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

7027 N Scottsdale Road Unit 237 Paradise Valley, AZ 85253

$610,000

3 Beds

2 Baths

1,472 SqFt

Status Active

MLS # 6745409

Property Type Apartment

Price Type --

Location.. Location.. Location.! Situated in the Scottsdale Resort Corridor, this RARE 3-bedroom split floor plan, 2 bath, 2nd level, Gated Luxury Condo is all on one floor. Gently lived in as a second home it comes complete with your own secure detached 1 car Garage, Community Pool, Spa & Fitness Center. All high quality, newer furnishings are available on separate bill of sale. You can Move-Right-In as it's available Turn-Key if you desire! Located adjacent to the McCormick Ranch golf course you'll be walking distance to fine and casual dining at the Seville Shopping Center and merely minutes to the Heart of Scottsdale including the new Paradise Valley Ritz Carlton, Scottsdale Fashion Square, Old Town Scottsdale, Kierland, the Scottsdale Quarter, and Salt River Fields at Talking Stick. Other features and highlights include; Spacious 10-foot ceilings Granite kitchen counters Included full size washer and dryer laminate wood and tile flooring throughout HOA Fees cover - water, sewer, trash 2 of the three bedrooms offer Large Walk-in closets Controlled Gated Entry Grill Areas McCormick Ranch Walking and Bike Trail

View Property

1326 N Central Avenue Unit 411 Phoenix, AZ 85004

$610,000

2 Beds

2 Baths

1,655 SqFt

Status Active

MLS # 6758669

Property Type Apartment

Price Type --

Highly sought after 3-level loft, 2 bed/2 bath plus office/den in an award-winning building with the perks of urban living. Refined minimalist design with industrial touches throughout the unit. Must be seen to be fully appreciated. Take in amazing views of the North and West Valley through the expansive picturesque windows, and enjoy sunsets from the private rooftop deck with a spectacular downtown view. Located within walking distance to the light rail, Margaret T. Hance Park, and Central Library. Situated directly south of the Phoenix Art Museum and north of Downtown. Art, recreation, sports, music, and the incredible city dining scene just outside your doorstep!

View Property

22940 S 213th Street Queen Creek, AZ 85142

$610,000

4 Beds

2.5 Baths

2,872 SqFt

Status Active

MLS # 6718801

Property Type Single Family Residence

Price Type --

Spacious two-story haven nestled on a premium golf course lot, offering the epitome of luxury living! This expansive 4-bedroom, 2.5-bathroom residence boasts a generous family room, great room, and loft. The kitchen is adorned with granite countertops and abundant cabinet space, and the formal living and dining rooms add a touch of elegance to every occasion. The master suite, complete with a large balcony deck offering sweeping views of the lush fairways. With a super huge living space spanning 2,872 sqft, every corner of this home exudes comfort and style. Take advantage of the 4.1% assumable VA rate and make this gem yours today! Plus, enjoy community amenities such as a pool and tennis courts, with shopping, dining, and entertainment options just moments away. Additional highlights include brand new ACs (Dec 2020) with a 10-year transferable warranty, a brand new primary tub and bath (2023) with a transferable lifetime warranty.

View Property

4596 W Loma Verde Avenue Eloy, AZ 85131

$610,000

2 Beds

2.5 Baths

1,910 SqFt

Status Active

MLS # 6723595

Property Type Single Family Residence

Price Type --

Situated behind the gates of the highly sought after Retirement Community Robson Ranch, This Home is waiting for you. Completed in Dec 2023, this Spanish Ranch leaves nothing to be desired. As you Enter the home you are greeted with a wide foyer and an office/den to the right. Just down the hall, you'll find a half bath perfect for guests, and the first of two En suites complete with upgraded white cabinetry, Beautiful shower with modern tile and a complementary mosaic tile stripe completes the overall aesthetic. As you step into to the open concept living and dining, you are greeted with natural light from every angle. The kitchen boasts upgraded white cabinetry, gorgeous quartz countertops, an oversized island, gorgeous pendants, stainless steel appliances, and a built in cocktail bar in the dining room. The Second En suite offers a walk in closet, double sinks, an oversized shower complete with the same tile, mosaic stripe, and white cabinetry giving a cohesive, well thought out design aesthetic not only to this space, but to the entire home. You'll also enjoy Electric blinds throughout the home adding that touch of Luxury. Out back you'll find an extended covered patio complete with pavers, a built in BBQ, a Hot Tub, and professional desert landscape and artificial turf giving you all the beauty while leaving you with minimal maintenance.

View Property

41355 N Salix Drive San Tan Valley, AZ 85140

$610,000

4 Beds

3.5 Baths

3,741 SqFt

Status Active

MLS # 6699464

Property Type Single Family Residence

Price Type --

In the heart of the Taylor Ranch community in San Tan Valley lies a haven of tranquility and luxury. Welcome to this stunning 3741 square foot residence with a thoughtfully designed floor plan with 4 bedrooms and 3.5 baths , 3-car garage + a den/office offers the perfect retreat for productivity and focus. Don't miss the huge loft area for a great game room or craft area. Discover the backyard oasis, featuring a fenced pool that beckons you to take a refreshing dip on warm Arizona days or gather around the outdoor fireplace on cool evenings. Updated A/C units were installed in 2020, to ensure year-round comfort and energy efficiency. Closely located near the new Costco at Ellsworth Rd and EZ freeway access to the new I-24. Come see how much this wonderful home has to offer.

View Property

29662 N 69th Avenue Peoria, AZ 85383

$610,000

4 Beds

3 Baths

2,946 SqFt

Status Active

MLS # 6732604

Property Type Single Family Residence

Price Type --

Welcome to 29662 N 69th Ave, a beautiful home in the heart of Peoria, AZ. This property offers 4 bedrooms, 3 bathrooms, and an open-concept floor plan. The kitchen features modern appliances, granite countertops, a large island, and ample storage. High ceilings, large windows, and tasteful finishes create a welcoming atmosphere. Outside, enjoy a private backyard with a covered patio, lush landscaping, and a pool, perfect for relaxing and entertaining year-round. The master suite includes a spacious walk-in closet and a well-appointed en-suite bathroom. There's also a custom-painted movie room, ideal for movie nights or entertaining guests. This upgraded home is a must-see with brand new carpet and fresh paint throughout. The 3-car tandem garage is perfect for a workshop or extra vehicle. The nights are quiet, with a pleasant breeze from the nearby mountains. Plus, this home has a full ADA bath on the first level. This home has sprayed foam insulation in the attic to help with insulation along with the other upgrades! This incredible remodel is included in the sale price, and if you act soon, you may be able to customize some finishes to your liking. Located in a rapidly growing area, this home won't last long. Come see it today!

View Property

140 E Coronado Road Phoenix, AZ 85004

$610,000

3 Beds

3 Baths

2,650 SqFt

Status Active

MLS # 6752538

Property Type Apartment

Price Type --

RARE historic Villa del Coronado two units have been combined to bring you 2,650 bright & spacious livable square feet, 3 bedrooms & 3 bathrooms with 3 private view patios outside extensive walls of glass w/ pool & tree top views in this highly desired Central Phoenix location. The midcentury modern development was carefully designed and constructed by renowned real estate developer Lionel V. Mayell (known to be the pioneer of early midcentury garden living). It is positioned adjacent to the Phoenix Theatre & Art Museum. It is also minutes from the Heard Museum, Roosevelt Row Arts District, shopping, Light Rail, & in addition to iconic restaurants such as Durant's. Community features 2 large pools and expansive park-like grassy lawns where you can BBQ, relax, & enjoy beautiful sunny AZ afternoons. This home is inclusive of an inside laundry (accommodating full size washer/dryer), gas cooktop, 2 refrigerators, and 2 garage spaces w/ storage. The HOA covers all your utilities (gas, water, electric, sewer, trash, & exterior maintenance) & property taxes. The modern updated design is ready for move in - no work/remodeling needed. This is a step up from a regular cooperative, as each unit has its own Warranty Deed.

View Property

22325 N 78th Drive Peoria, AZ 85383

$610,000

4 Beds

2 Baths

2,136 SqFt

Status Active

MLS # 6757376

Property Type Single Family Residence

Price Type --

NEWLY UPDATED 4-BEDROOM HOME IN THE FLETCHER HEIGHTS COMMUNITY! This home features updated flooring throughout. Quartz countertops in kitchen and bathrooms updating the home with a bright and airy atmosphere. Fresh paint throughout. The eat-in kitchen features ample cabinet space with a large island with breakfast bar seating. The primary bedroom features dual sinks, separate tub and shower, and walk-in closet. The other bedrooms are located away from the primary bedroom allowing privacy. The large back yard features a hot tub and ample space to create a beautiful low maintenance backyard oasis. A MUST SEE TO MAKE THIS YOUR HOME!

View Property

5333 W Farmhand Drive Laveen, AZ 85339

$610,000

4 Beds

3.5 Baths

2,822 SqFt

Status Active

MLS # 6752164

Property Type Single Family Residence

Price Type --

This stunning Taylor Morrison Pinnacle model is just 2 years old and is move in ready for you now-no need to wait for a new build! With 2822 sq ft, 4 bedrooms, and 3.5 baths, this open floor plan home boasts luxury vinyl plank flooring in French oak pearl, a gourmet kitchen with upgraded cabinets, backsplash, Cafe appliances, and a spacious loft/den for additional living space. Enjoy features like a super shower in the primary bath ,a 220V outlet in garage AND an additional Tesla charging port, and smart home technology. The finished backyard with artificial turf, pavers, fairy lights and gorgeous mountain views add a touch of magic for your evenings.

View Property

25 E Echo Lane Phoenix, AZ 85020

$610,000

3 Beds

2 Baths

1,725 SqFt

Status Active Under Contract

MLS # 6748317

Property Type Single Family Residence

Price Type --

Looking for a charming cottage-style home with comfort because you deserve it? Welcome home! Echo Lane is likely the most manicured and charming home you will find at this price point. Paseo Hermoso is a private and quiet community off Central Avenue and in the historical Bridle Path. You can live in one of Phoenix's oldest parts of town; mature landscaping with tall trees, explore various trails, restaurants, farmers markets, museums and all of Phoenix's finest. Inside your Echo Lane home... Inside your Echo Lane home, you are greeted with vaulted ceilings, wood beams, Spanish-style archways and the warmth of hardwood floors. Centering the living room is a stone fireplace surrounded by old world-style Plantation shutters. Create your favorite culinary delight in your custom gourmet kitchen with beautiful granite countertops, and your grand hooded gas stove. Wash your dishes in your extra deep and wide copper kitchen sink over Spanish tile and sit or read a book in your large window seat overlooking your front garden space and trellis. Dine in your formal dining room surrounded by beautiful French doors overlooking your private garden featuring a large and cool patio with large pavers, patio lights, a hammock and plenty of room for outdoor dining or a game area for entertaining. If you are inclined, pick up your garden tools and gloves, dig in and grow your own garden creation in the various planters and garden beds, because this space is optimal for gardening. Because you enjoy relaxing in the evening, you have a large primary suite. Enjoy a large walk-in closet, more beautiful hardwood floors, French doors that open to your Zen-like patio, or shower in your stone tile walk-in shower and take in nature in the privacy of your shower while looking through your glass window overlooking your very own private garden oasis. Relax knowing you have a well-manicured and groomed home. The HVAC is brand new and the warranty will start with you. The roof and exterior have been well-maintained. The HOA covers trash and all front yard maintenance/common areas which also includes water/irrigation system. Your home is a great escape from a busy work or city life and at a price point that is priceless. Welcome home to your charming new life because you deserve it.

View Property

1419 California Drive Chino Valley, AZ 86323

$610,000

3 Beds

2 Baths

1,937 SqFt

Status Active

MLS # 6651628

Property Type Single Family Residence

Price Type --

This stunning single-level home in the Chino Valley is a hidden treasure, surpassing the allure of new constructions. Its flawless design and meticulous layout make it a true gem. Boasting 3 bedrooms, 2 baths, and a 2-car garage, this spacious abode offers everything you need. As you step inside, the open and airy ambiance, created by the high-volume ceilings, instantly embraces you, making you feel right at home. In summary, this single-level home surpasses expectations with its impeccable design, thoughtful layout, and luxurious features. It is a haven of comfort and elegance, offering a true sense of home. This remarkable home goes above and beyond with its thoughtful features and attention to detail. Each of the 3 bedrooms boasts its own spacious closet, ensuring ample storage

View Property

10114 W Cashman Drive Peoria, AZ 85383

$610,000

4 Beds

3.5 Baths

2,682 SqFt

Status Active

MLS # 6687084

Property Type Single Family Residence

Price Type --

10114 W Cashman Dr, Peoria, AZ 85383 - Priced to Sell! Pride of ownership in The Meadows, do not miss this beautiful home built in 2019 with all of the upgrades, 4 bedrooms all upstairs (1 is guest suite with private bath), Granite countertops, Gourmet stainless steel appliances with gas cooktop, large island and nice size pantry, tile backsplash, extensive wood plank tile flooring, custom window coverings, extended master shower with rain showerhead, oversized garage, water softener, Alarm system, low maintenance backyard, kids playset, nice corner lot, Community pool & hot tub, Pickle Ball Court, clubhouse, volleyball & basketball courts and other features. Easy access to Loop 303, less than 20 minutes to new Taiwan Semiconductor Manufacturing Plant.

View Property