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

15433 N Verde Street Surprise, AZ 85378

$720,000

5 Beds

3 Baths

4,031 SqFt

Status Active

MLS # 6717764

Property Type Single Family Residence

Price Type --

Absolutely stunning custom-built home that will AMAZE you! This modern style home built in 2022, boasts of 5 bedrooms, 3 full baths, 3-car garage, and an expansive 4,031 square feet of living space. This home has been meticulously designed for both lavishness and entertainment. Inside you will find an amazing entrance into an open concept floor plan with custom features and outstanding design elements including soaring ceilings and floor to ceiling picture windows that fill the inside with natural sunlight. The kitchen consists of an oversized waterfall island, double ovens, wine cooler, soft close cabinets and huge walk-in pantry. The great room has a sleek fireplace and easy access to your theatre room ideal for movie night or simply unwinding in style. The upstairs access is followed by an elegant glass railing and deck that oversees the great room and entrance of the home. The spacious primary suite complete with a spa like en- suite bathroom that features dual sinks, soaking tub, a walk-in shower, and a large built out master closet. Four additional bedrooms offer ample proportions and closet space. Step outside to your very own desert retreat to find an incredible number of amenities including a sparkling self-cleaning pool with water fall feature, a huge covered patio, propane fireplace, modern iron RV gate, custom designed ramada with a built in BBQ, wine coolers, electric fireplace, ceiling fan and breakfast bar for entertainment. The landscaping is short from basic surrounded by privacy trees, artificial turf areas, pavers and travertine flooring. This home is uniquely built to meet all your needs.

View Property

15156 W Las Brizas Lane Sun City West, AZ 85375

New

$719,999

3 Beds

2.5 Baths

2,265 SqFt

Status Active

MLS # 6757906

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Sun City West! This stunning 3-bedroom, 2.5-bathroom residence with a den is a true gem, perfectly situated on the 6th hole of the Desert Trails Golf Course. With over $140,000 in upgrades, this property seamlessly combines luxury and comfort. Step through the brand new 8ft iron door and into a world of sophistication, where you'll find a gourmet kitchen featuring exquisite granite countertops, premium gas cook top and modern appliances, perfect for culinary enthusiasts. All bathrooms have been thoughtfully remodeled, showcasing stylish finishes and fixtures that elevate everyday living. The home is even equipped with automated rolling safety shutters. The roof was replaced in 2021, and with 51 owned solar panels, your average summer electricity bill is an incredible $15, making this home energy-efficient and cost-effective. Offering spacious living areas, this home includes three generously sized bedrooms plus a den, ideal for a home office or additional guest space. The 2-car garage comes equipped with an additional stall designed specifically for a golf cart, ensuring convenience for golf lovers. Enjoy breathtaking views of the golf course while relaxing in your oversized backyard patio, creating an outdoor oasis for entertaining or unwinding. This property is not just a home; it's a lifestyle, whether you want to relax with your steam shower in the primary bath or enjoy the evening on your oversized 25 x 31 patio. You have access to top-notch amenities, recreational opportunities, and a vibrant community. Don't miss out on this exquisite home! Schedule your private tour today and experience the luxury and tranquility this property has to offer!

View Property

11035 E Ulysses Avenue Mesa, AZ 85212

$719,995

4 Beds

2.5 Baths

2,980 SqFt

Status Active

MLS # 6708132

Property Type Single Family Residence

Price Type --

This wonderful two-story 4 bedroom, 2.5 bath upgraded quick move-in home is designed beautifully with tile flooring and upgraded carpet, upgraded kitchen cabinetry, countertop & KitchenAid appliances. Additional upgraded cabinetry with soft close and dovetail construction added throughout the home, plus more. The laundry room is located on the second floor along with the primary bedroom, 3 secondary bedrooms and a loft space big enough to entertain the whole family. This home is a must see and wont last long. This is your opportunity to experience Toll Brothers Luxury at the right price.

View Property

7699 W Tether Trail Peoria, AZ 85383

$719,990

3 Beds

2.5 Baths

2,495 SqFt

Status Active

MLS # 6714648

Property Type Single Family Residence

Price Type --

Welcome to Ashton Woods newest community in Peoria -The Sanctuary at Aloravita. This 2,495 Topaz floorplan features a Modern Desert elevation and includes 3 bedrooms, 2.5 baths, and a 3-car tandem garage. The massive kitchen island is perfect for family and friends to gather as it opens to the home's great room for easy entertaining. The kitchen includes stainless steel appliances with a gas cooktop, large undermount sink, beautiful white shaker style cabinets, cabinet hood, quartz countertops, and a must see Butler's Pantry. Other features include, 8' interior doors, wood plank floor tile, upgraded carpet/pad, and a soft-water loop in the 3-car tandem garage.

View Property

6722 N 190th Drive Waddell, AZ 85355

Open House

$719,990

4 Beds

3 Baths

2,834 SqFt

Status Active

MLS # 6739898

Property Type Single Family Residence

Price Type --

Montoro floor plan with 4 bedrooms + dining and 3 baths. Large multi slide door off the great room and leads out to the extended covered patio. Pavers at drive, walk and entry. 8' tall garage door with two controls. 36'' cooktop in stainless steel, wall oven, micro and glass canopy hood. Barnett Maple Boulder (Gray) cabinets with 42'' kitchen uppers. Pull out trash drawer with two bins. AZT Hana Sky Quartz countertops in kitchen and undermount single bowl sink. Upgrade flooring includes Dt Valance VL53 Grey 6x24 plank tile in all areas except beds/closets. 5'' baseboards throughout with 3 1/4'' baseboards. gas stub out, interior two tone paint ''Whiskers'' and so much more. Completion in November.

View Property

5651 W Abraham Lane Glendale, AZ 85308

$719,900

3 Beds

2 Baths

1,968 SqFt

Status Active

MLS # 6757000

Property Type Single Family Residence

Price Type --

LAKE FRONT PROPERTY in the Highly sought after Arrowhead Lakes!! Enjoy amazing AZ sunsets from your own dock! Backyard boast peace and serenity with stunning mountain and lake views!! Low maintenance yard with Extensive hardscape, artificial turf allows you more time to enjoy those gorgeous sunsets, fishing or stargazing right off your own boat dock. Recently renovated the boat dock is also low maintenance with long lasting poly wood deck. Located on a cul-de-sac street for low traffic, this 3 bedroom 2 bath, features a 3 car garage with built in cabinets and epoxy floor. Step inside to be greeted by that stunning view through the rear windows for the home. Formal living and dinning room allow for additional living space for home office, home school or large holiday gatherings. The heart of the home situated off the back of the house to maximize the lake view is an open concept with family room and breakfast nook, featuring newer stainless steel appliances, granite counters and neutral paint scheme. Spacious Owner's suite, with cathedral ceilings, yet again taking in those picturesque lake views! Owner's baths features TWO walk in closets, double sinks, large garden tub, walk in shower and private toilet room. Both bedrooms 2 & 3 have vaulted ceilings giving them a more spacious feel. All this located minutes to the 101 Fwy for easy commutes and all the shopping and entertainment the Arrowhead area allows.

View Property

16035 W Questa Drive Surprise, AZ 85387

$719,900

4 Beds

3.5 Baths

3,130 SqFt

Status Active

MLS # 6758478

Property Type Single Family Residence

Price Type --

HUGE PRICE CORRECTION!! CHECK IT OUT!! New construction NOW Available for Immediate Occ. This single level 3130 SF single level 4 BR, 3.5 BA home is located on a north south facing home site. Exciting included features include - 10' ceilings, 8' doors, 4 car garage, gourmet kitchen, spa shower, garage service door, tank less water heater, landscape credit. Upgraded Cabinets, with 42'' uppers, slate stain, Large kitchen Island with Prep Area. plank tile floors through out, Quartz countertops, tile backsplash, Nickel bath and door hardware. Plank floor tile, Quartz Tops, Tile Kitchen Backsplash, 4'' wood Shutters on all windows, Indoor air plus and Energy Star Qualified. 5 Star Resort Style Amenities include, hiking trails, Aquatic Center, 8 select parks, Picnic Ramada's, Basketball, 3 Pickle Ball courts, bocce ball courts, 18 hole disc golf course, and a Zip Line for the kiddos! This home is Energy Star and Indoor Air Plus qualified. Includes full Builder Warranties plus so much More..

View Property

15308 W Coolidge Street Goodyear, AZ 85395

$719,900

4 Beds

3 Baths

3,290 SqFt

Status Active

MLS # 6750987

Property Type Single Family Residence

Price Type --

Welcome to your beautiful home in the highly popular Palm Valley community. This home features 4 large bed/3 full bath, a formal living and dining room, and a spacious den. The home also features an elegant kitchen with beautiful granite countertops, matching appliances w/ built-in microwave, a spacious walk-in pantry, and great countertop and cabinet space. The primary suite features a full bath with dual vanities, a private toilet room, large garden style soaking tub, and large walk-in closet. Out back you'll find a gorgeous pool and large covered patio perfect for entertaining.

View Property

8408 E Lewis Avenue Scottsdale, AZ 85257

$719,900

3 Beds

2 Baths

1,590 SqFt

Status Active

MLS # 6738224

Property Type Single Family Residence

Price Type --

Recently upgraded and renovated throughout, mid century South Scottsdale home in desirable neighborhood with pride of ownership boasting large open great room concept to all new chef's kitchen with white cabinets,granite w/waterfall detail,subway tile,Kitchenaid stainless appliances,gas cooktop farmhouse sink. Neutral large tile throughout & carpet in bedrooms + new baseboards.Home is light & bright with new plantation shutters. New modern custom interior closet doors & garage floor epoxy.& cabinets. Dual pane widows and fans.Sparkling diving pool with newer pool motor filter & cleaner.Large grassy play area & charming gazebo plus RV gates. Currently has tenants in place for the next 8 months, they are open to continuing lease or ending the lease early as well for the buyer

View Property

14421 N Buckthorn Court Fountain Hills, AZ 85268

$719,900

3 Beds

2 Baths

2,101 SqFt

Status Active Under Contract

MLS # 6721640

Property Type Single Family Residence

Price Type --

Welcome to your dream oasis in Sunridge Canyon! This stunning single-story home offers the epitome of comfort and elegance, nestled in the serene neighborhood of Sunridge Canyon. As you step into the foyer, you're greeted by a spacious formal living, ideal for hosting guests. Adjacent is a refined formal dining room, perfect for memorable dinners with loved ones. The open concept kitchen and family room with a gas fireplace provides ample space. The primary suite features a beautifully updated primary bathroom, complete with modern fixtures and a luxurious walk-in shower, offering a private retreat after a long day. The primary bedroom boasts a vaulted ceiling, enhancing the sense of space and airiness, creating a tranquil haven for relaxation. Outside, a sparkling pool with spa awaits, surrounded by lush landscaping, creating a private oasis perfect for entertaining or simply enjoying the Arizona sunshine. This meticulously maintained home has had one owner since 2003 and it shows. This home sits on a quiet cul de sac near lots of walking paths, parks, shopping and just a short drive to Shea. This home won't last long in this condition for this price.

View Property

1437 W Iris Drive Gilbert, AZ 85233

$719,900

4 Beds

2 Baths

2,282 SqFt

Status Active

MLS # 6725877

Property Type Single Family Residence

Price Type --

Wow hurry to see this ''new'' home in the Islands. This home has been extensively renovated with an all new kitchen including furniture dove tail construction, all plywood box cabinetry with self closing/quite closing hinges, quartzite counters, new stainless steel sink, faucet and and a stainless steel appliance package. The primary bedroom has been fully renovated with an unbelievable spa bathroom including a 4' x 7' walk in dual head shower system. New cabinetry and quartzite counters. Large great room with a built in entertaining area including a beverage refrigerator. New lighting throughout, new ceiling fans new flooring in the kitchen and bedrooms, new plumbing fixtures Outside the pool has been resurfaced and the equipment rebuilt. Owned solar - large system spans the back ro

View Property

5612 W Alyssa Lane Phoenix, AZ 85083

$719,900

4 Beds

2.5 Baths

2,550 SqFt

Status Active

MLS # 6746389

Property Type Single Family Residence

Price Type --

Wow! Gorgeous 4-bedroom home in Stetson Valley is on the market & ready to move in! This beauty sits on a corner lot next to large green belt & showcases an exquisite curb appeal with stone accents, a low-maintenance desert landscape, a 3-car garage, an RV gate, as well as gated courtyard. The Impeccable interior boasts a soft palette, ceramic tile flooring, a formal dining room, and a bright living room open to the kitchen, promoting a sense of openness & a greater traffic flow ideal for entertaining. The kitchen features recessed lighting, staggered wood cabinetry with crown moulding, granite counters, a 2-tier island with breakfast bar, stainless steel appliances that include a double wall oven & a 5-burner gas cooktop, and large walk-in pantry. Large oversized lot with mountain views! The breakfast room has a sliding glass door that connects to the back patio. The owner's suite has backyard access, plush carpet, and an immaculate ensuite with two sinks, a separate garden tub, and a walk-in closet. The laundry room comes with a utility sink & attached storage. The large backyard offers mountain views, a covered patio, and room for a pool. Enjoy al fresco dining while contemplating colorful sunsets under the mountains or host gatherings in this vast area. No neighbors on the west allow added privacy. Lush green area next to the home is perfect for walking the dog & fun games. Walking distance to multiple parks & playgrounds, schools, and within a short drive to markets & main roads. What's not like? A gem like this is rare to find. Act now!

View Property