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

36601 N Mule Train Road Carefree, AZ 85377

$695,000

2 Beds

3 Baths

1,970 SqFt

Status Active

MLS # 6747936

Property Type Townhouse

Price Type --

Very nice downstairs condo in a beautiful well kept gated community. It features 2 large bedrooms, 3 full baths and a den/office. Newer tile, SS appliances and A/C in the larger part of the condo. 2 covered patios to enjoy your morning coffee. This is a great place to live! Social events at the clubhouse all the time from Fall to Spring! Beautiful pool area with a hot tub and waterfall. Come check it out!

View Property

318 N Washington Street Chandler, AZ 85225

New

$695,000

4 Beds

2 Baths

1,675 SqFt

Status Active

MLS # 6759421

Property Type Single Family Residence

Price Type --

Walking Distance to Thriving Downtown Chandler In Silk Stocking Historic Neighborhood, Many opportunities for this Updated Duplex on a 7,449 SF Lot Across AZ Ave from Historic Chandler High School and Chandler Center of the Arts. Currently Both Units are Vacant and Ready For Market Rents, Owner/User With Income Or Add More Units On the Empty Back Part of the Lot. Both Units are 2 Bed 1 Bath/Tubs with Laundry, The back Unit has An Extra 450 sf Room with Its Own Outside Entry Door That Can Be Used for a Third Bedroom, Office Or Workshop with Air. Laminated Flooring in all living and Bedrooms with Tile in Kitchens and Baths. Security on All Doors and Keyless entry pads on Front Doors. All Facts and Figures are Approximate, Buyer to Verify to their own Satisfaction.

View Property

4915 S Easton Lane Mesa, AZ 85212

$695,000

4 Beds

2.5 Baths

2,572 SqFt

Status Active

MLS # 6746975

Property Type Single Family Residence

Price Type --

Woodside's Most Popular Great Room FloorPlan**4 Bedrooms/ 2.5 Bathrooms/ 3 Car Tandem Garage**Corner Lot**Across from Green Belt**Structure Sq Footage Increased as a Result of Larger Corner Lot**Expanded Arcadia/ Slider**Recessed Lighting**Under Cabinet Lighting**Stainless Steel Appliances**Plantation Shutters**Laundry off Primary Bdrm Closet**Walk In Pantry**Beautiful Wood ''Alder'' Cabinets with ''Black Glaze Finish''**Granite Counter Tops**Travertine Tile Patio**Artificial Turf Grass**Furnishings Negotiable**Great Location**

View Property

95 W Goldfinch Way Chandler, AZ 85286

$695,000

3 Beds

2 Baths

2,153 SqFt

Status Active Under Contract

MLS # 6752732

Property Type Single Family Residence

Price Type --

Welcome to Your Dream Home in South Chandler! Nestled in the sought-after Carino Estates subdivision, this stunning single-story home offers the perfect blend of modern updates and timeless charm. Featuring 3 spacious bedrooms, 2 beautifully remodeled bathrooms, a versatile office/ den, and a two-car garage, this home is designed for comfortable living. Step outside into your very own tropical paradise! The backyard boasts mature plants and trees, a sparkling pool, and a stylish pergola, creating an ideal space for relaxation and entertaining. Inside, recent upgrades include beautiful wood-look tile floors, a completely remodeled kitchen with high-end finishes, and updated bathrooms and fixtures throughout. The thoughtful design and attention to detail make this home truly move-in ready!

View Property

7524 E Wildcat Drive Gold Canyon, AZ 85118

$695,000

2 Beds

2 Baths

1,857 SqFt

Status Active

MLS # 6750505

Property Type Single Family Residence

Price Type --

BEAUTIFUL mountain views from your private back yard! Enjoy relaxing in your quiet oasis with wildlife and the peaceful comfort of this lovely setting. PLUS: A THREE-CAR GARAGE, an extra-large laundry room, a home office with built-ins, lots of storage in the laundry room and garage. This is a special home, located in one of the most desirable areas of Mountainbrook Village. The Mountainbrook Village adult community has it all: Pickleball, pools, an exercise facility, a community center, as well as countless resident activities! Don't miss this opportunity to enjoy this private sanctuary of a home.

View Property

2976 E Clifton Avenue Gilbert, AZ 85295

New

$695,000

4 Beds

2.5 Baths

2,436 SqFt

Status Active

MLS # 6748122

Property Type Single Family Residence

Price Type --

This must be the place . . . perfect location, pristine pool, paid-off solar, and plenty of potential. This four bedroom paradise is for anyone who wants a property that has been thoughtfully maintained, while providing an opportunity to personalize. Brand new A/C, freshly painted exterior, and recent pool resurfacing are just a few of the reasons this is your next home sweet home.

View Property

44321 N 11th Street New River, AZ 85087

$695,000

3 Beds

2 Baths

2,286 SqFt

Status Active

MLS # 6753014

Property Type Single Family Residence

Price Type --

Desirable Circle Mountain property in New River! This property is in move-in ready condition. It provides privacy, beautiful mountainous views, serenity, paved roads, riding trails, RV gate, one acre lot, 3 large bedrooms plus den, and north/south exposure with block fencing in backyard. This home is perfect for entertaining with the open floor layout, spacious kitchen open to the great room, granite countertops, tile flooring, gas stove, fridge, washer, and dryer included, plantation shutters, and water softener. Master suite has double sinks, separate tub and shower, and large walk-in closet. This home comes with a 12-month home warranty!

View Property

10909 E Kalil Drive Scottsdale, AZ 85259

$695,000

4 Beds

2 Baths

2,181 SqFt

Status Active

MLS # 6753810

Property Type Single Family Residence

Price Type --

Check out this move-in ready 4 bedroom, 2 bath home in one of Scottsdale's hard-to-find no HOA neighborhoods! With fresh neutral paint and an open-concept layout, it's perfect for easy living. The kitchen is spacious, featuring an island, tons of cabinet and counter space, stainless steel appliances, and plenty of room to cook and gather. It opens right up to the family room, plus there's a formal living room for added space. The primary suite is spacious with vaulted ceilings, a huge en suite bathroom with a separate tub and shower, dual sinks, & a private water closet. Located close to great restaurants, shopping, and quick access to the 101 freeway, this home is in a prime spot and ready for you to move in! Corner lot w/ no neighbors behind you & neighbors on only one side!

View Property

13170 W Duane Lane Peoria, AZ 85383

$695,000

2 Beds

2 Baths

1,752 SqFt

Status Active

MLS # 6753017

Property Type Single Family Residence

Price Type --

STUNNING 'Vibrant' model w/ 7.8 kWh OWNED solar has every UPGRADE you could possibly want/need in Trilogy at Vistancia! Expansive 15 ft. ROLLING WALL OF GLASS extends LIVING space to the well designed R-YARD w/7 PERSON SEMI-INGROUND spa, o/sized PERGOLA w/BAR tops, EXT. TRAVERTINE patio, gas FIREPIT, Blt-in BBQ w/cooler, outdoor SHOWER & turf area for CORNHOLE! Cov. PATIO w/motorized SOLAR SHADE. Gorgeous KIT w/UPGRD cabinets, S/S APPL., DESIGNER B-splash w/basketweave pattern, o/sized ISLAND W/LEATHERED granite & PANTRY. Great Rm w/STONE fireplace & custom MANTEL enhance this open concept space. PRIMARY suite features CUSTOM barn door & PLANK tile flooring. Primary BATH w/DBL sinks, GORGEOUS tile shower & LARGE walk-in closet. Spacious DEN w/built-in BOOKCASE, wine rack & base cabinetry. for YOUR additional storage needs. Guest BATH with tub/shower COMBO has UPGRD TILE to ceiling w/GLASS SHOWER DOOR & Granite C-top. Home features UPGRD PLANK tile flooring thru-out and custom PLANTATION shutters in all the right places! Laundry room w/upper cabinets. Garage features 4 FOOT extension with an add'l area for golf cart, sports equipment or hobby space & 2 hanging storage racks. Additional UPGRADES include: Whole House filtration system w/water softener, surround sound system in great room, NEW PVC drip irrigation in '23, front Security Screen door, KRAFT WIZARD patio screen on 15 foot slider, wrought iron fencing w/snake fencing, low voltage lighting. Beautifully landscaped front/rear yard, raised planter bed in rear yard. Stained concrete driveway, paver walkways, outdoor trash enclosure. TRILOGY AT VISTANCIA is a resort style 55+ active adult community in NW Peoria. Trilogy has 2 beautiful clubhouses, 2 heated outdoor pools, 1 heated indoor lap pool, 2 fitness centers, tennis courts, pickleball courts and bocce ball courts. Well designed Gary Panks Championship 18 hole Golf Course include V's Taproom. Trilogy offers numerous fitness classes, hosted lifestyle events/trips and numerous clubs ie: STEM club, history club, women's club, veteran's club, wine club, pickleball club and the car club just to name a few! ENJOY THE GOOD LIFE AT TRILOGY VISTANCIA!

View Property

15221 N Clubgate Drive Unit 1110 Scottsdale, AZ 85254

$695,000

2 Beds

2 Baths

1,401 SqFt

Status Active

MLS # 6754503

Property Type Apartment

Price Type --

Luxury 2BR/2BA condo - first-floor corner unit in the gated Kierland Greens community! Fully remodeled in late 2023: entire kitchen with upgraded cabinets, granite countertops, and brand-new appliances; both bathrooms with walk-in tile showers; luxury vinyl flooring; new HVAC and water heater. There is an attached, oversized 2-car garage, gas tile fireplace, and wood blinds. Easy to access - downstairs, near parking, and close to the pool. The community features a resort-style heated pool/spa, a workout room, BBQ grills, and a ramada with heaters & misters. You'll love the excellent location with excellent dining and shopping options; near the Kierland Golf Club, the Westin Hotel, Kierland Commons, and Scottsdale Quarter. Available for immediate move-in or as an investment property.

View Property

3990 Crown Rock Trail Prescott, AZ 86301

$695,000

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 and private toilet room. 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 decked out with custom cabinetry, granite tops & sink.

View Property

8614 N 14th Street Phoenix, AZ 85020

$695,000

3 Beds

2 Baths

1,866 SqFt

Status Active

MLS # 6733134

Property Type Single Family Residence

Price Type --

Looking for a beautiful 3 bedroom 2 bathroom in the heart of Phoenix? City lights, mountain views, gorgeous sunsets. Have a look yourself. Nestled across from the Phoenix Mountain Preserve is an added bonus.

View Property