What’s Ahead For Mortgage Rates This Week – October 11, 2016

Other than a release on construction spending, last week’s economic readings were dominated by labor and employment data including ADP Payrolls, Non-Farm Payrolls and National Unemployment. Weekly reports on mortgage rates and new jobless claims were also released.

Construction Spending Drops in August

Commerce Department readings on construction spending indicate that overall spending fell in August to -0.70 percent; this reading was lower than the expected positive reading of 0.10 percent. July’s reading showed a drop of 0.30 percent in overall construction spending. The decrease in August spending was largely the result of pull backs on public construction spending, which declined 2.0 percent after July’s decline of 3.50 percent in July. Public construction spending is 8.80 percent year-over-year., and August’s reading was the lowest since March 2014.

Private sector construction spending fell 0.30 percent in August. Residential construction fell by 0.20 percent within the private sector reading. Reasons for falling construction spending include impending winter weather and previously cited labor shortages. Shortages of available homes and high demand for homes are creating pressure on construction companies to build more homes.

Labor Reports: Job Growth Slows in Public and Private Sector

ADP reported 154,000 private sector jobs created in September against August’s reading of 175,000 new private-sector jobs. September’s reading showed the lowest growth rate since April. Analysts said that lower readings for job growth could be expected as job openings are filled.

According to the government’s Non-Farm Payrolls report for September, 156,000 new jobs were added, which fell short of downwardly-revised expectations of 170,000 new jobs added. Analysts said that a reading of 120,000 jobs added represented a healthy rate of jobs growth. As more workers return to or join the workforce, job openings can be expected to decrease. Healthy growth in jobs may signal the Fed to increase interest rates in December.

National unemployment rose from 4.90 percent to 5.00 percent in September; variances can be expected in month-to-month readings that are considered more volatile than quarterly or annual readings.

New jobless claims correlated to fewer job openings and fell to a reading of 248,000 new claims 256,000 new claims were expected based on the prior week’s reading of 254,000 new claims.

Mortgage Rates Nearly Unchanged

Average mortgage rates were unchanged with the expectation of a decrease of one basis point for 5/1 adjustable rate mortgages to 2.80 percent. Average rates for 30 and 15 year fixed rate mortgages were unchanged at 3.42 percent and 2.72 percent Discount points were unchanged at 0.50 percent for fixed rate mortgages and 0.40 percent for 5/1 adjustable rate mortgages.

What’s Ahead

This week’s scheduled economic reports are few due to the Columbus Day holiday Monday. Along with weekly readings on mortgage rates and new jobless claims, reports on job openings and consumer sentiment will be released.

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 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+

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

19162 S 212th Place Queen Creek, AZ 85142

$578,299

5 Beds

3 Baths

2,648 SqFt

Status Active

MLS # 6778906

Property Type Single Family Residence

Price Type --

Stunning, brand-new home in the Acclaim at Jorde Farms community! This beautifully designed single-family home features an open floor plan, seamlessly connecting a spacious great room, dining area, and a modern kitchen with granite countertops and a central island. With 5 bedrooms, 3 bathrooms, and a versatile loft, this home offers plenty of space for every lifestyle. Enjoy the charm of a neighborhood setting with planned walking trails, scenic parks, and a future community pool—a natural gathering place for residents. Conveniently close to golf courses, dining, and shopping. WELCOME HOME!

View Property

21033 E Camina Buena Vista Queen Creek, AZ 85142

$578,065

4 Beds

3 Baths

1,994 SqFt

Status Active

MLS # 6771915

Property Type Single Family Residence

Price Type --

Don't Miss Out on this CLOSE OUT & FINAL OPPORTUNITY to own this beautiful inventory home located in desirable Hastings Farms. BELOW MARKET RATES AVAILABLE for Fixed Rate or Rate Buydown for qualified buyers when financing with Builder's preferred Lender(s). Located close to Queen Creek Marketplace Shopping, Dining & Entertainment, this Community has Parks, Soccer Field, Basketball Courts, & 8-Mile Walking trail. This Beautiful home is located across from the park. Beautiful designer finishes including Gas Cooktop, Double Wall Ovens, 42' Upper Cabinets, Quartz Kitchen Countertop, Tiled Backsplash, Plank Tile Flooring & Window Blinds. Don't Wait, Come See This Home Today.

View Property

18176 W Paradise Lane Surprise, AZ 85388

$578,000

4 Beds

2 Baths

2,230 SqFt

Status Active

MLS # 6760419

Property Type Single Family Residence

Price Type --

Welcome Home! This Meticulously maintained 4 bedroom, 2 bath home backs to a quiet greenbelt with walking trails giving you privacy while enjoying swimming in the custom pool that features a waterfall or relaxing on the covered patio. Enjoy cooking in the gourmet kitchen which includes cherry cabinets, granite countertops, double oven and all new SS appliances. Cozy up next to the gas fireplace in the great room that features 10' tall ceilings and plantation blinds throughout the house. The large primary bedroom features sliding door access to the patio and pool area, an ensuite bathroom, walk in closet with built-ins. Enjoy the oversized three car garage with built-in cabinets and a large laundry room. New AC/Heater/Water Heater. This home shows like brand new, you wont be disappointed.

View Property

618 E Cleveland Court San Tan Valley, AZ 85140

$578,000

5 Beds

4 Baths

4,141 SqFt

Status Active

MLS # 6748218

Property Type Single Family Residence

Price Type --

Beautiful house in the desired area of San Tan Valley/Queen Creek area. HUGE home with 5 bedrooms, 4 full baths, open-floor plan, big loft, large bedroom and full bathroom downstairs, oversized walk-in closet, 3-car garage, large RV gate with enough area for all your toys and storage and a huge backyard to relax. Just minutes away from HWY 60 and Hwy 24 for easy access to your job and the city. This community featuring lots of walking and biking paths, parks and volleyball court, entertainment and much, much more.

View Property

16364 W Avenida Del Sol -- Surprise, AZ 85387

$577,995

4 Beds

3 Baths

2,570 SqFt

Status Active

MLS # 6724796

Property Type Single Family Residence

Price Type --

Thoughtfully designed 4-bedroom home with 3 baths and 10-foot ceilings. Deluxe master bath with walk-in shower, Gourmet kitchen includes 42-inch upgraded cabinets, and a center-meet slider at kitchen nook, paver driveway, walkway to entrance, laundry sink pre-plumb and an impressive tray ceiling entrance.

View Property

1400 E Orchid Lane Gilbert, AZ 85296

$577,900

5 Beds

3 Baths

2,237 SqFt

Status Active

MLS # 6751890

Property Type Single Family Residence

Price Type --

Welcome to your dream home located in the highly sought-after golf course subdivision. As you step inside, you will be greeted with warm and inviting neutral colors and new flooring/carpet throughout. The spacious family room with a cozy fireplace is the perfect spot to unwind after a long day. Designed with your comfort in mind, this meticulously maintained home offers 4 generous sized bedrooms and a den, providing plenty of space for everyone in the family. Prepare to be amazed by the completely remodeled chef's kitchen featuring brand new cabinets and stunning quartz countertops. With ample cabinet and counter space this kitchen is ideal for hosting dinner parties or simply cooking up a homemade meal. This home has been recently upgraded with new exterior and interior paint, as well as a new vanity in the lower-level bathroom. And for the icing on the cake, a brand new A/C unit has been installed, ensuring comfortable living all year round. But that's not all, as you step outside, you'll find a large and private backyard with a covered patio, perfect for summer barbecues and gatherings with friends and family. Don't miss the opportunity to make this house your new home and experience the perfect combination of comfort, convenience, and style. Trust us, you won't want to leave!

View Property

8245 E Quintuplet Avenue Mesa, AZ 85212

$577,828

4 Beds

3.5 Baths

3,752 SqFt

Status Active

MLS # 6784443

Property Type Single Family Residence

Price Type --

MLS#6784443 January 2025 Completion! The Imperial floor plan at Hawes Crossing seamlessly combines functionality and style, thoughtfully designed with modern touches to suit your lifestyle. Step through the inviting front porch into a welcoming foyer, where you'll find a powder room and access to the 2-car garage. From here, ascend to the second floor or move into the heart of the home—an open-concept great room, dining area, and kitchen, all connected to a covered outdoor living space ideal for relaxing or entertaining. Upstairs, the home features a luxurious primary suite with a spa-like bath and spacious walk-in closet, three additional bedrooms (two with walk-in closets), a shared bathroom, and an en suite bathroom. This level also boasts a versatile loft and a conveniently located laundry room, making the Imperial both practical and luxuriousyour perfect at-home retreat. Structural options include: gourmet kitchen, paver driveway and walkway.

View Property

21355 E Sparrow Drive Queen Creek, AZ 85142

$577,511

4 Beds

3 Baths

2,185 SqFt

Status Active

MLS # 6753927

Property Type Single Family Residence

Price Type --

Welcome to this stunning home in Ascent at Jorde Farms, featuring numerous upgrades! Inside, you'll find a gourmet kitchen with designer cabinets, quartz countertops, and Whirlpool stainless steel appliances. The open-concept great room is ideal for entertaining. The private primary bedroom has spacious walk-in closet. This house also boasts upgraded paint and flooring, among $75K of other options and upgrades.

View Property

2030 E Duke Drive Tempe, AZ 85283

$577,500

3 Beds

2 Baths

1,652 SqFt

Status Active

MLS # 6736889

Property Type Single Family Residence

Price Type --

This TEMPE Home is in a GREAT LOCATION, Plus NO HOA! It's a Turnkey home! EVERYTHING has been Remodeled with Modern Up-grades! 3 Bedrooms, 2 beautiful modern primary Bath and Guest bath. Large Gathering Room and Huge kitchen! Your buyer will love the Chef's kitchen, Granite Counter's, Double Oven, and Lot's of kitchen storage. No carpet and new windows have custom blinds and shades! 2 Car Garage with garage and a side Service Door. No maintenance Front and a Huge backyard with a Covered Patio! Close to the 101 and 60 freeways. New Roof, Plumbing, HVAC, Electrical,Windows, Doors all done in 2022.

View Property

43227 W Caven Drive Maricopa, AZ 85138

$577,000

5 Beds

3 Baths

3,955 SqFt

Status Active

MLS # 6758139

Property Type Single Family Residence

Price Type --

Must see this GORGEOUS HACIENDA home located in Pecan Groves, Maricopa's most desirable community! This multi-level floorpan with 5 Beds & 3 Baths + LOFT is accented by soaring ceiling & Travertine Tile! Create an incredible life with this 3,901 Sq ft nestled in the GREAT- The Villages of Rancho El Dorado. CHECK OUT THE SPECTACULAR VIEW of the LAKE and the GREAT AMENITIES as YOU enter the subdivision ! You'll love the beautiful Grand Front Porch! Bright open floor plan w/ separate living room & dining room, Lovely KITCHEN w/ Stunning Granite Counter Tops, S/S Appliances w/ Double Oven, Gas Stove & Dishwasher, S/S French door Refrigerator & Microwave Oven.

View Property

2352 W Willow Breeze Road Chino Valley, AZ 86323

$577,000

3 Beds

2 Baths

1,512 SqFt

Status Active

MLS # 6728432

Property Type Single Family Residence

Price Type --

This gorgeous home sits on 3.45 acres of fully fenced property offering breathtaking views from your whole property. The large circular driveway offers more than enough room for parking and guests. The interior of the home is elegantly done, with modern finishes including tile throughout, quartz countertops and a butcher block island. Both bathrooms are well finished with tile and upgraded vanities. The large patio is a perfect place for entertaining or just enjoying the amazing views. The property also features is a large detached shop as well as being equipped for horses and other livestock with stables, tack shed and separately fenced portions of the property. Brand new roof!

View Property

3536 N Snead Drive Goodyear, AZ 85395

$577,000

3 Beds

3 Baths

2,466 SqFt

Status Active

MLS # 6748270

Property Type Single Family Residence

Price Type --

Welcome to this beautifully updated home + casita w/ full bath surrounded by a private backyard oasis featuring multiple entertaining areas, covered patio & gorgeous water feature. Charming courtyard entrance with pavers. Elegant Great Rm with vaulted ceilings & French doors to patio, game table or dining area & entertainment area with media cabinet. Rich wood cabinets, granite counters, stylish tile backsplash, SS appliances incl gas stove (new in 2012), portable prep-bar, walk in pantry & breakfast bar. The primary suite offers a cozy sitting area, patio access, bathroom with dual sinks, shower & walk-in closet. Addtl guest bdrm, full bath, home office/den. Travertine tile throughout home. Re-imagined laundry/craft room with extra storage. GORGEOUS HOME!

View Property