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

10190 W Los Gatos Drive Peoria, AZ 85383

$580,000

5 Beds

3.5 Baths

2,387 SqFt

Status Active

MLS # 6734287

Property Type Single Family Residence

Price Type --

Featuring five bedrooms and 3.5 bathrooms, this home is designed for today's busy families. The inviting open floor plan seamlessly connects the living, dining, and kitchen areas, perfect for everyday living and entertaining. Natural light pours in through the wide three-panel sliding doors, creating a bright and airy atmosphere. The downstairs master suite provides a private retreat with ample space and comfort. The additional four bedrooms offer flexibility for family, guests, or even a home office. Car enthusiasts and storage seekers will love the tandem garage with built-in shelves, providing plenty of room for vehicles and storage. The low-maintenance Astroturf backyard is perfect for relaxation or play, without the hassle of constant upkeep. Located in the vibrant Meadows neighborhood, you'll enjoy access to fantastic amenities, including scenic walking parks, a sparkling community pool, and more. This community offers a great quality of life, making it one of the most desirable places to live in Peoria. This home has great bones and is a fantastic opportunity for buyers looking to put their own personal touch on it. Move in and immediately start building equity while making it uniquely yours. Conveniently close to premier shopping, entertainment, gyms, and major freeways, this home offers easy access to everything you need. Don't miss out on this amazing opportunity to own a home in the Meadows.

View Property

1631 N Lynch -- Mesa, AZ 85207

$580,000

3 Beds

2 Baths

1,753 SqFt

Status Active

MLS # 6740039

Property Type Single Family Residence

Price Type --

Tucked away in the serene community of Montecita at Mountain Bridge, this residence is charming throughout. With three spacious bedrooms and two well-appointed baths, the split floorplan gives everyone the space they need - all located on a premium lot with no neighbors behind. The private pool with water feature calls to you from the backyard oasis for the perfect cool-off - any day, any time. Community amenities galore, and less than 20 minutes' drive to Valley airports, Saguaro Lake, Canyon Lake & the Salt River as well as hiking trails and mountains everywhere you look. You'll find so many amazing opportunities for enjoying life in the Valley of the Sun here.

View Property

12524 W Rancho Court Litchfield Park, AZ 85340

$580,000

4 Beds

2.5 Baths

3,222 SqFt

Status Active

MLS # 6674550

Property Type Single Family Residence

Price Type --

Wonderful neighborhood in Litchfield Park! Beautiful home in a cul de sac, large pie shape lot with no neighbors behind. Large family room in front as you enter. Half bathroom and laundry room downstairs. Large formal dining room off the kitchen area. Amazing kitchen with beautiful cabinets and granite countertops. Large center island to eat at and additional dining in kitchen. Kitchen has stainless steel appliances and dual wall ovens. Kitchen is open to the great room with a fireplace to keep you warm on the chilly nights. Upstairs you have the loft area and 4 bedrooms. The master bedroom has a walk in closet and large master bath and patio doors that lead to upstairs balcony. Downstairs patio has gas hookup for grill and pool is in. The pool has a slide and waterfall with a cave.

View Property

40840 N Noble Hawk Way Anthem, AZ 85086

$580,000

3 Beds

2 Baths

1,776 SqFt

Status Active

MLS # 6744880

Property Type Single Family Residence

Price Type --

This beautiful home in the exclusive Anthem Country Club offers a perfect blend of luxury and functionality. Situated on the 5th hole of the Ironwood Golf Course, this residence features an oversized primary suite complete with a spacious walk-in closet and an elegant en-suite bathroom. The versatile office is equipped with custom built-ins and a convenient Murphy bed, ideal for guests or a dual-purpose workspace. The home's open layout is designed to capture natural light and showcase the picturesque golf course views. Back patio features automatic sunscreens to provide shade & comfort. Located in a gated community, residents enjoy access to world-class amenities, including two golf courses, clubhouses, state-of-the-art fitness centers, tennis and pickleball courts, and refreshing pools.

View Property

20720 W Carlton Mnr -- Buckeye, AZ 85396

$580,000

3 Beds

3.5 Baths

2,081 SqFt

Status Active Under Contract

MLS # 6719016

Property Type Single Family Residence

Price Type --

Single level 3BR/3.5BA.3CG (tandem) home in the beautiful community of Verrado. Yes, each bedroom has its own full bathroom. Open floor plan with vaulted ceilings includes functional kitchen with large granite island, stainless appliances, double ovens, gas cooktop, and plenty of storage. Large main bedroom includes custom walk-in closet. Other two bedrooms are split from main, with one having its own full bathroom. Beautiful 3 panel sliding doors opens to private backyard with play pool, pavers, and newer putting green. Exterior includes hardwired landscape lights on front/back/both sides of house. Close to so many amenities like parks, splash pads, 2 golf courses, shopping, and restaurants.

View Property

668 N Miller Street Mesa, AZ 85203

$580,000

5 Beds

3 Baths

3,065 SqFt

Status Active

MLS # 6700260

Property Type Single Family Residence

Price Type --

MOTIVATED SELLER!! House has been reduced to an AMAZING low price of just $588,000. That's 3065 sqft for only $189.00 a square foot! Interest prices are down and It's a great time to buy with this deal. This house showcases Huge kitchen, with sub zero refrigerator and full size freezer, two master bedrooms. A 3rd + 4th bedroom and the 5th bedroom that can be an office/nursery. Basement area can be a mother in laws quarters with its own living room and Bedroom or rent out for extra income. Double car garage that will fit a full size truck and a second car and lots of driveway for all the extra toys. Great well kept neighborhood.

View Property

6850 N 15th Place Phoenix, AZ 85014

$580,000

3 Beds

2 Baths

1,770 SqFt

Status Active

MLS # 6710157

Property Type Single Family Residence

Price Type --

Charming 3-bed, 2-bath home on a spacious corner lot with ample storage and an RV gate. The pride of ownership is evident as this home has been with the same family since it was built. Enjoy stunning mountain views from your front porch. Recent updates include a roof replacement just 2 years ago. Don't miss this opportunity!

View Property

21539 S 215th Place Queen Creek, AZ 85142

$580,000

4 Beds

3.5 Baths

3,245 SqFt

Status Active

MLS # 6668740

Property Type Single Family Residence

Price Type --

NEW Exterior Paint!!! Welcome to this stunning 4 bedroom, 3.5 bath model home nestled in the heart of Queen Creek. Showcasing the builder's finest work, this 3,245 sqft house offers spacious, luxurious living, combined with refined style. Unique to this home is a versatile finished basement - a rare find in the community, perfect for any lifestyle needs. Watch Video Link!

View Property

1010 W Olson Trail Huachuca City, AZ 85616

$580,000

4 Beds

5 Baths

4,323 SqFt

Status Active

MLS # 6671963

Property Type Single Family Residence

Price Type --

Custom Site Built home with mountain views all around. 9 acres of serene and private land, this stunning property offers unparalleled tranquility and breathtaking views that will captivate your senses. Home boasts 4300 sqft, 4 bedroom 5 bath nestled on an expensive 9-acre lot, offering a perfect blend of space, and functionality. The heart of the home is the spacious kitchen that's perfect for culinary enthusiasts with counter space and cupboards galore, the home set up provides flexibility for guest accommodation, game, or media room or whatever your imagination desires. Current owners transformed it into an attached casita with an additional kitchen for added convenience and versatility. This property also features a generous 1500 sqft garage/workshop ensuring ample space for your vehicles and hobbies. The workshop includes its own heating and cooling with a bathroom. Perfect for large family reunion gatherings. This place has it all with Full RV hookups, she- shed and a separate yard shed for all your lawn tools. If you are seeking dark starry nights, peaceful mountain views, and Looking to Embrace a serene lifestyle while enjoying the modern comforts and space you deserve, this could be your personal paradise. Close to the Sonoita Wineries, Tombstone, Bisbee, and Sierra Vista, this could be the place for you.

View Property

6071 S Topaz Place Chandler, AZ 85249

$579,999

4 Beds

2 Baths

1,842 SqFt

Status Active

MLS # 6759322

Property Type Single Family Residence

Price Type --

Welcome to 6071 S. Topaz Pl, a stunning 4 bedroom 2 bathroom home nestled in the sought after Sun Groves community in Chandler. This well maintained residence offers a spacious floor plan, modern upgrades, solar panels, and a peaceful neighborhood, making it the perfect family home in a prime location. Step inside to find a bright and open floor plan with high ceilings and large windows, filling the home with natural light. The expansive living area features two tone paint, plantation shutters, and gorgeous tile flooring, making it ideal for both everyday living and entertaining guests. The beautifully upgraded kitchen features granite countertops, matching appliances, a large kitchen island, and ample cabinet space. It's perfect for preparing meals and hosting gatherings with friends and family. Step outside to the beautifully landscaped backyard, which offers a covered patio, a sparkling pool, a generous gazebo, and plenty of room for outdoor relaxation or entertaining. Sun Groves is known for its family friendly atmosphere, beautifully maintained parks, and scenic surroundings. With easy access to top rated schools and nearby shopping centers, it's the ideal place to enjoy a suburban lifestyle with modern amenities! Buyers currently living in Maricopa or Pinal County ask about an ADDITIONAL $7,000 home buyer credit available on this home via the Community Promise Program.

View Property

2471 E Stacey Road Gilbert, AZ 85298

$579,999

4 Beds

3 Baths

2,121 SqFt

Status Active

MLS # 6739474

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the highly sought-after community of ADORA TRAILS in Gilbert! This single story home has 4-bedrooms, 3-full baths, a Den/Flex space & sits on a desirable corner lot. As you step inside, you'll be greeted by an open & inviting floor plan, perfect for modern living & entertaining. The 2nd guest bedroom, full bath & den'/flex space are perfectly appointed off the foyer of the home. The kitchen features granite countertops, ample cabinet space, a kitchen island with pendulum lighting & breakfast bar seating that seamlessly flows into the formal dining area & spacious family room complete with a 12' sliding glass door, overlooking the expanive covered patio. The primary suite has everything you could ask for complete with on on suite bath with dual sinks.... seperate shower/tub, a private toilet room & spacious walk in closet. The 3rd & 4th bedrooms are accompanied by their own full bath, making this home the perfect floorplan for a family, residents that work from home and/or someone who likes to entertain with guests! Outside, the easy maintenance front yard is perfectly designed & the backyard is complete with desert rock & ready for a new owner to create their dream oasis. Nestled at the base of the majestic San Tan Mountains, this family-friendly neighborhood offers the perfect blend of natural beauty & modern convenience. Residents of the master planned community of Adora Trails enjoy access to a wealth of community amenities including: 10-Acre Neighborhood Park, 12 Miles of Walking Trails, 10,000 Sq. Ft. Clubhouse/Activity Rooms, Fitness Center, Community Swimming Pool, Water Playground, Adora Trails Lake Featuring Fresh Water Fishing, Picnic Tables, Grilling Stations, Shaded Ramadas Playgrounds & Championship Basketball Courts.

View Property

2937 E Osborn Road Phoenix, AZ 85016

$579,999

3 Beds

3 Baths

1,500 SqFt

Status Active

MLS # 6719015

Property Type Single Family Residence

Price Type --

Welcome home to an amazing turn key home with A DETACHED 1/1 GUEST HOUSE is now available! 2 properties in 1, check it out! Quartz countertops! Both bathrooms in main home remodeled in 2022! All SEWER LINES AND MAIN WATER LINE to house replaced 2023! New dishwasher, disposal, washer and dryer in 2022. New wall A/C-Heat in guest house 2023 and new split unit AC added in main house 2020! THIS IS AN AMAZING HOME AND COULD BE A GREAT STR OR LTR. 2 HOMES IN ONE!! GUEST HOME ABLE TO BE SOLD FULLY FURNISHED Come take a look today at this great property!

View Property