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

6346 N 14th Street Phoenix, AZ 85014

$650,000

2 Beds

3 Baths

2,283 SqFt

Status Active

MLS # 6703109

Property Type Townhouse

Price Type --

Welcome to your dream home! This stunning Uptown house with 2 bedrooms, 3 full bathrooms, and office space, and separate den offering ample space for comfortable living. With spacious bedrooms, walk in closet, an open-concept kitchen, separate laundry room, and a private pool, luxury meets functionality here. This house is situated in gated area with a private street. Located in the greatly desired Madison School District only minutes away from Biltmore, PHX airport, downtown Phoenix, and Scottsdale. Enjoy the convenience of a 2-car garage. HOA covers: COX cable with all the movie channels ($130 value), landscaping and maintenance in common areas, as well as landscaping of grass along the front of the house. Don't miss out on the opportunity to make this your new home.

View Property

2123 E Encanto Street Mesa, AZ 85213

$650,000

4 Beds

3 Baths

2,415 SqFt

Status Active

MLS # 6719577

Property Type Single Family Residence

Price Type --

Newly remodeled tri level home has all the right designer touches. This home features 2 beautiful on suite bedroom/bathrooms. Great for parents or adult children who need the extra space and privacy. The downstairs has a cozy fireplace and sitting room, along with the perfect bathroom including a relaxing soaking tub. The upstairs has a walkout balcony that overlooks a large backyard with sparkling pool. This home is perfect for entertaining with a large kitchen/dining area to fill with friends and family. Step out to the extra large covered patio with a big grassy back yard for the kids to pay. This home has it all even a large RV gate so you can bring all your toys.

View Property

1937 E Medlock Drive Phoenix, AZ 85016

$650,000

2 Beds

2 Baths

1,741 SqFt

Status Active

MLS # 6709677

Property Type Townhouse

Price Type --

Historic Biltmore area mid-century modern town home in highly sought-after community features 2-bedroom 2-bathroom home includes a formal dining room, living room with a wood burning fireplace, and an additional family room off the kitchen with study nook. Kitchen is equipped with granite countertops, white cabinetry and added counter space for a coffee bar. Primary bedroom features white shutters and bath includes double sinks & large bath/shower. Private back patio has low maintenance landscaping & brick pavers. Location, Location, location Don't miss the opportunity to own a Biltmore Area home just steps away from shopping , restaurants and so much more !

View Property

24719 N 106th Drive Peoria, AZ 85383

$650,000

4 Beds

2.5 Baths

2,978 SqFt

Status Active

MLS # 6724339

Property Type Single Family Residence

Price Type --

Unleash your inner interior designer in this captivating 4-bedroom, 2.5 bath +den abode! Downstairs you'll find everything you need including: primary suite boasting a spa-like bathroom, a den, formal dining and open concept living room and kitchen. Upstairs, unwind in the expansive double lofts - perfect for creating your dream movie theater and game room! Sip your morning coffee on the unique enclosed screened patio, your private oasis. This home boasts functionality too, with a convenient sink in the laundry room, and abundant storage in the 2.5 car garage and plantation shutters throughout. Enjoy cozy nights under the stars with the built-in firepit, and forget the holiday light-hanging struggles with extra outlets already in place! This tranquil neighborhood offers the best of both worlds: peace and quiet with parks and top-rated schools nearby, plus easy access to shopping, dining, and the freeway.

View Property

14453 W Wilshire Drive Goodyear, AZ 85395

Open House

$650,000

4 Beds

3 Baths

2,680 SqFt

Status Active

MLS # 6731025

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This beautiful single-story residence offers 4 spacious bedrooms and 3 bathrooms, perfect for family living and entertaining. Nestled in a tranquil cul-de-sac, this home features a 3-car garage with overhead garage storage racks, providing ample storage space. Step inside to a thoughtfully designed split floor plan that includes a great room with 10 ft ceiling throughout, adorned with crown molding and plantation shutters, creating an elegant ambiance. The primary suite is a true retreat with a separate tub and shower, dual sinks, a walk-in closet, and a designer mirror, ensuring comfort and luxury. The front bedroom is generously sized and comes with an ensuite bathroom and spacious closet, ideal for guests or as an in-law suite. The kitchen is a chef's delight boasting double ovens, glass cooktop, granite countertops, staggered kitchen cabinets with under cabinet lighting and a breakfast bar for casual dining. The full-length back patio is perfect for outdoor entertaining, equipped with lighting and speakers. Enjoy the serene water feature with a waterfall, adding a touch of tranquility to your outdoor space. The property backs to a park, offering beautiful views through the view fence. Additional features include a spacious laundry room with upper cabinets and countertops, and a host of premium finishes that make this home truly special. Enjoy the nearby Palm Valley Community Centers pool, tennis courts, barbeques and game rooms. Exterior painted in March 2024, sunscreens installed in 2023, new kitchen appliances replaced in the last 3 years. Don't miss the opportunity to own this exceptional property!

View Property

9802 S 46th Street Phoenix, AZ 85044

Open House

New

$650,000

4 Beds

3.5 Baths

2,417 SqFt

Status Active

MLS # 6759316

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This stunning 4-bedroom, 3.5-bathroom property offers luxury living in a serene Ahwatukee neighborhood with no HOA. The spacious design features high ceilings and large windows, flooding the home with natural light and offering breathtaking views of the heated pool, spa, and mountains beyond. The master suite is a private retreat, complete with an en-suite bathroom and a walk-in closet. The functional kitchen is equipped with reliable appliances, ample storage, and a convenient layout perfect for daily cooking or entertaining. One of the home's standout features is the windows that provide a seamless connection between indoor and outdoor living. Step outside to enjoy the large heated pool and spa, perfect for year-round relaxation and entertainment. Above, the second-story deck spans the entire length of the home, offering panoramic views of the pool, spa, and surrounding mountainsideal for enjoying your morning coffee or watching the sunset, with the high block wall providing extra privacy. Located minutes from major freeways, scenic hiking trails, golf courses, and top-tier restaurants, this home offers the best of both convenience and tranquility. Don't miss the chance to make this stunning property yours!

View Property

21911 N 97th Glen Peoria, AZ 85383

Open House

New

$650,000

4 Beds

3 Baths

2,256 SqFt

Status Active

MLS # 6759518

Property Type Single Family Residence

Price Type --

Absolutely stunning home in the highly desirable community of Meadows. Energy efficient home with owned solar panels. Exceptional curb appeal. Situated on a premium, corner lot. You will be in awe when you walk through the front door. Elegant open concept awaits you as you enter the gathering room which features a luxurious kitchen with 42's Espresso Maple Cabinets, large kitchen island, stainless steel appliances, and granite countertops. The spacious primary bedroom features an en-suite with dual vanities, separate tub and shower and large walk-in closet. Enjoy countless Arizona sunsets under your extended rear covered patio. Low maintenance backyard features extended travertine pavers. Plenty of storage with built in cabinets in the 3 car tandem garage.

View Property

632 N 72nd Place Scottsdale, AZ 85257

Open House

$650,000

4 Beds

2 Baths

1,990 SqFt

Status Active

MLS # 6727478

Property Type Single Family Residence

Price Type --

Fresh paint, new flooring, new kitchen features waterfall counter top, new restrooms. Homes has been remodeled and is ready for its new owner. Dual pane windows through the home. Shopping retail, entertainment, and restaurants very close.

View Property

9942 E Timpani Lane Mesa, AZ 85212

Open House

New

$650,000

4 Beds

3 Baths

2,188 SqFt

Status Active

MLS # 6758739

Property Type Single Family Residence

Price Type --

4 bedroom, 3-bathroom home with a 2-car garage located in the desirable Cadence community! This stunning property features modern tile plank flooring. The spacious layout includes a formal dining room or den, along with an open-concept living, kitchen, and family room, perfect for entertaining. The kitchen shines with Quartz countertops, a large island, and stainless steel appliances including a gas range, dishwasher, and microwave. The master suite, privately located at the rear, boasts a huge walk-in closet, dual sinks, and a private toilet room. One bedroom with a guest bath is situated at the front, while the 3 bedrooms with an en suite bath is located off the garage/laundry hallway—giving each family member planty of their own space in the large bedrooms. Come take a tour.

View Property

3935 E Rough Rider Road Unit 1319 Phoenix, AZ 85050

Open House

New

$650,000

3 Beds

3 Baths

2,063 SqFt

Status Active

MLS # 6759281

Property Type Townhouse

Price Type --

Your opportunity to own the Sovanna floor model in Villages at Aviano, featuring 3 bedrooms, 3 full bathrooms, 2-car garage with storage & outdoor patio is here! Primary bedroom offers a bonus room & ensuite bathroom with dual sinks, & separate shower. Upgrades include beautiful granite, stainless steel appliances, bronze finishes, built in entertainment console, surround sound, laundry room sink & all tile flooring (no carpet). Villages at Aviano is gated with a community pool & homeowners enjoy privileges at the 16,000 sq/ft Aviano club house with a resort style pool, spa, fitness center, meeting & banquet rooms, tennis, basketball, sand volleyball, park & walking paths. Desert Ridge offers shopping, dining & close access to the 101 & 51 highways.

View Property

226 N 96th Street Mesa, AZ 85207

$649,999

4 Beds

2 Baths

1,848 SqFt

Status Active

MLS # 6740558

Property Type Single Family Residence

Price Type --

Stepping into the delightful atmosphere of this unique, no HOA, farm and horse property, a distinctive encounter with Arizona's serene countryside living. This meticulously-designed property, with its distinct features and amenities, offers a one-of-a-kind residential opportunity. The house proudly exhibits optimized use of space with convenient built-in custom cabinetry. Artisanal craftsmanship exudes throughout the home with beautifully handcrafted interior doors leading to various rooms. Bask in a beautifully crafted relaxation space—a charming outdoor front patio. At night, the patio transforms into an enchanting social nucleus, with a lively play of cozy lights creating a tranquil setting for relaxed evenings and friendly gatherings. It becomes a well-loved magic spot that morphs with the enchanting glow of nightfall a real spectacle in your own home. For outdoor enthusiasts, this property offers a compelling reason to consider switching gears. The added benefit of full RV hookup services makes it possible to combine home life with adventure. An opportune setup for weekend getaways, providing a seamless blending of domestic comforts with the thrill of exploratory recreation. Moreover, it's a farm and horse property, a rare luxury indeed. Pre Existing sheds, complete with utilities catering to animal care activities, make it a sure bet for those with an equestrian outlook. The interior comfort is uncompromised, thanks to the recent upgrade on both the roof and AC units, a significant added value that ensures year-round temperature comfort and long-term peace of mind. Adding to its desert appeal are the custom saguaro window coverings. This subtle touch brings in an element of local flora into the interior, enhancing the engaging theme of indoor-outdoor living. Experience life at a refreshing pace, where the harmony of the natural environment beautifully collides with the rhythm of modern living. A home designed to inspire and enthrall.

View Property

2242 W Myrtle Drive Chandler, AZ 85248

$649,999

3 Beds

2.5 Baths

2,241 SqFt

Status Active

MLS # 6747941

Property Type Single Family Residence

Price Type --

Truly stunning golf course lot with spacious floor plan in Ocotillo area. 3 bedroom plus loft. Step into this meticulously upgraded home featuring premium exterior and interior paint, covering every surface including the fencen and relaxing spa area. The first floor boasts modern and duable water proof vinyl flooring, perfect for both style and practicality. Island kitchen, including classic cabinets, granite counters, tile backsplash and much more. Upstairs, enjoy the plush comfort of brand new carpeting, Gorgeous wooden shutters throughout. Breathtaking backyard with heated spool, lush landscaping with great views to the golf course. Fruitful lemon tree and jujube date tree in the backyard

View Property