What’s Ahead For Mortgage Rates This Week – January 9, 2017

2017 started with good news; fixed mortgage rates were lower, but the national unemployment rate ticked upward and labor reports showed fewer openings for public and private sector jobs. Construction spending was higher in November.

Mortgage Rates Lower; Construction Spending Higher

Freddie Mac reported lower average rates for fixed rate mortgages as the average rate for a 5/1 adjustable rate mortgage crept up. The average rate for a 30-year fixed rate mortgage dropped by 12 basis points to 4.20 percent; The average rate for a 15-year mortgage fell 11 basis points to 3.44 percent while the average rate for a 5/1 adjustable rate mortgage gained three basis points to 3.33 percent. Discount points averaged 0.50 percent for fixed rate mortgages and 0.40 percent for 5/1 adjustable rate mortgages.

Construction spending was higher in November according to the Commerce Department and reached the highest level since April 2006. The November reading was 0.90 percent higher as compared to an expected reading of 0.60 percent and October’s original reading of 0.50 percent, which was revised to 0.60 percent. Lower mortgage rates coupled with more construction could help ease low inventories of available homes and provide relief to first-time and moderate-income home buyers who’ve been challenged by rapidly rising home prices and mortgage rates.

Fewer New Jobless Claims: Unemployment Rate Rises

The government’s Non-Farm Payrolls report for December showed lower job openings for government and private sector employers with a reading of 156,000 jobs added against the expected reading of 180,000 job openings and November’s reading of 204,000 job openings.

ADP reported similar results for its December reading on private sector jobs; 153,000 jobs were created against November’s reading of 215,000 jobs created. Analysts said that hiring is increasing, but not as fast as in prior months. On average, 174,000 private-sector jobs were created monthly in 2016 as compared to a monthly average of 209,000 private sector jobs created in 2015.

Weekly jobless claims were lower last week with 235,000 new claims filed; 260,000 new claims were expected based on 263,000 new claims filed the previous week.

December’s national unemployment rate rose to 4.70 percent from 4.60 percent in November. Analysts said that the uptick was likely fueled by employers deleting former workers from their payrolls at year-end.

What‘s Ahead

This week’s scheduled economic reports include readings on job openings, consumer sentiment and weekly readings on new jobless claims and mortgage rates.

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 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

28327 N 164th Street Scottsdale, AZ 85262

$735,000

4 Beds

2 Baths

2,311 SqFt

Status Active

MLS # 6752370

Property Type Single Family Residence

Price Type --

Experience luxury living with breathtaking mountain views in this upgraded 4-bedroom, 2-bath home. From the moment you arrive, the refined stone accents, meticulous desert landscaping, and spacious 4-car garage set the stage for what's inside. The open living area features soaring ceilings, a stone fireplace, and expansive windows that frame stunning mountain views. The gourmet kitchen is a chef's delight with granite countertops, stainless steel appliances, double wall oven, and rich espresso cabinetry. The main suite offers plush carpeting, dual sinks, a walk-in closet, and direct backyard access. Outside, relax on the covered patio, enjoy the fire pit, or unwind in the hot tub! With space for toys or horses, this home blends modern luxury with the natural beauty of Arizona.

View Property

5016 W Yoosooni Drive New River, AZ 85087

$735,000

4 Beds

3.5 Baths

2,915 SqFt

Status Active

MLS # 6731298

Property Type Single Family Residence

Price Type --

SOLAR-OWNED, PLUS CASITA! Nestled in the beautiful Arroyo Grande community, this Majesty floor plan is a dream home! The kitchen features all new appliances (purchased in 2023), cherry wood cabinets, granite countertops and an extra-large island. A cozy family room and separate dining room are located off the kitchen with oversized windows overlooking the meticulously landscaped backyard. The primary bedroom is spacious with a luxurious bathroom which includes double vanity sinks, a separate tub and shower, and a huge walk-in closet. Extra finishes include crown moldings, plantation shutters, and epoxy garage floor. An attached casita offers a private, comfortable space for family or guests. The air conditioning units, water heater, and insulation were installed less than two years ago.

View Property

19080 E Oriole Way Queen Creek, AZ 85142

$735,000

6 Beds

4.5 Baths

4,083 SqFt

Status Active

MLS # 6692444

Property Type Single Family Residence

Price Type --

Nestled within the serene Cortina neighborhood of Queen Creek, discover this captivating residence. Boasting a convenient RV gate and proximity to esteemed schools, parks, dining options, and more, this home offers a lifestyle of ease and accessibility. Step inside to find a thoughtfully designed floor plan featuring a first-floor junior suite, a second-level loft, and an executive office, all bathed in natural light. Ascend to the upper level to retreat to the spacious primary suite, complete with a private balcony overlooking scenic views. With an expansive 4-car garage, this home effortlessly caters to your needs. Outside,the backyard beckons with its grass landscape and covered patio, perfect for outdoor relaxation and recreation.

View Property

23960 N 73rd Place Scottsdale, AZ 85255

$735,000

3 Beds

2.5 Baths

2,346 SqFt

Status Active

MLS # 6743568

Property Type Single Family Residence

Price Type --

Welcome to the beautiful north Scottsdale gated community of Los Portones. This 3 bd + den/office, 2.5 bath home is ready for you with a lovely heated private pool with 2 yr old pool filter, all new concrete tile roof this year, full exterior paint 8/2/24, main bedroom downstairs, and open, airy living spaces. The backyard boasts 5 citrus trees and lots of covered patio space. Home is offered furnished as well! Community pool and spa are just a block away.

View Property

18333 E Sunnydale Drive Queen Creek, AZ 85142

$735,000

3 Beds

2 Baths

1,502 SqFt

Status Active

MLS # 6750351

Property Type Single Family Residence

Price Type --

Charming and updated, this 3-bedroom, 2-bath home sits on a spacious .93-acre lot, offering plenty of room for expansion or customization. Over the past years, the home has seen significant upgrades, ensuring that the new owners can move in without needing to tackle any immediate projects. The property includes a 2-car garage, a fully covered patio, and a large open area perfect for your future plans. The home is also equipped with flood irrigation, a concrete fire pit, a small 4x6 shed, and a 12' gate providing access to the rear yard. Key updates include new windows (2019), exterior paint (2024), master bath renovation (2020), new flooring (2020), an HVAC system (2017), and a water heater (2018). No HOA, Irrigation, and Horse Property.

View Property

6911 E Russell Street Mesa, AZ 85207

$735,000

4 Beds

3 Baths

2,206 SqFt

Status Active

MLS # 6756635

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4-bedroom, 2.75-bath home, nestled in the desirable Las Sendas community of Mesa, Arizona. Built in 2019, this modern gem offers 2,206 square feet of beautifully designed living space. The home features a gorgeous custom kitchen, perfect for culinary enthusiasts and entertaining guests. Enjoy the privacy and security of a gated community while benefiting from the serene surroundings and exceptional amenities that Las Sendas has to offer. This property combines contemporary elegance with a welcoming atmosphere, making it an ideal choice for those seeking a comfortable and stylish living experience.

View Property

6925 E Paradise Lane Scottsdale, AZ 85254

New

$735,000

3 Beds

2 Baths

1,716 SqFt

Status Active

MLS # 6760370

Property Type Single Family Residence

Price Type --

Welcome home to this gorgeous single level home featuring 3 bedrooms and 2 bathrooms in the heart of Scottsdale. This home offers a open layout and is withing walking distance to Scottsdale Kierland. The primary bedroom is oversized with a walk in closet and exterior access to the amazing backyard featuring a gorgeous pool. The backyard features several areas for entertaining with a covered patio and large grass area. This neighborhood offers the convenience of shopping, nearby golf, restaurants and easy access to the 101.

View Property

6937 E Palm Lane Scottsdale, AZ 85257

New

$735,000

3 Beds

2 Baths

1,715 SqFt

Status Active

MLS # 6759218

Property Type Single Family Residence

Price Type --

Great South Scottsdale Location! Minutes to Old Town Scottsdale, Papago Park,the Desert Botanical Garden and close to all freeways. Charming remodeled home with a large open kitchen with granite countertops and lots of cabinets! Newer tile ,windows, Interior/Exterior paint, plumbing and lighting fixtures. Large Pantry and laundry room. Remodeled primary bathroom has double vanity and a spacious shower with a Rain-head. Large Grassy backyard ,great for entertaining! Washer, Dryer and refrigerator included. The two car garage completes this wonderful home!

View Property

18256 N 75th Avenue Glendale, AZ 85308

$735,000

3 Beds

3 Baths

2,896 SqFt

Status Active

MLS # 6738094

Property Type Single Family Residence

Price Type --

Discover this inviting home on a nearly half-acre lot in the coveted Hidden Manor neighborhood! With plenty of space for creative updates, this property is a blank canvas ready for your personal touch. Enjoy the expansive pool and exclusive shared access to a tennis court, perfect for active lifestyles and community fun. Hidden Manor offers a welcoming atmosphere and a strong community spirit. Don't miss this opportunity! Additional photos available!

View Property

4045 E Sierra Madre Avenue Gilbert, AZ 85296

$735,000

4 Beds

3 Baths

2,398 SqFt

Status Active

MLS # 6746497

Property Type Single Family Residence

Price Type --

Beautify Single-story home in Morrison Ranch neighborhood, featuring 4 bedrooms and 3 bathrooms with a flex room for Den/Study/Kid play function area. Convenient location close to gilbert school network and San Tan Village Commercial area, make the grocery shopping and dining as close as it could be. Open concept kitchen is fully equipped with custom white color cabinet, granite counters, center island with breakfast bar, stainless steel appliances. A neutral color tiles flow throughout the living area add modern and appealing design. All 4 bedrooms are spacious, with the master suite offers plush carpeting, a ceiling fan, a spacious walk-in closet, a dual sink vanity. The beautiful backyard showcases an extended covered patio adorned with desert landscaping, providing ample spa

View Property

17931 W Narramore Road Goodyear, AZ 85338

$735,000

3 Beds

2.5 Baths

3,174 SqFt

Status Active Under Contract

MLS # 6676475

Property Type Single Family Residence

Price Type --

BRAND NEW A/C COMPRESSORS 4/28 - Beautiful semi-custom TW Lewis Home located in the private gated Fairways community in Estrella. Enter the home through the private courtyard with fireplace, a great space for entertaining and quiet nights under the stars. As you walk through the door you will notice the 10-foot ceilings and open floor plan. The family room includes a gas fireplace and large windows letting in light and offering views to the sparkling pool. The expansive kitchen includes plenty of cabinets, a walk-in pantry, butler's space, and upgraded granite counters. The bedrooms are oversized and include walk in closets. The primary bedroom has a door leading to the backyard patio and double closets for plenty of storage. You will find a soaking tub and tiled walk-in shower in the primary bathroom. The dining room at front could be used as a den. The home has plenty of storage including a large laundry room and 3 car garage. The pool was built in 2016 by Presidential pools and includes a Baja deck and bubblers. Extra touches include Polar Shades at the back patio and a wine closet located off of the dining room which overlooks the courtyard. The Polar Shades create a private outdoor area while keeping you cool in the summer and warm in the winter. Enjoy the Estrella lifestyle with lakes, walking paths, award winning golf course, hiking trails, workout and community centers and more. Whether living year-round or part time you will feel like you are on vacation in this beautiful home.

View Property

11223 N 40th Street Phoenix, AZ 85028

$735,000

3 Beds

3 Baths

1,988 SqFt

Status Active

MLS # 6743157

Property Type Single Family Residence

Price Type --

Don't miss your chance to see this stunning, fully renovated 3-bedroom, 3-bathroom home with an office, a sparkling pool, and an exceptional outdoor entertainment area, all located near the highly sought-after Paradise Valley Mall. Cooking enthusiasts will fall in love with the chef's dream kitchen, complete with an induction cooktop and a full outdoor kitchen featuring a wood-fired pizza oven, two gas burners, and a propane grill. Imagine hosting poolside gatherings and inviting friends and neighbors to experience your outdoor oasis. Two expansive panoramic doors open fully, effortlessly blending indoor and outdoor living spaces to create a warm and inviting atmosphere. During the winter, relax in the cozy living room by the crackling fire that fills the room with a warm glow.

View Property