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

8151 E June Street Mesa, AZ 85207

$1,199,000

4 Beds

4.5 Baths

3,177 SqFt

Status Active Under Contract

MLS # 6716525

Property Type Single Family Residence

Price Type --

Welcome to a stunning luxury home in the gated community of Monteluna. As you approach, a gated front courtyard sets a grand tone. Inside, the design boasts beautiful tile floors, striking light fixtures, and tall ceilings. The gourmet kitchen features quartz countertops, high-end stainless steel appliances, a built-in refrigerator, and a walk-in pantry. The great room opens up with an extended-length sliding glass door. You'll adore the cozy bonus room, complete with beamed ceilings, a custom brick accent wall, and shutters. The lavish primary suite offers a private entrance to the backyard, an ensuite with a dual sink vanity, a relaxing soaking tub, and a huge shower. All bedrooms come with private ensuite bathrooms, with bedroom 2 having an entrance to the front patio, perfect for an office or guest room. The backyard is a dream, featuring easy-care artificial grass, a heated pool with a Baja deck, and a travertine deck, making this home a true masterpiece. This residence is not just a home; it's a sophisticated blend of elegance and comfort, promising a lifestyle of unparalleled luxury.

View Property

3318 E Onyx Avenue Phoenix, AZ 85028

$1,199,000

4 Beds

3 Baths

3,017 SqFt

Status Active

MLS # 6709083

Property Type Single Family Residence

Price Type --

Discover luxury living in this meticulously crafted home nestled in the prestigious Al Beadle enclave of Paradise Gardens. NO HAO. Every detail exudes sophistication, from the Kitchen Aid stainless steel appliances and quartz countertops in the kitchen to the rare 12-foot wood flooring throughout. The master bedroom offers a custom shower, double sinks, and access to a private covered jacuzzi. With new windows, a 4-panel sliding glass door, and a spacious backyard with a covered patio, this home is perfect for entertaining. Experience the epitome of refined living in the Paradise Gardens community—truly unmatched in the area.

View Property

679 W Moon Valley Drive Phoenix, AZ 85023

$1,199,000

4 Beds

3.5 Baths

4,560 SqFt

Status Active

MLS # 6737329

Property Type Single Family Residence

Price Type --

First time on the market in 25 years! This single-level custom home offers over 4,500 sq ft with impressive living spaces and generous-sized bedrooms. There are plenty of spaces to entertain here! The formal living room has a cozy fireplace, while the great room is flooded with natural light and features a wall of custom built-ins. The authentic Irish Pub offers the perfect place to unwind with your friends and enjoy a pour of your favorite whiskey. Kitchen has plenty of cabinets, a gas cooktop, newer fridge & dishwasher. The primary suite is oversized, with views of the backyard and double walk-in closets. Outside, enjoy a covered patio, expanded pavers and huge grassy backyard overlooking the 18th Fairway at MV Country Club. Roof recoated 2020, tile redone 2021. Owned solar! No HOA!

View Property

30600 N Pima Road Unit 24 Scottsdale, AZ 85266

$1,199,000

4 Beds

3.5 Baths

3,494 SqFt

Status Active

MLS # 6759180

Property Type Single Family Residence

Price Type --

Looking for tremendous value? This home is the only active single level home with at least 4 bedrooms, a pool, on a minimum 15k lot in a gated community listed for under $1,375,000 in all of North Scottsdale's zip codes 85255, 85262 and 85266. This home has 4 bedrooms and a den/office on over an acre in the guard gated community of Sincuidados. As you step through the gated front courtyard, you'll immediately feel at peace. The open floor plan, featuring soaring ceilings and abundant natural light, invites you to explore the heart of the home a spacious kitchen and cozy family room, perfect for casual dining and relaxation. The kitchen boasts beautiful granite countertops, custom alder wood cabinetry, and a large peninsula, offering plenty of workspace for cooking and entertaining. A generous walk-in pantry adds even more storage. Outside, the magic continues. The serene backyard offers...views of Pinnacle Peak, and is designed for ultimate relaxation. The outdoor space features a pebble-tec heated pool with a waterfall and slide, a spa, a built-in BBQ, and a cozy fire pit perfect for relaxing or entertaining. This is your own private paradise. The thoughtful layout of this home balances spaces for gathering with loved ones while providing plenty of quiet corners for relaxation. The versatile office can be used as a den or movie room, complete with a wet bar, It is perfect for unwinding after a day's work or hosting guests in style. With warm finishes throughout, including flagstone floors and natural tones, every detail of this home has been set-up for comfortable living. Two of the bedrooms are private ensuite retreats, while the remaining two share a charming Jack-and-Jill bathroomperfect for family or visitors. Cozy up to one of the two gas fireplaces during cooler evenings and take in the warm, welcoming atmosphere that makes this home special. Situated in the highly sought-after Sincuidados community, this low-density development offers 600 acres of pristine Sonoran Desert with a 100-acre nature preserve, private hiking trails, and unbeatable views of Lone Mountain. Residents enjoy an active lifestyle with access to private streets perfect for jogging or biking, tennis and pickleball courts, and a clubhouse for social gatherings. This stunning home combines luxury, tranquility, and the beauty of desert living a perfect retreat, it can be your home.

View Property

21914 N 36th Way Phoenix, AZ 85050

$1,198,000

3 Beds

3.5 Baths

2,841 SqFt

Status Active

MLS # 6755849

Property Type Single Family Residence

Price Type --

BACK ON MARKET WITH LOTS OF UPDATES!! Step into the realm of luxury living with this exquisite architecturally designed single-story residence nestled in the prestigious Aviano at Desert Ridge community. With a pristine paver driveway circling around a Desert Willow tree is the gateway to your long flowing entry. Boasting 3 bedrooms, each adorned with its private ensuite bathroom, alongside a den, which can be easily converted to a 4th bedroom. This home exudes unparalleled sophistication from the moment you cross the threshold. The expansive foyer features a beautiful hand cut travertine center medallion continuing with the elegance of travertine floors throughout a majority of the home. Indulge your culinary aspirations with top-of-the-line Viking Pro appliances complemented with with top level granite counters, backsplashes, and Knotty Alder cabinetry. The kitchen and great room tie together in a sprawling open floor plan design. The primary suite features double walk-in closets, and a gorgeous expansive ensuite bathroom with granite counters. Prepare to be mesmerized by its impeccable condition and an array of upgrades that rival even the most esteemed model homes. Delight in the finer details with an added mini-split AC unit ensuring comfort year-round, a separate air purification system, soaring 12-foot ceilings, plantation shutters, custom paint, a separate glass-door office, three water systems, freshly painted exterior, and an abundance of additional features. This home is a testament to true luxury living. Outside, discover a resort-style oasis featuring a captivating pool, rejuvenating spa, and cascading waterfalls that offer an ambiance of tranquility. The outdoor fire pit and built-in BBQ is perfect for entertainment. This stunner also features a covered patio across the entire back of the home with electronic shades creating the perfect sunroom. Situated on a view lot with amazing sunsets, this home offers unobstructed views allowing you to bask in the natural beauty that surrounds you. A true sanctuary for the discerning homeowner. Beyond its opulent interior lies a prime location within walking distance of Desert Ridge Marketplace and an array of dining options, ensuring every convenience is at your fingertips. Don't miss the opportunity to make this exceptional property yours and experience the epitome of refined desert living. The Aviano Community has a magnificent 16,000sf Community Center, Massive Pool, Workout Facility, Tennis, Pickleball, and Basketball Courts. Everything you could ask for in Resort Style Living!!

View Property

1930 E Sagittarius Place Chandler, AZ 85249

$1,198,000

5 Beds

3.5 Baths

4,607 SqFt

Status Active

MLS # 6745659

Property Type Single Family Residence

Price Type --

This Home truly has it ALL!!! 5 bedrooms, 3.5 bathrooms and 4 car Garage. Family room with an additional loft & bonus room in addition to the bedrooms. Junior owner ensuite downstairs as well as 2nd level large Owner suite, double sinks, separate tub and shower with walk in closet. Kitchen features a stainless wolf 6 burner gas stove top with a commercial hood fan with warmer. Double wall ovens by GE Profile. TWO walk in pantries and formal and informal dining. Outside Oasis consists of a Heated Play Pool and Spa. Large, covered patio with misters and also misters for the pool during the hot summer months for a refreshing swim. Outback you will find a large cement slab for basketball or extra vehicle toys. Ever want to have chickens? There is an awesome coop that can stay if buye would like. Also, for the green thumb in the family there is a very large (covered) garden area with water. At the end of the garden area, you can relax and enjoy your garden with seating. Potting bench is also handy to have. There is an Apple tree with 3 types of Apples, peach tree, lemon tree and so very much more. Don't miss this one.

View Property

16912 E Desert Vista Trail Rio Verde, AZ 85263

New

$1,197,000

4 Beds

4.5 Baths

4,200 SqFt

Status Active

MLS # 6753799

Property Type Single Family Residence

Price Type --

The steel & glass double-door entrance leads to a gorgeous interior featuring a formal dining room with wood floors, wine closet with wrought iron & glass door, butlers pantry with wine refrigerator, great room with gas fireplace, & French doors leading to a covered patio. Archways throughout, recessed lighting, travertine floors, solid arched 8 ft. wood doors, 12 ft. ceilings, crown molding & 6 inch baseboards. The chef's kitchen is open to the great room, with double breakfast bars, fully equipped SS appliances, six burner Viking gas stove with pot filler, microwave, double ovens, GE Monagram side by side frig, granite countertops, plenty of cabinet space, a tile backsplash, huge walkin pantry, built-in desk, & large center island with sink and chandelier.

View Property

6802 N 22nd Place Phoenix, AZ 85016

$1,196,000

4 Beds

3 Baths

2,662 SqFt

Status Active

MLS # 6747574

Property Type Single Family Residence

Price Type --

This exquisitely renovated home in the sought-after Lincoln Estates offers luxury, serenity, and a true sense of home with no HOA. Nestled on a peaceful cul-de-sac, it boasts breathtaking Piestewa Peak views from the living room. Inside, enjoy 4 spacious bedrooms and 3 elegant bathrooms, with a great room that features a fireplace and wet bar—perfect for entertaining. The master suite offers a private exit to the backyard and a spa-like en suite. Renovated with care, the home includes newer kitchen cabinets, dual-pane windows, and owned solar. The nearly quarter-acre backyard features artificial turf and a resurfaced pool. Minutes from the 51 freeway, downtown Phoenix, Biltmore Mall, and Old Town Scottsdale.

View Property

1140 E Peach Tree Drive Chandler, AZ 85249

$1,195,824

4 Beds

4.5 Baths

3,177 SqFt

Status Active

MLS # 6738252

Property Type Single Family Residence

Price Type --

Chandler New Construction!! Estimate Close on This Home is Dec. Woodlook Tile Floors Quartz Counters See Photos, Brick Backsplash, up to 12' Ceiling, Lovely Bathroom Counters and Framed Mirrors, Bathrooms in All Bedrooms, White Exterior with Brick Accents...Fabulous Area with 100 Homes to be Built. A Large Focal Point is 'Central Park' as you Drive into the Community Park has the Large Events Lawn, Pickleball Courts, Basketball, Tot Play Area, Fire Pit and Barn Like Remada. 3 Acres of Resort Like Ammenities! Home is at the North End of the Community with Green Belt Behind and Single Levels to Both Sides. Near both 202 Loop and I10 making access to San Tan Marketplace and Chandler Mall a Breeze. Close to Chandler Medical Center,work and Restaurants

View Property

12295 N Lopez Wells Lane Marana, AZ 85658

$1,195,000

3 Beds

2 Baths

2,614 SqFt

Status Active

MLS # 6753591

Property Type Single Family Residence

Price Type --

Rarely available, this luxurious Bisbee Floorplan by Insight Homes is fully complete and ready for delivery! Special appointments include a full side extension of 2 additional feet adding space to the guest bedrooms and bath, a fully extended 3 car garage, GE Monogram Appliance package with a 48'' refrigerator, Expanded back yard with plenty of room for a pool and much more.

View Property

1119 Irwin Way Prescott, AZ 86301

$1,195,000

3 Beds

3 Baths

2,417 SqFt

Status Active

MLS # 6672156

Property Type Single Family Residence

Price Type --

Welcome to your dream modern farmhouse residence in the enchanting new Solstice Ridge II neighborhood at Prescott Lakes. This exclusive, gated community boasts a private golf course, a recreation center, pickle ball courts, indoor pool & outdoor pool with a world-class fitness center. The stunning new home spans 2,417 sq. ft. & comprises 3 beds with a den/office, accompanied by a spacious 3-car garage. Luxury permeates every inch of this home, showcasing an open floor plan, a gourmet kitchen , stainless steel Bosch appliances, & a generously sized primary suite with, a walk-in closet & his/her vanities. Stay warm by the cozy fireplace & enjoy the ambiance provided by Pella windows. Step into the private backyard, occupying a 1/4-acre lot, and relish the outdoor space with a amazing views.

View Property

2180 S Snowy Ridge Loop -- Show Low, AZ 85901

$1,195,000

4 Beds

5 Baths

3,060 SqFt

Status Active

MLS # 6732362

Property Type Single Family Residence

Price Type --

Public Remarks

View Property