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

16114 E Glenview Drive Fountain Hills, AZ 85268

$699,000

3 Beds

3.5 Baths

2,318 SqFt

Status Active

MLS # 6750440

Property Type Single Family Residence

Price Type --

This home boasts an excellent location, offering convenience and scenic beauty. With two spacious primary bedrooms, it provides comfort and privacy. The new AC system ensures energy efficiency, and the updated appliances add a modern touch. As the largest property in the neighborhood, the expansive backyard holds plenty of potential for customization or outdoor living. The stunning view of Four Peaks enhances the home's charm, and its proximity to shopping and the iconic fountain makes it ideal for both relaxation and easy access to amenities.

View Property

4760 S Kings Ranch Road Gold Canyon, AZ 85118

$699,000

3 Beds

2 Baths

2,996 SqFt

Status Active

MLS # 6753490

Property Type Single Family Residence

Price Type --

An amazing opportunity awaits in the heart of Gold Canyon, with incredible views of Dinosaur & Superstition Mountains. This rare 1.91 acre horse property sits amongst 1M+ homes & is complete with a swimming pool with a view, private garden, mature fruit trees, barn with loft, RV hookup, & 6 total stalls, plus room to grow! The updates include 2 newer Trane AC units, plus mini-split units in all bedrooms, newer Milgard low E super efficient windows, doors, granite kitchen counters, & barn doors. The current home set up has 3 traditional bedrooms with closets, plus an additional 3 more bedrooms & an office/bonus room off the primary bedroom. The front security gate has a commercial size Lift Master control. Inquire for a list of improvements and updates. This won't last long!

View Property

15240 N Del Ray Drive Fountain Hills, AZ 85268

$699,000

3 Beds

2 Baths

1,343 SqFt

Status Active

MLS # 6726377

Property Type Single Family Residence

Price Type --

STOP, DROP AND LOOK! Can you believe this beautiful turn-key home is less than $700K? A ''lock-and-leave'' property where you can see the stars every night? This is it! Beautifully updated interior, from floors to full kitchen and bathroom remodels means you're not lifting a finger except to carry in your suitcase. 3 cozy bedrooms and 2 bathrooms. Fantastic entertaining backyard with pool, covered patio, gazebo AND hot tub for full seasonal enjoyment. Great privacy backing to the desert wash. This comfortable floorplan is inviting with open kitchen/living space. Tucked in a peaceful neighborhood, you'll love this quiet community. The ''snowbirds'' are flocking to Fountain Hills for the best time of year in AZ and THIS home is the perfect nest.

View Property

1008 W Circle Mountain Road New River, AZ 85087

$699,000

3 Beds

2.5 Baths

1,980 SqFt

Status Active

MLS # 6725113

Property Type Single Family Residence

Price Type --

Explore this newly constructed Morgan Taylor built home nestled on a sprawling 1.13-acres bordering state land. Extra private lot, saguaro desert views for days, horse rights with room for stalls. Stone accents and a convenient extended 2-car garage. Incredible views from every room. Features wood-look tile floors and a soothing neutral palette. The great room, complete with an electric fireplace, offers a warm welcome. The kitchen boasts ample wood cabinetry, stainless steel appliances including wall ovens, a pantry, granite counters, and a center island illuminated by pendant lights above the breakfast bar. The primary suite is a serene retreat, highlighting large windows that frame the mountain views, a private bathroom with dual sinks, a soaking tub, and a walk-in closet. Must see! Outside, the paver patio provides a perfect backdrop for enjoying stunning sunsets or hosting lively barbecues. Make this tranquil haven yours today!

View Property

4679 Big Pine Drive Lakeside, AZ 85929

$699,000

4 Beds

2.5 Baths

2,768 SqFt

Status Active

MLS # 6713137

Property Type Single Family Residence

Price Type --

Rustic and charming home located in the crisp air of the White Mountains. Your exclusive mountain getaway, with no HOA restrictions, is calling your name! Lakeside is a great community located within 30 minutes to Sunrise Ski Resort and close to Rainbow Lake for outdoor activities year round. Sip your morning coffee on the screened in patio or enjoy the front yard on your massive covered porch. This home has been recently updated with modern finishes while maintaining a rustic charm. Multiple living/entertaining spaces make this home ideal for large family gatherings or simply your day to day life.

View Property

10460 E Texas Sage Lane Scottsdale, AZ 85255

$699,000

3 Beds

2 Baths

1,358 SqFt

Status Active Under Contract

MLS # 6743257

Property Type Single Family Residence

Price Type --

Wow!! Amazing buy in one of the hottest subdivisions in all of AZ in the hot zip code of 85255. Massive, private lot backing to open desert with RV gate, gas fire pit plus room for pool, grass and more. Great room floorpan with oversized eat in kitchen with breakfast bar. The high ceilings gives this home the luxury feeling of much more expensive homes. Newer stainless steel GE Profile appliances,This location surrounded by much more expensive homes is perfect for the investor, first time home buyer or empty nester just downsizing. Close to golf, tennis, pickle ball, clubhouse hiking/biking trails and community pools. Very secure and safe area with roaming security guards and Scottsdale PD. Seller priced for immediate sale and can be out within 30 days. Don't miss this one!! WOW!

View Property

22706 N 17th Street Phoenix, AZ 85024

$699,000

4 Beds

2.5 Baths

3,181 SqFt

Status Active

MLS # 6738561

Property Type Single Family Residence

Price Type --

Spacious 2-Story Home: 4 Bbds, 2.5 Bths, Office and Enormous Loft! This stunning home has space for everything you need! Step inside to discover a versatile office or flex space, perfect for a home office or playroom w/ beautiful laminate flooring. The open-concept kitchen and dining area create an inviting atmosphere for both everyday living and entertaining. The primary bedroom is conveniently situated on the main level, featuring laminate flooring, an en-suite with a shower and tub, and a huge walk-in closet. New carpeting throughout! Upstairs, you'll be amazed with The Giant Loft! Option to build a 5th bedroom. A sizable laundry room with shelving storage. Three Large Bedrooms, all with walk-in closets. Backyard has a view fence and no neighbors behind, giving you ultimate privacy! Living in the Eagle Bluff community means you have access to top-notch education just a short walk or bike ride away to the nearby schools. The location is unbeatable. Enjoy outdoor activities at the Reach 11 Park or the Cave Buttes Recreation Area. Shopping proximity to Desert Ridge and the Shops at Norterra. You're also moments away from major highways like Loop 101, the 51, and I-17, making commuting a breeze. Plus, Costco is just a few minutes south! Don't miss your chance to make this dream home your reality!

View Property

8594 E Kelly Road Prescott Valley, AZ 86315

$699,000

4 Beds

3 Baths

2,575 SqFt

Status Active

MLS # 6721065

Property Type Single Family Residence

Price Type --

Motivated seller! Enjoy spectacular sunsets and views from this 4 bed/3 bath home. 5th bedroom accessed through another bedroom. This lovingly built owner constructed home is on a level 10 acre parcel conveniently located close to highway 89A. Super desirable area just off Coyote Springs Rd. The original owner lovingly built this unique house with many special features: a fireplace that heats the entire house, and a basement bunker. 1200 sq ft metal workshop building with a security system which can house 6-8 vehicles and has living quarters with kitchen and bath. Plenty of room for RVs and toys, horse facilities or countless other possibilities! New vinyl plank flooring, new HVAC and newly remodeled kitchen. Only 22 minutes to the heart of Prescott, and a quick ride to Jerome/Phoenix.

View Property

8952 E Palm Ridge Drive Scottsdale, AZ 85260

$699,000

3 Beds

2 Baths

1,602 SqFt

Status Active

MLS # 6685794

Property Type Townhouse

Price Type --

Within in the heart of Eagle Point, the immaculate Townhome features maintenance free living, vaulted ceilings in every room, spacious bedrooms, separate living room and abundant closets. Everything inside is NEW down to the water valves. New roof in 2023. Complete remodel in 2020 of the kitchen, bathrooms, windows, doors and sliders, floors, and paint. HOA covers entire front landscaping including the tree trimming and Community Pool. Home warranty included! This special Scottsdale property won Best Home on Tour! Walkability is a 10+, convenient to parks, freeways, shopping and dining. Move in today and entertain your family and friends this weekend. Embrace the Scottsdale lifestyle you deserve!

View Property

1416 E Don Carlos Avenue Tempe, AZ 85281

$699,000

5 Beds

3 Baths

2,102 SqFt

Status Active

MLS # 6732217

Property Type Single Family Residence

Price Type --

Amazing ASU investment opportunity! Gorgeous top to bottom renovation with FIVE bedrooms and 3 baths on a LARGE cul-de-sac lot. NO HOA. Stainless appliances. GE Profile oven/convection microwave and LG dishwasher. Quartz countertops. Custom tile shower surrounds. Porcelain plank tile flooring. 5 ton AC and 3 additional, 17 SEER Lennox mini-splits. New dual pane/dual UV/Argon gas windows! Newer Roof (2020). Stone accented entry. Newer sewer lines. Ceiling wood accent beams, LED recessed lighting. Huge back yard, massive cool deck patio and storage shed. Heart of Tempe LOCATION - walking/biking distance to ASU, Mill Ave., Gammage performing arts and shopping/dining along the Rio Salado corridor.

View Property

4346 E Earll Drive Phoenix, AZ 85018

$699,000

3 Beds

1 Bath

1,128 SqFt

Status Active

MLS # 6717228

Property Type Single Family Residence

Price Type --

Make this one yours! Welcome to Arcadia Osborn! This property offers various opportunities, from a turnkey/remodeled 3 bed, 1 bath home, to a Residential Office zoned space with various business opportunities. Covering a total of 9,282 sq. ft. corner lot, come and see what this property can do for you, or what might do for it.

View Property

37505 N 17th Street Phoenix, AZ 85086

$699,000

3 Beds

2.5 Baths

2,597 SqFt

Status Active

MLS # 6726883

Property Type Single Family Residence

Price Type --

Great home in Desert Hills, North Phoenix! Fenced 1.25 acre lot w/ 8 structural pipe 15' x 50' horse runs with shade. Wonderful mountain views, fenced and heated Pebbletec pool w/waterfall and covered patio for entertaining. Open floor plan with updated gourmet kitchen featuring granite counters and stainless appliances. Bright with lots of natural light throughout and vaulted ceilings. Two fireplaces, built-in entertainment center in family room. Large walk-in closets. Spacious lot features easy access for RVs, boats and horse trailers and safe turnaround. Perfect home in spread out custom home neighborhood with near by equestrian area for trail riding.

View Property