chef's kitchen won't disappoint, with stainless steel appliances such as wall ovens & cooktop gas, a plethora of shaker cabinetry, quartz counters, an oversized center island with a breakfast bar & subway tile backsplash. The impressive owner's retreat highlights a private balcony, sitting room, fireplace, and an elegant ensuite comprised of dual sinks, garden tub, rain shower head, and a walk-in closet. Continue outside to the stunning backyard, which provides a covered patio and fenced sparkling pool with rock waterfall. This gorgeous home is sure to delight!

View Property

23116 N 94th Lane Peoria, AZ 85383

$850,000

4 Beds

3.5 Baths

3,003 SqFt

Status Active

MLS # 6750543

Property Type Single Family Residence

Price Type --

Fantastic Corner lot with no neighbors on 2 sides. Located in the popular Meadows neighborhood - this 4 bedroom, 3.5 bath plus Den and flex room home has all the space you are looking for. Wonderful open concept floor plan with large great room and fantastic kitchen featuring rich designer cabinets, beautiful countertops and backsplash, stainless appliances, nice sized walk in pantry and the perfect dining area. Generous sized primary bedroom with en suite bath featuring dual vanities, large shower and walk in closet. Separate den with it's own private patio space! Large back yard with covered patio, additional travertine paved area for outdoor dining, artificial turf and raised garden beds. 3 car tandem garage. This special home has it all and then some!!

View Property

9782 W Buckhorn Trail Peoria, AZ 85383

$850,000

4 Beds

3 Baths

2,872 SqFt

Status Active

MLS # 6757112

Property Type Single Family Residence

Price Type --

Experience luxury living in this sensational home nestled within the gated community of Pleasant Valley. Meticulously maintained by the original owners, this single-level floorplan is designed for effortless entertaining or quiet relaxation. The chef's kitchen boasts extensive cherrywood cabinets, granite countertops, updated stainless steel appliances, and a large kitchen island that overlooks the family room featuring a cozy fireplace. French doors lead to a lush, private backyard, highlighted by a serpentine stacked stone pool with a rock water feature. Enjoy ultimate privacy with no neighbors behind, creating the perfect oasis. This home also offers a spacious 3-car garage with a 4' extension, along with an RV gate and RV parking. Owned solar with a battery back up for energy savings.

View Property

9225 E Barn Wood Lane Prescott Valley, AZ 86315

$850,000

4 Beds

3 Baths

2,299 SqFt

Status Active

MLS # 6757436

Property Type Single Family Residence

Price Type --

Custom designed horse set up built in 2021 at the back of the property is a horse lover's dream! This little ''farmette'' just needs your horses and chickens and it is turn-key! Inside the home features a Spacious Island Kitchen with loads of counter space and open to the gourmet kitchen complete with a new Wolf stove. Separate living room and Great room + 4 bedrooms. High End surround sound in family room and outside patio areas. Fully fenced back yard with excellent landscaping and lots of trees, Amazing well! Enjoy the master suite with large bath with jetted tub & Separate shower along with a massive walk in closet. 3 other good sized bedrooms perfect for family and guests. Solar system for low electric bills! A super opportunity for an amazing home. Extended 3 car garage, RV parking on the side + a large storage shed, roof is 8 years old. Built in cabinets in the garage. Security cameras on exterior of the house along with a ring doorbell system. New high end water filtration system installed includes RO system and water softener.

View Property

563 E Krista Way Tempe, AZ 85284

$850,000

5 Beds

3 Baths

2,763 SqFt

Status Active

MLS # 6749302

Property Type Single Family Residence

Price Type --

This elegant two-story home, situated in a desirable gated community of Coventry Tempe, offers modern design and thoughtful upgrades throughout. As you enter, the high ceilings create a sense of openness and light. The main floor features a large, open-concept kitchen with upgraded appliances, stylish cabinetry, and a generous island, making it ideal for both everyday entertaining. The well-planned layout includes a true five-bedroom, ensuring ample space for everyone, including 2 bedrooms and full bathroom downstairs. The primary suite is a comfortable retreat, featuring a spacious bathroom with matching designer tiles, dual vanities, a soaking tub, and a separate walk-in shower. Each of the three full bathrooms in the home has been carefully upgraded, showcasing quality finishes. The backyard is perfect for entertaining, complete with a pool and an extended patio area that provides plenty of room for outdoor dining. Despite the pool, the backyard still offers enough space for additional landscaping. This home blends style, comfort, and practicality in a beautifully designed package. Let's get you here!

View Property

1725 W Bramble Berry Lane Phoenix, AZ 85085

$850,000

5 Beds

2.5 Baths

2,836 SqFt

Status Active

MLS # 6741625

Property Type Single Family Residence

Price Type --

Welcome to Sonoran Foothills! A GATED COMMUNITY that is tucked away yet so close to the growth that is NORTH GATEWAY; TSMC chip plant, Honor Health Sonoran Crossing, North Gateway Core. Not to mention miles of hiking/biking trails just to the east at Sonoran Preserve. You'll be able to relax and enjoy your UPDATED HOME on a (nearly) 1/4-acre lot with sparkling PRIVATE POOL. Updates include kitchen, baths, flooring, California Closets, Kool Decking, and FULL HVAC. Or take a stroll to the community center where you can enjoy a workout, tennis, pool, children's play areas, a dog park and more! This home is truly MOVE-IN READY and the LOCATION couldn't be better. Agents... we look forward to seeing you and your buyer clients very soon. I'm here if you have any questions at all!

View Property

3212 E Constance Way Phoenix, AZ 85042

$850,000

3 Beds

2.5 Baths

2,588 SqFt

Status Active

MLS # 6725328

Property Type Single Family Residence

Price Type --

Gated community at the base of South Mountain with a cool green common area for getting in your steps and playing for kids and dogs! Quiet interior lot with views of South Mountain, trails are steps from your door for hiking and mountain biking the miles of trails at So Mtn Preserve and the canals. Central location minutes to the airport, downtown, ASU and East and West Valley. Impressive entry with brick driveway, stone rotunda with massive iron gated door! 20 inch travertine tile, 8 foot doors, 10 foot coffered ceilings with double crown molding, carved granite gas fireplace, art niches, and wood plantation shutters throughout! Gourmet kitchen with a floorplan perfect for entertaining. Patios provide outdoor enjoyment off of all the main rooms including primary master suite! 3car garag Central vac, soft water and RO drinking water filtration. 11 premium ceiling fans. Epoxy garage floors and lemon and lime tree in backyard!

View Property

4226 N Whispering Pines Road Pine, AZ 85544

$850,000

2 Beds

4 Baths

2,250 SqFt

Status Active

MLS # 6732392

Property Type Single Family Residence

Price Type --

This property is truly amazing. Sunsets, stars, and peaceful living surrounded by National Forest on 1 full acre of fenced (horse) property in the highly desired Pine Ranch 2 area. VIEWS of the Rim, nature & trees out every window! Beautiful and newer 2009 Douglas Fir Log Cabin Home. Flowing, Open-Concept floorplan. Two story, Lodgepole embellishments throughout, 4 Bathrooms (incl clean ¾ BA in garage), semi-split floorplan, large LOFT (w/ bath, and can become enclosed bedroom as builder references it as BDRM 3). FOUR CAR garage with overhead usable space above. Drive in the gate and onto a RV Pad and full hookups for your recreational vehicle needs (on right). Front porch/deck/garden/enclosed + an entertaining large rear deck. Gas stove/range. Master suite has closets galore. Multiple other closets/storage throughout. Under-deck buildup you can stand/work in. Indoor laundry with washer/dryer included. Windows are floor to ceiling. Outdoor yard areas suitable for entertaining friends and family. Nestled quietly a mile up the road, but so convenient to dining, shopping, trails and off-road fun in the cool mountain town of AZ that is centrally located to everything. The owner knows the next homeowners will have many years of enjoyment living here, just as they have. Don't miss this opportunity!

View Property