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

2261 W Mission Timber Circle Flagstaff, AZ 86001

$669,000

4 Beds

2.5 Baths

1,936 SqFt

Status Active

MLS # 6757643

Property Type Single Family Residence

Price Type --

What a Perfect ,Almost New, 4 Bedroom, 2.5 bath home now available in Presidio for Terrific Value! Primary Bedroom and ensuite conveniently located on the main floor. Primary Bath has an Extra large luxury tiled Shower along with a Walkiin Closet. Great Room is Extra Spacious and boasts a Modern Kitchen with Stainless Steel Appliances. Kitchen has attractive cabinets with 42'' uppers for plenty of storage and light Slab Counters. Upstairs is 3 Bedrooms and a Guest Bath. One of the upstairs Bedrooms is so large there is room for flexibility of uses. Nice low maintenance landscaping in the rear yard and ready for relaxing and enjoyment. Truly a beautiful Home. Easy to show and Seller is ready and motivated.

View Property

5100 E Rancho Paloma Drive Unit 2059 Cave Creek, AZ 85331

$669,000

2 Beds

2 Baths

1,990 SqFt

Status Active

MLS # 6749719

Property Type Apartment

Price Type --

VIEWS, VIEWS, VIEWS! Discover the best location for this end-unit condo in a beautiful newer and spacious gated community in Cave Creek. This residence offers generous square footage, featuring 2 bedrooms +an open den, and bright, open floor plan freshly painted & move-in ready! Meticulously maintained, home showcases modern contemporary design with neutral finishes, quartz countertops, 42'' cabinets, and a lg kitchen island. Refrigerator, washer, and dryer are included. The Primary Bedroom offers breathtaking views & includes an updated walk-in shower in the Primary Bathroom. This condo is Energy Star certified, equipped with Energy Star appliances, Low-E windows, & impressive energy efficiency rating from 2018. Spectacular views from the 14' sliding door that opens to large balcon

View Property

2738 E Northridge Circle Mesa, AZ 85213

$669,000

4 Beds

2 Baths

2,494 SqFt

Status Active Under Contract

MLS # 6748377

Property Type Single Family Residence

Price Type --

This stunning 4bed/2bath corner lot beauty boasts a 3car garage, RV gate, elegant pavers, pristine artificial turf, & attractive stone accents. The living/dining room showcases vaulted ceilings, half-moon clerestory windows, contemporary palette, & plush carpeting. The great room is perfect for gatherings, while the kitchen dazzles w/an induction cooktop, granite counters, custom wood cabinetry w/crown molding, chic pendant lights, stylish tile backsplash, SS appliances, pantry, & an island w/a breakfast bar for casual meals. The main bedroom offers updated flooring, an ensuite w/dual sinks & walk-in closet, & featuring huge steam shower. Enjoy breathtaking sunsets in the backyard, complete w/a covered patio, handy storage shed, & sparkling pool. The home also includes 3 auxiliary AC uni surround sound, A/V wiring in the primary bedroom/shower, pull-out shelves in lower kitchen cabinets, a utility room, & updated flooring in the primary bathroom. The garage is equipped with 220 electric & a mini split for cooling. Finally, enjoy peace of mind with a newer roof (2018) that comes with a transferable warranty & 30-year underlayment.

View Property

10158 E Texas Avenue Mesa, AZ 85212

$669,000

4 Beds

3.5 Baths

2,689 SqFt

Status Active

MLS # 6740167

Property Type Single Family Residence

Price Type --

Welcome home! This stunning 4-bedroom, 3.5-bath residence in the highly coveted Cadence at Gateway is in immaculate condition and feels almost new. It features soothing palettes and numerous upgrades, including a frameless shower enclosure in the master bath, expanded covered patio, tankless water heater, and upgraded air conditioning. The modern kitchen boasts quartz countertops, sleek flat-panel cabinets, recessed lighting, stainless steel appliances, a pantry, and a large island with a breakfast bar for casual dining. The versatile den is perfect for an office or exercise room. The sizeable main bedroom offers an ensuite with dual sinks and a walk-in closet. All of this is located in a fantastic neighborhood just minutes from Route 24.

View Property

8615 W Palo Verde Drive Glendale, AZ 85305

$669,000

4 Beds

3.5 Baths

2,725 SqFt

Status Active

MLS # 6747036

Property Type Single Family Residence

Price Type --

Welcome to this stunning home, where impressive curb appeal meets an inviting open floor plan. The interior is enhanced by wood plank tile flooring, creating a warm and welcoming atmosphere throughout. This kitchen showcases rich cabinetry, a large island, a gas stovetop, a wall oven, a single basin sink, and under-cabinet outlets. With recessed lighting, pre-wiring for pendant lights, and a spacious pantry, this kitchen combines both elegance and practicality for all your cooking needs. The primary suite is a true retreat, bathed in natural light and offering a peaceful, serene ambiance. The ensuite bathroom features a dual vanity and a walk-in closet, providing luxurious comfort and convenience. Perfectly situated in a prime location, this home offers quick access to major freeways, Glendale Fields, State Farm Stadium, Gila River Arena, Westgate Entertainment District, and more, ensuring endless opportunities for leisure and entertainment. Don't miss your chance to own this incredible home and elevate your lifestyle!

View Property

3060 N Ridgecrest -- Unit 66 Mesa, AZ 85207

$669,000

4 Beds

2 Baths

2,226 SqFt

Status Active Under Contract

MLS # 6705972

Property Type Single Family Residence

Price Type --

Seller will contribute 10K towards buyers closing cost or rate buy down. This 4-bedroom home w/a 3-car garage! Thoughtfully designed interior w/wood-look flooring, plantation shutters, archways, & high vaulted ceilings will impress you. You'll also find an inviting living room, formal dining room, & an airy great room bathed in natural light. Impeccable kitchen provides solid surface counters, an island, SS appliances, a pantry, ample cabinets w/crown molding, desk area, a breakfast bar, & a breakfast nook w/a bay window. Serene main bedroom has plush carpet, outdoor access, & an ensuite w/dual sinks. Weekend gatherings will never be boring in the backyard oasis, complete w/a covered patio, artificial turf, & a refreshing pool w/rock waterfall. This Community has fantastic amenities

View Property

8519 E Sandalwood Drive Scottsdale, AZ 85250

$669,000

4 Beds

2 Baths

1,620 SqFt

Status Active

MLS # 6739772

Property Type Single Family Residence

Price Type --

Conveniently located in PRIME South Scottsdale, this home is ready for new ownership! Only 2.5 miles to Scottsdale Fashion Square, Pavilions shopping, Talking Stick Casino, and minutes to the 101 freeway. Whether this is your first home, or the family is growing, Sandalwood Dr accommodates many different needs. Come say yes to this address!

View Property

365 N Richard Street Colorado City, AZ 86021

$669,000

13 Beds

9 Baths

7,297 SqFt

Status Active

MLS # 6673575

Property Type Single Family Residence

Price Type --

This very UNIQUE CUSTOM 7296 Sq.Ft. Home includes plenty of space for a Dual Generational Unit, or GUEST QUARTERS w/ 2 Kitchens, 2 Master Suites, & 2 Laundry areas. The HUGE KITCHEN & PANTRY area comes with MASSIVE ISLAND and ALL APPLIANCES included. New HVAC System in 2021, New Hot Water Heater 2023, New Roof and Gutter system. The basement included a FULL GUEST HOME/APARTMENT w/ 3 Bedrooms/2Baths. The MASSIVE .70 ACRE LOT is full fenced and landscaped. The oversized Lot has a 2 Car Garage/Shop and storage area for trailers, toys or RV's. The BACKYARD is fully LANDSCAPED w/ a irrigation system, grass, large trees, and a lot of parking with privacy. YOU WON'T FIND ANOTHER HOME LIKE THIS.

View Property

27227 N 147th Avenue Surprise, AZ 85387

$669,000

4 Beds

3 Baths

2,000 SqFt

Status Active

MLS # 6707494

Property Type Single Family Residence

Price Type --

REDUCED-SEND OFFERS -MOVE IN READY NEW 2024 BUILD Surrounded by $1,000,000 Homes this 4bd/3bth with Double Kitchen and CASITA. Seller Concessions available!! Boasting ADDED VALUE with a 500 sq. ft. IN LAWS Casita ATTACHED to the 1500 sq. ft. home - Supplement AirBNB rental income or IN-Laws Quarters makes this a very affordable 2000 SQ FT home. Beautiful Mountain Views, Quad trails to Lake Pleasant. Fenced and groomed property. Split Floorplan perfect for the growing family. Additional Plans available for a workshop. This is a very unique property designed with value added, nestled around high value mountainside homes. No HOA, Truly one of a kind and a Must See

View Property

8027 W Northview Avenue Glendale, AZ 85303

$669,000

5 Beds

3.5 Baths

3,240 SqFt

Status Active

MLS # 6708412

Property Type Single Family Residence

Price Type --

Gorgeous 5 Bedroom, 3.5 Bathroom home on a corner lot, across from a little park in a desirable gated community. The designer kitchen opens into the family room with high ceilings. There is a separate area off the main room for an office, pool table, workout area, or? Upgrades include a huge sliding glass back door, a Premium Lot, the front of the home with custom stone, The master bath has an upgraded tub/shower, and more. One of the bigger homes in the subdivision. The quiet enjoyable gated community is close to the 101 freeway, restaurants, and shopping. Westgate and other entertainment districts are also located in all directions. The backyard is good-sized and perfect for a pool or for you to create your dream backyard. The single-story subdivisions also make the home a must-see.

View Property

8635 E Hobart Street Mesa, AZ 85207

$669,000

4 Beds

2 Baths

2,080 SqFt

Status Active Under Contract

MLS # 6726799

Property Type Single Family Residence

Price Type --

Wow! Pride of Ownership. Gorgeous 4 bed, 2 bath, 3 car garage home on large corner lot in Grandview Estates. This Spacious kitchen features 42'' cabinets, quartz countertops, stainless steel appliances & walk in pantry. This home features plantation shutters, ceiling fans, stainless steel appliances, remodeled 2nd bath, new water softener, washer & dryer, bedrooms have new flooring and 6' baseboards, new indoor lights. Split floor plan Bonus room . Oasis resort lush backyard with covered patio, heated salt pool, new artificial turf & putting green, new trees, plants and irrigation lines. Extended driveway & RV gate allow for ample parking and toys. The shed has a wall AC unit New efficient a/c in 2022 & fresh exterior paint! This home has it all & mountain view. WELCOME HOME!!

View Property

16435 W Cypress Street Goodyear, AZ 85395

$669,000

2 Beds

2.5 Baths

2,732 SqFt

Status Active

MLS # 6736265

Property Type Single Family Residence

Price Type --

Imagine your home as a getaway to an exceptional lifestyle in the highly sought-after Robson Community at PebbleCreek, a vibrant active 55+ community! This Cabrillo Model sits on a spacious corner lot, featuring an open concept kitchen great for entertaining, with a 6-burner Monogram gas stove & wall oven, granite countertops. Upgraded Solid Oak cabinets with glass fronts. Two luxurious owner suites, a versatile flex-room, and an oversized laundry space perfect for hobbies or crafts. Bonus room great for an in-home office. The owner's suite offers dual-sink vanity, oversized soaker tub, and 2 spacious walk-in closet. Full-size 2 car garage PLUS a separate GOLF CART GARAGE. Modern amenities include hardwired for surround sound and security cameras. Pre-wired for 220 in garage HOA age restriction uses 80/20 rule of 80% age 55 or over and 20% can be 40 and over. Buyer to verify. Extended covered patio, ceiling fans, a gas stub for BBQs, and a low-maintenance backyard, perfect for outdoor entertaining. Soft Water loop installed. Wok reversable burner plates! Living in Robson Community at PebbleCreek means enjoying world-class amenities. Golf memberships available for 3 championship courses, play a match of pickleball or tennis, or take a dip in the community pool. Engage in nearly 100 different clubs and activities that cater to a variety of interests, ensuring an active and fulfilling lifestyle. Recent upgrades include fresh interior and exterior paint and added attic insulation for enhanced comfort. Embrace the exceptional living experience that awaits you in Pebblecreek. Don't wait to start enjoying the best of active adult living!

View Property