What’s Ahead For Mortgage Rates This Week – September 19, 2016

Last week’s economic news included reports on retail sales, inflation, and weekly reports on mortgage rates and new jobless claims.

Retail Sales Slip as Consumer Prices Inch Up

Retail sales dipped into negative territory in August with a reading of -0.30 percent as compared to expectations of -0.10 percent and July’s reading of +0.10 percent. Retail sales excluding auto sales were better at +0.30 percent. Analysts expected a reading of +0.20 percent based on July’s reading of -0.40 percent. August’s negative reading for retail sales was the first negative report since March.

Inflation fared better than retail sales with August’s Consumer Price Index reading at 0.20 percent. Analysts expected a reading of 0.10 percent; July’s reading was flat. Core Consumer Price Index readings for August are less volatile, as the Core CPI does not include readings for food and energy costs. August’s Core CPI reading was 0.30 percent. A reading of 0.20 percent was expected; July’s reading was 0.10 percent. It appears that inflation is creeping upward, but remains well below the Fed’s target reading of 2.0 percent.

Mortgage Rates, New Jobless Claims Rise

Freddie Mac reported higher mortgage rates across the board last week. The average rate for a 30-year fixed rate mortgage rose six basis points to 3.50 percent; the average rate for a 15-year fixed rate mortgage rose one basis point to 2.76 percent and the average rate for a 5/1 adjustable rate mortgage rose one basis point to an average of 2.82 percent. Average discount points were 0.50 for 30 and 15-year fixed rate mortgages and 0.40 percent for 5/1 adjustable rate mortgages.

Low mortgage rates have helped home buyers, especially first-time and moderate income buyers, meet affordability challenges. Home prices have risen due to low numbers of available homes and high demand for homes. If mortgage rates continue to rise, fewer buyers will be able to qualify for mortgages and or afford asking prices for available homes.

Next week’s meeting of the Fed’s Federal Open Market Committee is expected to bring news of a Fed decision on raising the target federal funds rate. If the Fed raises its rate, consumer interest rates for mortgages, vehicles and other goods can be expected to increase as well.

What‘s Ahead

This week’s economic news includes the NAHB Housing Market Index, Commerce Department reports on housing starts and building permits issued and a Fed Statement at the conclusion of its Federal Open Market Committee meeting on Wednesday. Fed Chair Janet Yellen is also slated to give a press conference after the FOMC statement. The National Association of Realtors will also release a report on sales of previously owned homes.

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

18526 E Cloud Road Queen Creek, AZ 85142

$1,820,000

6 Beds

5 Baths

6,200 SqFt

Status Active

MLS # 6753942

Property Type Single Family Residence

Price Type --

Unleash your creativity with this expansive, unfinished home, ready to be tailored to your exact vision! Set on a sprawling 2 acres, this property offers the rare opportunity to craft your perfect residence from the ground up. With a generous 6,200 sq. ft the layout includes multiple bedrooms and bathrooms, allowing for flexible room configurations and personalized touches. Imagine creating expansive living areas, a gourmet kitchen, and luxurious master suites tailored to your taste. The on-site shop adds functionality, whether you need a workshop, storage, or an extra garage.Enjoy the benefits of a private, serene setting while still being conveniently accessible to local amenities and major roads.This is a rare opportunity to finish a home to your wants and needs.

View Property

7260 E Eagle Crest Drive Unit 19 Mesa, AZ 85207

$1,820,000

5 Beds

4 Baths

5,404 SqFt

Status Active

MLS # 6710854

Property Type Single Family Residence

Price Type --

STUNNING 5BR/4BA, 5,400 SQFT CUSTOM HOME IN LAS SENDAS! Private end of the cul-de-sac single level home tucked up next to Tonto National Forest w/ unobstructed views of SUNSETS & RED MTN. Exquisite craftsmanship & finishings w/ travertine floors inside & out, marble showers, copper sinks, granite counters/vanities & custom knotty alder doors/cabinets. Oversized Mstr Retreat w/ two way fireplace, sitting area, huge bath & custom wood closets. Chef''s kitchen w/ Subzero frig & Thermador cooktop & stoves. Elegant Great Room and dining room w/ wood beams, fireplace & french doors opening onto front & rear patios PERFECT FOR ENTERTAINING. Resort back yard w/ Stone fireplace, gazebo, custom glass-tiled pool & spa. Theater room, central vac, home audio system, alarm & more!

View Property

10914 E Quarry Trail Scottsdale, AZ 85262

$1,820,000

3 Beds

3.5 Baths

4,109 SqFt

Status Active

MLS # 6749531

Property Type Single Family Residence

Price Type --

Beautiful Custom Home in Candlewood Estates at Troon North. Single Story Open Floor Plan with a Chef's Kitchen Featuring Viking Appliances & 146 Bottle SubZero Wine Cooler. Large Kitchen Island with Breakfast Bar & Granite Counter Tops Opens to a Great Room with Stone Gas Fireplace. Surround Sound Speakers Indoors & Out. Tumbled Travertine Floors Throughout Living Areas. Oversized Primary Suite with Sitting Area & Gas Fireplace. Dual vanities, Snail Shower, Jetted Tub, & Walk-in Closet with Custom Built-ins. All Bedrooms Have Private Ensuite Bathroom. Formal Dining Room & Bonus Room. Private Resort Style Backyard with a Salt Water Heated Pool & Spa, Outdoor Fireplace in Backyard & Front Courtyard. Rooftop View Deck with Spectacular Mtn Views. Walking Distance to Brown Ranch Trail with Guarded Gate no no Interior Steps.

View Property

14840 E Valley Vista Drive Fountain Hills, AZ 85268

Open House

$1,814,999

4 Beds

3.5 Baths

4,046 SqFt

Status Active

MLS # 6671685

Property Type Single Family Residence

Price Type --

Move in ready home! This stunning home features a walk out basement with unparallel views of the city lights, Salt River Indian Reservation, and mountains. These views are real! Located close to Eagle Mountain and Firerock! This brand new home features GE Monogram appliances, upgraded hardwood flooring, and quartz countertops throughout. This home includes backyard landscaping and overlooks the protected easement with incredible views. The primary bedroom, office, and living area on the first floor. When you walk downstairs you will be shocked by the walk out basement featuring a large media room. Guest's can enjoy their own floor. The three car garage and outside storage closet create an abundance of storage space.

View Property

3179 E Portola Valley Court Gilbert, AZ 85297

$1,810,000

5 Beds

4 Baths

4,200 SqFt

Status Active

MLS # 6754463

Property Type Single Family Residence

Price Type --

Discover this stunning 5-bedroom gem in a gated community on a peaceful cul-de-sac! The property boasts an impressive 1,196 sq ft, 4-car garage, an attractive paver driveway, an RV gate, eye-catching Cantera stone accents, an impeccably maintained landscape, and a charming front porch. Inside, you will find 10-14' coffered ceilings, floor-to-ceiling windows that flood spaces with natural light, and elegant travertine tile flooring. The inviting great room has a striking stone-clad fireplace for cozy evenings and a wet bar for entertaining. The formal dining room is designed to host memorable gatherings with loved ones. Double doors lead to a den, ideal for an office or study. The Primary bedroom offers plush carpeting, a romantic stone-clad fireplace, and a spa-like ensuite with dual vanities, a jetted tub, and a walk-in closet. Cook delicious meals in the gourmet kitchen, complete with gleaming granite counters, abundant white shaker cabinetry with crown molding, a custom tile backsplash, sleek stainless-steel appliances, inclusive of 2-premium dishwashers, pendant/recessed lighting, a walk-in pantry, and a two-tier island with a breakfast bar for casual dining. The enchanting hugh backyard showcases a covered patio for shade on sunny days, a gazebo for outdoor dining, a built-in BBQ, a warm fire pit with a sitting area, and a sparkling gas heated pool (41' long by 7' deep), a stone grotto, ramada, outdoor grill, grass area and RV gate for storage. Security Camera System (16 Cameras), Alarm System, and remote security window coverings (Roller Shades on Primary BR windows), Whole House Water System, including RO water, New Custom Garage Doors - Insulated (includes Elite maintenance package on doors until 11/2026). Make this masterpiece yours today! See document page for upgrades.

View Property

10532 N 128th Place Scottsdale, AZ 85259

$1,805,900

3 Beds

3.5 Baths

3,228 SqFt

Status Active

MLS # 6646495

Property Type Single Family Residence

Price Type --

New home to be built in the Shea corridor. Aura is a gated neighborhood of 12 contemporary homes. This Essence model starts at 3,228 square feet with 3 bedrooms, 3.5 bathrooms, plus den and club room. The modern custom kitchen is a chefs dream with Wolf/Sub Zero appliances. The owner's retreat is a spa experience with dual sinks, free-standing tub, and walk-in shower. Pool and landscape is not included in price.

View Property

3560 Az-83 -- Sonoita, AZ 85637

$1,800,000

4 Beds

4 Baths

2,747 SqFt

Status Active

MLS # 6760926

Property Type Single Family Residence

Price Type --

Discover Your Equestrian Oasis in Sonoita, Arizona Nestled just 30 minutes from Tucson, this stunning 20-acre horse ranch in Sonoita offers the ultimate in secluded luxury. Perched at an elevation of 4,998 feet, the property boasts breathtaking views of the surrounding mountains and a prime location in Arizona's renowned wine country which has some of the best wine outside of France. Equestrian Paradise. Horse enthusiasts will delight in the spacious 240 x 110 riding arena, 16 covered stalls, and 10 lush grass paddocks. Whether you're training your beloved horses or simply enjoying the tranquility of the countryside, this property has everything you need. Main Residence. The main residence is a masterpiece of modern design, featuring bamboo floors, exotic granite countertops... and a recently added primary bedroom with a black basalt feature wall, Viscount granite, and a private walkout balcony. The second primary bedroom offers stunning views of the property from its lookout window. Casita. The charming casita provides a perfect guest house or rental opportunity. With its picturesque mountain views and transom windows, this cozy space offers a peaceful retreat. Unparalleled Location.Enjoy the best of both worlds with easy access to the vibrant city of Tucson and the serene beauty of Sonoita. Explore nearby Patagonia State Park, known for its camping, trails, and lake, or indulge in the region's world-class wineries. For birdwatchers, the Patagonia-Sonoita Creek Preserve is a must-visit as it is the hotspot of the southwest. Live the Dream. This exceptional property offers the perfect combination of luxury, natural beauty, and equestrian amenities. Whether you're seeking a private retreat or a thriving equestrian business, this off-grid horse ranch is an ideal choice. Buyer is aware some MLS photos have been staged for marketing purposes.

View Property

4001 E Beryl Lane Phoenix, AZ 85028

$1,800,000

5 Beds

3 Baths

3,528 SqFt

Status Active Under Contract

MLS # 6761414

Property Type Single Family Residence

Price Type --

Exceptional Horse Property Near the Tatum corridor w/ Mountain Views. This stunning equestrian estate offers 5 bedrooms, 3 baths including 2 luxurious primary suites. The open floor plan features a gourmet kitchen w/ beautiful huge island, Pot filler at stove & walk-in pantry, formal dining, office, game room & electric fireplace. The expansive backyard boasts of a diving pool, pavers, kid's play area/sandbox. Perfect for horse lovers, the property includes 4 enclosed stalls, 5 covered stalls, 2 heated wash stalls, riding arena, tack barn, round pen, RV gates and a RV hookup behind garage. A versatile casita is being used as a gym & storage but can be easily converted into a guest house by adding a bathroom. Solar owned. Don't miss this rare opportunity!

View Property

29315 N 140th Street Scottsdale, AZ 85262

$1,800,000

5 Beds

3 Baths

3,150 SqFt

Status Active

MLS # 6756163

Property Type Single Family Residence

Price Type --

Welcome to your very own ranch in North Scottsdale in the desirable 85262 zip code. This rare, just under 5 acre property in the Rio Verde Foothills offers privacy and tranquility on a dead end road, and features a pitched metal roof and charming wrap around porch perfect for outdoor living while enjoying the scenic views of the Four Peaks, Weavers Needle and the McDowell mountains. A full size windmill adds a picturesque touch to the desert landscape as you sit outside to take in the beauty of the Arizona dessert. The main residence boasts two stone fireplaces that add to the inviting atmosphere in both the primary bedroom and main living area. The high ceiling and numerous windows in the great room enhance the sense of openness making the room feel like an extension of natur The newly remodeled kitchen is modern and stylish designed for both functionality and aesthetics. Additionally, the property includes a separate 2 bedroom, one bath 1000 ft.² Casita is ideal for guests or additional living space and is currently used as an income producing residence. The casita also has an inviting fireplace in the main living area along with a wraparound porch and pitched metal roof and stunning views that match the main home. This beautiful property also comes complete with a four stall mare Motel with runs that can be divided up to eight stalls (16x40), All with automatic waters, tack room, a 50 foot round pen and a large 80 x 200 arena along with a huge fenced turn out with no climb. Miles of scenic trails for riding, hiking, mountain biking, and running are easily accessible just steps from your front door in the McDowell Sonoran regional park. Some additional noteworthy aspects of the home include an oversized three car garage with plenty of room for storage, an on-site shared well (3 share) with new sub pump and a 6000 gallon above ground tank, main home AC unit that is only three years old. The surrounding natural landscape is dotted with mature mesquite and palo verde trees, cacti, and low maintenance rolling desert. This incredible property and traditional ranch style homes combine rustic charm with updated amenities creating a perfect blend of comfort and functionality. This property has so many unique features, you have to see it for yourself!

View Property

13620 N 80th Place Scottsdale, AZ 85260

$1,800,000

4 Beds

3 Baths

3,027 SqFt

Status Active Under Contract

MLS # 6742169

Property Type Single Family Residence

Price Type --

Located in the highly desired Cactus Corridor, this ranch style home has been beautifully remodeled with a brand new kitchen and all new flooring. The property sits on a corner lot on over 1.2 acres, where you'll enjoy a brand new heated salt water pool with baja steps, covered outdoor BBQ ramada and a putting/chipping green. The new travertine, front drive pavers and landscaping throughout the property provide a special touch to convey Arizona indoor-outdoor living. Just minutes from Kierland Commons, Scottsdale Quarter, dozens of golf courses + hundreds of high-end restaurants/entertainment options, this is the ideal location! This gorgeous home invites you in with a bright + open floor plan with tons of natural light. Come see this special Scottsdale Oasis!

View Property

38306 N 108th Street Scottsdale, AZ 85262

$1,800,000

5 Beds

5 Baths

5,217 SqFt

Status Active

MLS # 6752636

Property Type Single Family Residence

Price Type --

PRICED AT JUST $345 / sq. ft....THE LOWEST IN GATED MIRABEL VILLAGE!!!! Discover contemporary comfort in N. Scottsdale's gated Mirabel Village. This Monterey home has 5,217 sq. ft. open-concept & split floor plan on main level seamlessly connect the chef's kitchen, featuring stainless appliances, a walk-in pantry and a butler's area, to inviting living spaces. The main level includes a spacious owner's suite with a fireplace, two ensuite bedroom, & a charming gated entry courtyard. For outdoor enthusiasts, you are close to hiking, biking & boating at Bartlett Lake. Just a mile from Desert Mountain & Mirabel golf communities, minutes from downtown Carefree & Cave Creek, this home also offers a versatile loft, balconies with stunning views, fresh paint, new light fixtures & 2 two car garage

View Property

17117 W Dale Lane Surprise, AZ 85387

$1,800,000

3 Beds

2.5 Baths

2,659 SqFt

Status Active

MLS # 6648276

Property Type Single Family Residence

Price Type --

Country living in the city. Beautifully maintained home on 2.73 acres. Additional parcels included in this sale total 7.3 acres. Open floor plan, extra large 3 car garage. Entertain from beautiful bar onto back patio with an observation deck for outstanding views. 9 horse mare motel, large stuccoed conex building work shop and tack room. Complete 300x160 approx arena is negotiable in sale. RV hook ups

View Property