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

4186 W Silverdale Road San Tan Valley, AZ 85144

$1,300,000

4 Beds

3.5 Baths

3,602 SqFt

Status Active

MLS # 6752080

Property Type Single Family Residence

Price Type --

Are you tired of cheaply built black-and-white spec homes? Have you been looking for a home built with quality craftsmanship and distinctive style? Your search is over! This property is designed and built by a respected custom home builder as his personal retirement residence. This nearly 3.5 acres of beautiful desert land offers exquisite privacy, incredible views, and enough room for a shop, guest house, barn, you name it. All with animal rights and freedom from HOA hassles. The elegant interior finishes include over 12,000 sqft of beautiful blue pine lumber, cut from northern Arizona pine forests bringing resort-style living into the valley, custom stonework, granite countertops, and much more. The full-length covered patio, porch, and massive 30'X30' garage combine with the spacious home to equal 6,000 sqft under roof. Expertly designed for maximum functionality and efficiency, this home offers ample storage space and no hallways. No detail has been overlooked, and no corners have been cut in this custom four-bedroom, three-and-a-half-bath energy-efficient home. With a 400 amp electrical service, welder-ready connection, and EV charger in the garage, not to mention the R/V hook-up outside, this property checks all the boxes. Endless hiking, biking, and horseback riding are at your fingertips from the Rock Peak Wash Trail-head entrance into the over 10,000-acre San Tan Mountain Park just down the street. Don't delay! You could search the entire Phoenix Valley for years and never find another opportunity like this.

View Property

210 White Tail Drive Sedona, AZ 86351

$1,300,000

4 Beds

3 Baths

2,612 SqFt

Status Active

MLS # 6763188

Property Type Single Family Residence

Price Type --

Luxury home embraced by the 11th fairway of Gary Pank's championship Sedona golf course boasting views of golf course,Red Rocks,& mesas.Elegance found in this newly interior painted 4BR/3BA single level open floor plan, corner golf course lot.New energy efficient owned solar panels,H2O heater,dishwasher,RO system in '24. Lock & leave options include the latest technology w/Ring security cameras & ADT monitoring.Separate building adjacent to the pool/backyard provides unlimited potential for casita/studio/office.Resort style backyard w/hot tub providing cascading waters flowing into pool providing ambient amethyst lighting at night. Favorable Seller financing is a consideration as well as furnishings via a separate bill of sale.Obviously this one won't last long

View Property

25258 N Ranch Gate Road Scottsdale, AZ 85255

$1,300,000

3 Beds

2 Baths

2,890 SqFt

Status Active Under Contract

MLS # 6716488

Property Type Single Family Residence

Price Type --

Discover the enchanting allure of this exquisite single-level Mediterranean-style home in Happy Valley Ranch. Boasting 3 bedrooms and 2 bathrooms, this stunning residence is set on a spacious .71-acre lot with ideal North/South exposure, offering both privacy and picturesque surroundings. As you step inside, you'll be greeted by vaulted ceilings, rich wood accents, and beautiful arched windows that fill the home with natural light. The meticulously maintained interiors feature rich hardwood floors that add a touch of luxury and sophistication, while the elegant French limestone fireplace in the living room enhances the serene ambiance throughout. The kitchen is a culinary masterpiece, showcasing marble countertops, an AGA Elise Series 48 Inch Induction Range, fully-integrated paneled KitchenAid appliances, and a walk-in pantry. Efficiency meets style with lower cabinets equipped with sliding drawers, and a cozy kitchen fireplace makes the heart of the home warm and inviting. The primary suite is a private retreat, complete with a walk-in closet and French doors that open to the tranquil backyard. The luxurious primary bathroom includes a double vanity sink, beautifully tiled walls, a soaking tub, and a freestanding shower with premium Waterworks Living Brass fixtures. A dedicated home office with custom built-in cabinetry is conveniently located off the living room, providing a perfect workspace. Two additional bedrooms are situated on the opposite side of the house, ensuring privacy for all. A comfortable loft area leads to a private balcony, offering breathtaking views of the McDowell Mountains. Outside, enjoy the lush desert landscaping that creates a serene setting. The expansive private covered patio, heated pool, and spa provide the perfect spaces for relaxation and entertainment. This home seamlessly blends elegance and comfort, offering a truly unique living experience in the heart of Happy Valley Ranch.

View Property

1302 E Maddock Road Phoenix, AZ 85086

New

$1,300,000

3 Beds

2 Baths

2,702 SqFt

Status Active

MLS # 6763983

Property Type Single Family Residence

Price Type --

Come see this beautiful property with a beautiful 2700 square-foot main home and then a two bedroom two bath guest house. Plus lots of horse stables and just an amazing overall property.

View Property

895 W Tyson Street Chandler, AZ 85225

$1,300,000

4 Beds

3 Baths

2,714 SqFt

Status Active

MLS # 6736767

Property Type Single Family Residence

Price Type --

Palm Springs type oasis here in Arizona-earthy modernist, with a taste of midcentury classic/ One-of-a-kind home/block build, complete w/Casita, makes 5 bedrooms, perfect for those seeking a home that truly stands out. NO garage doors in front, ensuring uncluttered facade, layout w/entertaining in mind, the residence today offers a variety of inviting social spaces where relaxation & enjoyment come naturally. 19 ft of stunning Anderson windows that softly bathe the space in natural light, enhancing the modern glass rails & the original built-in china cabinet & buffet. These features create a sophisticated blend of vintage & modern styles, offering practicality with elegance. In the evening, entire home/an ambiance that radiates a warm glow, charged with great energy. The heart of the home is highlighted by three original stone fireplaces, including a cozy one in the kitchenideal for creating warm memories during holiday gatherings. The attached casita provides additional space, and making this home a 5 bedroom, 4 baths, perfect as a guest suite or a playful retreat. Key Features are MODERN REMODEL-FUN/UNIQUE HOME-BEAUTIFUL RENOVATED CASITA W/ALL BELLS INC W&D MAKING THIS PROPERTY 5BED/4BATH/5SHOWER HOME-HEATED MULTI PHZ POOL & HOT TUB-GRASS FRONT & BACKYARD-NO HOA-HIGHLY SOUGHT AREA DOWNTOWN CHANDLER-17,322 SQFT, CORNER LOT-N/S FACING, SRP WATER IRRIGATION-A/C YORK 20SR-ANDERSON & KRAVISA WINDOWS, KITCHEN IS A CHEF'S DELIGHT, envii CABINETS, PANTRY'S W/PULLOUTS, LRG QUARTZ COUNTERS, SMART FRDG, GAS STOVE W/OVERHEAD WATER, BRAZILIAN TILE, WONDERFUL AMBIANCE W/KITCHEN GAS FIREPLACE-PLUS 2 OTHERS, W/AQUASANA WHOLE-HOUSE NON SALT FILTRATION, PR/BED SITTING AREA, & ACCESS TO GYM, 3 PRIMARY CLOSETS, GORGEOUS BATHRMS-EXTENDED 2 CAR GRGE, W/AC/CABINETS/STORAGE ROOM, SEPARATE BUILDING WORKSHOP-TREES ORANGE, FIG, ALMOND, LEMON, POMEGRANATE, GREEN APPLE-AN - THIS IS AN OASIS, THAT CAN'T BE MATCHED

View Property

8905 E Mountain Spring Road Scottsdale, AZ 85255

New

$1,300,000

2 Beds

2.5 Baths

2,431 SqFt

Status Active

MLS # 6764265

Property Type Townhouse

Price Type --

Spectacular Market Street Villa at DC Ranch. This lovely Camelot built Villa offers, ungraded wood flooring, stainless steel appliances, slab granite countertops, and ungraded cabinets. 12' ceilings, a bank of french doors leading to one of two spacious patios. The back patio features flagstone decking, a private pebble-tec spa with water feature. Enjoy your private tropical oasis.This is an end unit and sides to common area. The 3rd bedroom is used as den/office can be converted to a bedroom. New Epoxy garage floor. This is the Scottsdale lifestyle you want. DC Ranch has an extraordinary clubhouse with work out room, lap pool and kids play area. Close to great eating and the 101. Memberships are available to the country club

View Property

5501 E Woodridge Drive Scottsdale, AZ 85254

$1,300,000

8 Beds

6 Baths

2,883 SqFt

Status Active Under Contract

MLS # 6724656

Property Type Single Family Residence

Price Type --

Charming home in the highly desirable Scottsdale 85254 zip code. Property features 8 bedrooms, 2 full bathrooms and 4 half bathrooms in some of the bedrooms, comfortable common areas with family room featuring a cozy fireplace an open kitchen with plenty of storage space. Beautiful, relaxing backyard with lush landscaping and fenced in pool off to the side.

View Property

28223 N 153rd Street Scottsdale, AZ 85262

$1,300,000

4 Beds

3.5 Baths

4,556 SqFt

Status Active

MLS # 6688578

Property Type Single Family Residence

Price Type --

Gorgeous home in a gated community with no HOA dues, with beautiful views of Four Peaks. 4 bedrooms plus a wood floor office, 3.5 bath, 4 car garage. 1 acre lot. Top of the line kitchen with Thermador appliances, dual range with a gas cook top and electric ovens. There are travertine floors and granite countertops throughout. This property has a shared well. No need for hauled water. You won't want to miss out on this custom built home!

View Property

7538 E Larkspur Drive Scottsdale, AZ 85260

$1,300,000

4 Beds

2.5 Baths

2,726 SqFt

Status Active

MLS # 6728734

Property Type Single Family Residence

Price Type --

Nestled in Scottsdale, this fully remodeled four-bedroom, 2.5-bath home epitomizes turnkey elegance. Bright interiors complement modern upgrades, offering a seamless blend of style and comfort. Minutes away from Kierland Commons, The Quarter, top-rated schools, golf courses, and restaurants; convenience meets luxury. The resort-style backyard beckons with a putting green and sparkling pool, ideal for relaxation and entertainment.

View Property

40320 N Hickok Court Phoenix, AZ 85086

$1,300,000

5 Beds

4.5 Baths

4,575 SqFt

Status Active Under Contract

MLS # 6715957

Property Type Single Family Residence

Price Type --

Massive $100,000 price reduction! Over $600k in upgrades If you're looking for a house in Anthem, you won't find better. Every upgrade imaginable, $250k back yard with lazy river styled pool, swim up bar, built in ramada & 30-person jacuzzi. $200k retro fitted smart home and media center, hardwired intranet system, hardwired cctv throughout the house inside and out. Floors upgraded throughout, Every bathroom upgraded, Soft-water system, Restoration Hardware Chandeliers throughout, Built in office, Floor to Ceiling cabinetry in garages, RV Gate, Electric car 50 Amp charging, Industrial Foggers, And endless more upgrades...

View Property

3807 E Amberwood Drive Phoenix, AZ 85048

$1,300,000

4 Beds

3 Baths

2,563 SqFt

Status Active

MLS # 6730016

Property Type Single Family Residence

Price Type --

BUYERS LOSS IS YOUR GAIN!SINGLE LEVEL WATERFRONT,3 CAR GARAGE.APPRAISED AT 1.3 M,Pls ignore Days on Market.Parks,boating,fishing. FRESH WATER lake. Over 400k remodeling done recently by owners to todays quality finishes & designer touches. Rare find for a single level, three car garage w/side addl storage!This is an opportunity of a lifetime to settle into your forever home. Nestled on a cul-de-sac lot the home boasts gorgeous MOUNTAIN VIEWS AND SUNSETS. Excellent schools. Launch your electric boat or kayaks from your private dock. Entertainers dream w/ pergola sitting area and separate covered patio area. Room for pool.Primary split from 2/3 bedrooms & split 4th bedroom PLUS OFFICE!Perfect for teens/in-laws quarters with bath. NEW AC, NEW WINDOWS, WALNUT WOOD FLOORS, PLANTATION shutters,

View Property

8619 E San Esteban Drive Scottsdale, AZ 85258

$1,300,000

4 Beds

3 Baths

2,168 SqFt

Status Active

MLS # 6738363

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4 bedroom 3 bath home located in the prestigious McCormick Ranch community. It is a split floor plan and features a resort like backyard on an oversized lot, with a pool, hot tub, basketball court and incredible curb appeal! This home has been recently remodeled to perfection: new synthetic stucco, new electrical panel, new water heater, all new flooring and paint, and so much more. It sits in the highly sought after A+ Scottsdale school district and just steps from the greenbelt, dining, shopping and 101 freeway. This home has been meticulously maintained and is turnkey!

View Property