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

1609 E Montecito Avenue Phoenix, AZ 85016

New

$624,900

3 Beds

2 Baths

2,362 SqFt

Status Active

MLS # 6759860

Property Type Single Family Residence

Price Type --

OVER $75K UNDER APPRAISAL!! This stunning property is nestled in the desirable Biltmore/Camelback corridor and is surrounded by an array of shopping options, and some of the city's finest restaurants. This beautifully designed two-story residence features three spacious bedrooms and two bathrooms, providing ample space for relaxation and privacy. The master bedroom is conveniently located on the first floor. The property boasts modern finishes and an open floor plan that enhances its inviting atmosphere, with a stylish kitchen, bright living spaces, and a lovely outdoor space, perfect for family gatherings or the addition of a pool. Large laundry with ample storage. Two car carport with a Tesla charging station. Easy access to highways and public transpiration. Do not miss this one!

View Property

851 W Santa Gertrudis Trail San Tan Valley, AZ 85143

$624,900

5 Beds

3 Baths

2,597 SqFt

Status Active

MLS # 6756451

Property Type Single Family Residence

Price Type --

Gorgeous updated, upgraded, triple-split open, bright, & spacious 5 bed 3 bath 2567 single level home w/ OVER $99K in Updates (see photo 2). Enhanced high ceilings, soothing paint tones, entertainment niche, contemporary fireplace, wood-look laminate flooring & multi-slider patio door. Impeccable kitchen is fully equipped with granite counters, recessed lighting, subway tile backsplash, & island w/ breakfast bar. A plethora of white shaker cabinetry with crown molding & walk-in pantry provide ample storage space. NEW 2021 Pebble tec pool w/ shelf, water feature, in-ground spa surrounded by pavers & elevated Gazebo area. Spacious Primary suite is a true retreat, highlighting a walk-in shower & walk-in closet. Don't miss split 3-car garage with attached cabinets for extra storage. Enjoy outdoor gatherings or relaxation in the fabulous backyard that comes with a covered patio, a pergola, a fire pit, pavers, and a refreshing pool & spa! What's not to love? This value will not disappoint!

View Property

12518 W Skylark Drive Sun City West, AZ 85375

$624,900

3 Beds

2 Baths

2,694 SqFt

Status Active

MLS # 6754723

Property Type Single Family Residence

Price Type --

: Stunning Remodeled Home Backing to the 18th Hole of Stardust Golf Course Welcome to this meticulously crafted gem nestled in the heart of Sun City West. With nearly 2700 square feet of living space, this home offers a harmonious blend of elegance, comfort, and modern sophistication. Every detail of this home has been thoughtfully addressed, resulting in a seamless fusion of style and functionality. The heart of the home, the kitchen, features a waterfall granite island, perfect for entertaining or enjoying family meals. Top-of-the-line LG appliances elevate your culinary experience. The spacious layout seamlessly connects living, dining, and kitchen areas, creating an inviting atmosphere for gatherings. Don't miss this opportunity to own a slice of paradise in Sun City West

View Property

12548 W Lawrence Road Glendale, AZ 85307

$624,900

3 Beds

2.5 Baths

2,507 SqFt

Status Active

MLS # 6715393

Property Type Single Family Residence

Price Type --

Gorgeous 3 bed/2.5 bath home on corner lot in gated community. This ''like new'' home features a spacious floorplan w/ bonus room, formal dining room, soaring ceilings & lots of natural light throughout. The open floorplan is perfect for entertaining. The eat-in kitchen features stainless steel appliances, dual ovens, tons of storage space, butler's pantry & large island w/ breakfast bar. The owner's suite has a walk-in shower, double sinks, large closet & its own exit. The huge rear yard features an extended covered patio & low-maintenance landscaping w/ artificial turf. There's also a spacious laundry room w/ built-in cabinets, water softening system, oversized 3 car garage & RV gate. Amazing community w/ convenient freeway access, near shopping, dining & entertainment. Welcome home!

View Property

4501 E Grovers Avenue Phoenix, AZ 85032

$624,900

4 Beds

2 Baths

1,812 SqFt

Status Active

MLS # 6723893

Property Type Single Family Residence

Price Type --

Corner lot! NO HOA! This fantastic 4 bedroom, 2 bath home is located in a quiet North Phoenix neighborhood off Tatum & Bell. The home features vaulted ceilings and tile and engineered wood floors. The kitchen features espresso cabinets, granite counters, and a large island with a breakfast bar. It also features a gas stove and a stainless steel refrigerator. The master bath features a beautiful master shower with tile, glass door, and 3 showerheads, a vanity with dual sinks and granite countertop, and a walk-in closet. You will love the pebble tech pool, covered patio, and misting system. The garage is large with attached cabinets. The home has an easy to maintain desert landscape with a drip system. It has been freshly painted and is ready for you to move in.

View Property

1370 W Derringer Way Chandler, AZ 85286

$624,900

3 Beds

2.5 Baths

2,131 SqFt

Status Active

MLS # 6745277

Property Type Single Family Residence

Price Type --

This Amazing Home Has Wonderful Upgrades And Brings You Peace Of Mind On The Recently Updated Items. Stone Front Greets You To Enter This Pristine Property With Hand Scraped Wood Floors With Two Separate Living Areas, Three Full Bedrooms With Walk In Closets, With Two Having Private Bathrooms And An Extra Bath For Guests. Kitchen Has Large Granite Island And New Porcelain Tile Floors Open To Family Room W/ Gas Fireplace And Views Of Newer Pool And Lush Landscaping. This Floor Plan Is Split For Comfortable Family And Guest Privacy. The Rear Yard Has A Beautiful Peeble Tek Pool With Built In BBQ and Mature Ficus For Secluded Entertaining. Check The Updated Feature Section To See The Newer Roof, Newer AC, Water Heater, Ten Year Old Pool And Remodeled Kitchen. Three Car Extended Garage

View Property

6427 W Buckskin Trail Phoenix, AZ 85083

$624,900

5 Beds

2.5 Baths

3,645 SqFt

Status Active

MLS # 6701470

Property Type Single Family Residence

Price Type --

ABSOLUTELY GORGEOUS 5 BEDROOM, 2.5 BATH HOME IN UPSCALE ENTRADA. KITCHEN WITH ISLAND AND DINE IN SPACE OVERLOOKS FAMILY ROOM WITH WET BAR. FORMAL DINING & LIVING ROOM AT FRONT OF THE HOUSE. LOWER LEVEL DEN AND BATH. UPSTAIRS MASTER IS EXTRA LARGE W HUGE WALK-IN CLOSET, SEPARATE TUB & SHOWER. GENEROUS SIZED 2ND BEDROOM COULD INCLUDE OFFICE, ADDITIONAL BEDROOMS PLUS HUGE BONUS ROOM UPSTAIRS. EXQUISITE BACK & FRONT LANDSCAPING, BEAUTIFUL POOL, EXTENDED COVERED PATIO, AND MOUNTAIN VIEW WITH NO NEIGHBORS BEHIND. RECENT CARPET & PAINT FOR NICE FRESH FEEL.

View Property

14150 W Crabapple Drive Surprise, AZ 85387

$624,900

4 Beds

3 Baths

2,185 SqFt

Status Active

MLS # 6742908

Property Type Single Family Residence

Price Type --

This is a GORGEOUS FORMER MODEL home! This home is OVERFLOWING with over $158K in DESIGNER upgrades including: tile/carpet, lights/fixtures + all window coverings! RV garage with AC! GOURMET kitchen w/gas range, quartz countertops, tiled backsplash, island w/sink, designer cabinets + stainless appliance suite! Great room w/sliding door for indoor/outdoor living! Formal dining room! PRIVATE owner's suite w/walk in shower, soaking tub + walk-in closet! STUNNING backyard OASIS w/built-built-in fire pit, pavers and extended covered porch! Great shopping/ restaurants nearby! WELCOME HOME!

View Property

2543 S Jefferson -- Mesa, AZ 85209

$624,900

4 Beds

3 Baths

2,686 SqFt

Status Active

MLS # 6729724

Property Type Single Family Residence

Price Type --

**REDUCED PRICE w/ MOTIVATED SELLERS** This desirable area, single-story, open layout, 12' vaulted ceilings, 4 bedroom, 3 bathroom home has great entertaining space. The kitchen is filled with storage to house your current and future appliances. The dishwasher, garbage disposal and refrigerator were recently replaced. Ceramic tile flows throughout traffic areas and carpet is located in the bedrooms. Outside you have a private pool and covered patio outfitted with misters. On the side, you'll find an 8' RV gate with space to store your boat and/or outdoor toys. The 2-car garage doors were recently replaced and inside you have storage galore. Come see... Fall in love... Make an offer today! AZ Summer nights. On the side of the property you'll see a 8' RV gate with space to store your boat and/or outdoor toys. The 2-car garage doors were recently replaced and inside you'll find a workbench with overhead storage to handle your DIY project needs. Close to freeways, shopping, restaurants, Mesa-Gateway Airport, Arizona State University East Campus and Chandler Tech Corridor, makes this an ideal home for your needs. Come see, fall in love and make an offer today!

View Property

9956 W Spur Drive Peoria, AZ 85383

$624,900

4 Beds

3 Baths

1,959 SqFt

Status Active

MLS # 6725846

Property Type Single Family Residence

Price Type --

Welcome to this North Peoria gem! This open concept floorplan has amazing mountain views. This beautiful 4 bedroom/3 bath home includes a gourmet kitchen with granite counters, stainless appliances and a large walk-in pantry. The home has beautiful tile throughout and plush carpet in all bedrooms. This quiet cul-de-sac lot with view fencing is an entertainers backyard with covered patio, built-in grill, firepit and synthetic grass. This home is a must see!

View Property

200 Moons View Road Sedona, AZ 86351

$624,900

2 Beds

2 Baths

1,824 SqFt

Status Active

MLS # 6691061

Property Type Single Family Residence

Price Type --

Welcome to your dream retreat in the heart of the enchanting Sedona red rocks! This two bed two bath home with two car garage is nestled amidst the stunning landscapes and vibrant energy that Sedona is world renowned for. Enjoy breathtaking, unobstructed views of Sedona's iconic red rock formations from the comfort of your own home, or from the large fully enclosed Arizona bonus room. Nestled just off the 11th hole of the Oak Creek Country Club Golf Course, this traditional Sedona style home is located in a quiet Oak Creek neighborhood, yet close to all the amenities the Village of Oak Creek has to offer - hiking, biking, Oak Creek, shopping, golf and world class dining. Start your Sedona journey today!

View Property

15333 W Sells Drive Goodyear, AZ 85395

$624,900

4 Beds

3 Baths

3,611 SqFt

Status Active

MLS # 6702222

Property Type Single Family Residence

Price Type --

Situated in the heart of Palm Valley, this beautiful home features more than 3300 sf of space with four bedrooms, three full bathrooms and a separate den/office. The kitchen features granite counters, ss appliances, large island with breakfast bar, double ovens, a huge walk-in pantry, and a breakfast nook. The primary suite is expansive with a gorgeous master bath and walk-in closet. Two of the additional bedrooms are HUGE and feature a ''Jack and Jill'' bath. The guest room is split from the others and is just off the third full bath. A three car garage offers plenty of space for cars, storage, or toys. Close to highly rated schools, shopping, dining, Wigwam Resort, spring training, golf, Goodyear Rec Center, Westgate Entertainment District and more make this a must seem home!

View Property