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

48842 Riviera Place Ehrenberg, AZ 85334

$1,200,000

3 Beds

4 Baths

4,192 SqFt

Status Active

MLS # 6737737

Property Type Single Family Residence

Price Type --

Don't miss out on an exceptional opportunity to own a riverfront home in Arizona! This stunning home offers ample space for relaxation and comfort. Situated on the Colorado River, this property features breathtaking views from every angle. The fully finished basement provides additional living space perfect for entertaining or unwinding. Step outside to your own private putting green and incredible outside kitchen and bar perfect for gatherings with friends and family. The home comes fully furnished with high end finishes throughout. Located in an exclusive gated community, you'll have access to a private boat ramp and your own private dock. This home has an elevated boat garage and offers the ultimate in riverfront living. Come and live your best life on the river!

View Property

5455 E Lincoln Drive Unit 2019 Paradise Valley, AZ 85253

$1,200,000

-- Bed

1 Bath

1,005 SqFt

Status Active

MLS # 6757668

Property Type Apartment

Price Type --

Beautiful Views, Great location - perfect lock and leave property! Mountain Shadows Resort Condominiums invites you to experience an exclusive lifestyle. Situated below Camelback Mountain as a breathtaking backdrop, the community features 41 condominiums and lofts that seamlessly blend comfort and luxury. Enjoy a serene Paradise Valley setting and full privileges at Mountain Shadows resort. Pricing includes furnishings, fixtures and equipment. All furnished units are eligible to participate in the rental program for the Resort!

View Property

5521 E Gelding Drive Scottsdale, AZ 85254

$1,200,000

4 Beds

2 Baths

2,504 SqFt

Status Active

MLS # 6755231

Property Type Single Family Residence

Price Type --

Beautifully updated single story home located in the highly desirable 85254 zip code in the heart of Scottsdale. Perfectly situated on a premium oversized north/south facing lot, this meticulously maintained luxury residence offers bright, open living areas, custom finishes throughout, and complete privacy as it backs onto acre-plus properties. The formal living, dining and main living spaces feature stunning vaulted wood plank ceilings with beams, complimenting wide plank wood flooring, and an abundance of natural light. Spacious great room showcases a gorgeous stone fireplace, oversized windows, and a large french door leading to the patio allowing the perfect blend of indoor/outdoor living. The gourmet kitchen features custom cabinetry, rich granite countertops, a center island with a breakfast bar, porcelain subway tile backsplash, high-end stainless steel appliances and a separate pantry. The oversized primary suite is highlighted by crown molding, wood flooring, a cozy seating area, and direct access to the patio. The spa-like en suite bath includes decorative wall molding, a dual sink vanity with neutral granite countertops, a freestanding soaking tub, glass-enclosed shower, separate toilet room, and an expansive walk-in closet with custom built-in cabinets and shelves. Generously sized split secondary bedrooms provide the perfect layout for family and guests. Full secondary bath includes dual sinks, granite countertops and a subway style tiled shower. Fourth bedroom, currently used as an office, features a large sliding glass door with direct access to the patio. The resort-style backyard is an entertainer's paradise, featuring an oversized covered patio with UV blocking fade resistance roller shades, a pass-through window bar, large sparkling diving pool with extended decking, a spacious grassy area, artificial turf putting green, built-in fire pit, and an RV gate. Conveniently located in the heart of Scottsdale, this property is minutes away from several restaurants and shops, including Scottsdale Quarter and Kierland Commons, and easy access to multiple freeways.

View Property

28301 N 154th Street Scottsdale, AZ 85262

$1,200,000

4 Beds

3 Baths

2,818 SqFt

Status Active

MLS # 6758363

Property Type Single Family Residence

Price Type --

Welcome to your new custom home in Scottsdale. Sitting on a full acre, this 2,818 sq ft property has plenty of space for everyone with 4 bedrooms and 3 bathrooms. The large garage is perfect for multiple vehicles, storage, or even a workshop. Just over one acre for your horses, or room to add a pool, garden, or outdoor entertaining space. Located in a quiet neighborhood, this home is close to schools, shopping, and parks. Inside, the open floor plan offers a comfortable living area that connects to the kitchen, which features plenty of counter space and cabinets for all your needs. The master suite includes its own bathroom and walk-thru shower. The other bedrooms are spacious and can serve as extra bedrooms or an office.

View Property

7498 E Timberlane Court Scottsdale, AZ 85258

$1,200,000

3 Beds

2.5 Baths

2,575 SqFt

Status Active

MLS # 6750561

Property Type Single Family Residence

Price Type --

You'll LOVE this gorgeous 3 bed +DEN, 2.5 bath two-story home in the desirable Eastwood Community! Nestled on a quiet cul-de-sac, this beauty displays a 2-car garage, mature landscape w/shade trees, & a front patio w/Saltillo floors. Home exudes elegance with stylish light fixtures, abundant natural light, a neutral palette, and tasteful flooring - stone tile & Berber carpet in all the right places. The welcoming living room, with a fireplace & dramatic vaulted ceilings, perfectly flows onto the cozy dining area. Open-concept family room, featuring a wet bar w/wine cooler & sliding doors merging the inside/outside activities. The impressive kitchen boasts SS appliances, granite counters, subway tile backsplash, recessed lighting, white cabinetry, and a breakfast area w/bay window All bedrooms are upstairs! Large main bedroom has French doors that open to the attached balcony and an ensuite with dual sinks & two walk-in closets - one is spacious. An added perk is the bonus room, ideal for an office, TV area, or playroom. If entertaining is on your mind, the impressive back & side yards await you! With covered patios, a greenhouse, multiple seating areas, and a sparkling pool, this space promises year-round enjoyment. What's not to like? This gem won't disappoint!

View Property

7525 E Gainey Ranch Road Unit 188 Scottsdale, AZ 85258

$1,200,000

2 Beds

2 Baths

2,047 SqFt

Status Active

MLS # 6759996

Property Type Single Family Residence

Price Type --

Welcome to Gainey Ranch Greens! beautiful community of single family homes, choice lot with no home behind you, 2 bedrooms and den -SINGLE LEVEL home with vaulted ceilings & split floor plan, vaulted ceilings, 2 fireplaces, spacious kitchen with breakfast area opens to family room, charming backyard with BBQ, 2 side yards and lovely plantings, close to the community pool. Enjoy access to all of the best Gainey Ranch amenities including the incredible recently remodeled clubhouse, heated pool & spa, pickle ball courts, tennis courts, and state of the art fitness center! 24 hour guard gated entry - this is the perfect winter getaway or year-round home!

View Property

36648 N 27th Avenue Phoenix, AZ 85086

$1,200,000

4 Beds

3.5 Baths

3,667 SqFt

Status Active

MLS # 6722360

Property Type Single Family Residence

Price Type --

Indulge in luxury and serenity at this pristine, never-lived-in Desert Hills home, situated on 1.25 acres with breathtaking mountain views. Experience seamless indoor-outdoor living in an open-concept layout. The gourmet kitchen boasts commercial-grade appliances, dual islands, a breakfast nook, and formal dining space — an entertainer's dream! Enjoy no HOA, no interior steps, wood accents throughout, and walk-in closets in every bedroom. The primary bath features a Jacuzzi-style tub, complemented by practical amenities such as a 4-car garage with 220v, a spacious laundry room with built-in cabinets and sink, and a back patio pre-wired for a hot tub. Recent upgrades include a finished block wall and staircase to the walk deck, enhancing this ideal desert retreat.

View Property

11044 N 36th Street Phoenix, AZ 85028

$1,200,000

4 Beds

2 Baths

2,169 SqFt

Status Active

MLS # 6756829

Property Type Single Family Residence

Price Type --

Rare half acre lot in Phoenix! Amazing renovations recently done on this charming 4 bed/2 bath house on enormous lot! Press coffee, the newly renovated Paradise Valley Mall area, all the shops/dining at Tatum & Shea are only minutes away, and direct 51 freeway access is a 2 minute drive from your house. House opens up directly to large living, dining, and kitchen space, perfect for entertaining. Large backyard with mature landscape and plenty of room for entertaining or putting in a new pool. There is a separate office space in the in backyard as well as a large separate garage space with 952 sq/ft that could be turned into an income property, mother in law suite or workshop with separate entrance and private backyard space. Incredibly unique property in the heart of the city.

View Property

20826 S Hadrian Way Queen Creek, AZ 85142

$1,200,000

5 Beds

3 Baths

5,093 SqFt

Status Active

MLS # 6758470

Property Type Single Family Residence

Price Type --

A Rare Gem in the Heart of Queen Creek! Discover a one-of-a-kind basement home nestled on a spacious 0.41-acre lot in the highly sought-after area of Queen Creek. This beautifully designed home offers 5 bedrooms, 3 full bathrooms, a dedicated office, a huge game room, and a luxurious theatre room—perfect for entertaining or family fun. The main level boasts the master suite, an additional bedroom, and the office for those working from home. The gourmet kitchen is a chef's dream with granite countertops, stainless steel appliances, a cooktop, double ovens, and a built-in microwave. Step outside to your private entertainer's paradise, featuring a sparkling diving pool, built-in BBQ, and expansive patio space perfect for gatherings. An extended driveway with an RV gate and a concrete pad concrete pad behind the gate provide the perfect spot for storing a boat or other recreational toys. The 3-car garage and abundant storage complete this rare find. Don't miss this incredible opportunity to own a stunning home in the heart of Queen Creek!

View Property

4336 N Colt Road Apache Junction, AZ 85119

$1,200,000

3 Beds

3 Baths

2,310 SqFt

Status Active

MLS # 6756760

Property Type Single Family Residence

Price Type --

Nestled on 1.25 acres of picturesque desert land this property is a hidden gem. Over 2300 sq.ft. consisting of 3 bedrooms, 3 baths and spacious office. The main attraction begins when you step outside...the oversize patio and pergola lead to an amazing outdoor living space. Complete with fireplace, dining and cooking area. The expansive 1700 sq.ft. air conditioned garage/workshop is a dream come true for the car enthusiast. Separate office, mezzanine and lift makes this the perfect man cave. The spacious kitchen is a chefs delight, featuring generous counter space and all appliances. The master suite is your personal retreat with private exit that opens to the outdoors...a perfect spot to escape, unwind, and enjoy the tranquility of your surroundings. The detached she shed is ideal for artist/crafter studio. This special property offers a blend of peacefulness and practicality. Don't miss previewing this exceptional home.

View Property

42086 N Coyote Road San Tan Valley, AZ 85140

$1,200,000

4 Beds

2 Baths

1,943 SqFt

Status Active

MLS # 6746957

Property Type Single Family Residence

Price Type --

Experience the charm of country living with this beautiful 1943 sqft, 4 bedroom, 2 bathroom home, set on over 4.5 irrigated acres! The custom kitchen has upgraded cabinetry, stunning quartz countertops, and stainless steel appliances with a generous sized island that is open to the family room featuring a cozy wood-burning stove. A spacious laundry room, separated by a stylish barn door is right off the kitchen and 2 car garage. Outside you will find a large front and back porch that overlook the beautiful green pasture. The property is perfect for horse enthusiasts with its 6 covered horse stalls and a stamped out arena space. There are also several citrus trees throughout the property including 4 apricot, 2 white peach, 2 yellow peach, 1 lime, and 12 lemon and orange trees. This unique home offers the best in country living while being less than 20 minutes to all of the shopping and restaurants you could need!

View Property

2204 N Maple Avenue Huachuca City, AZ 85616

$1,200,000

6 Beds

6 Baths

7,154 SqFt

Status Active

MLS # 6762067

Property Type Single Family Residence

Price Type --

Absolutely stunning property! Live in all or part of it and create an income property. Perfect for events. Manicured gardens surround the impressive two-story main house, which boasts over 5100 sq ft and a grand entryway. Generously appointed rooms, exude a sense of grandeur in this upscale estate. Equally remarkable is the guest house, over 3,000 sq ft of inviting space. Additionally, there's a versatile multi-use pavilion spanning nearly 1500 sq ft for a game room, home theater, event reception area, or even a second guest quarters—endless possibilities await! The property also features a pool house, greenhouse, and utility/gym room. Enjoy the expansive 1220 sq ft workshop/garage, along with a large, three-sided covered carport for vehicle/equip. storage & potential ample event parking.

View Property