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

422 E Mead Drive Chandler, AZ 85249

New

$1,150,000

4 Beds

3.5 Baths

5,199 SqFt

Status Active

MLS # 6763315

Property Type Single Family Residence

Price Type --

Welcome to your dream home in one of the greatest Chandler neighborhoods. Completely remodeled from top to bottom this turn key home is a sophisticated and modern retreat that reflects that magical merging of inspiration and design. This home is a masterpiece of craftsmanship featuring a great entertaining dream, large open floor plan, high ceilings, contemporary statement fireplace, stainless steel appliances, oversized quartz island. Kitchen is a dream come true! Master bedroom is the ultimate retreat complete with a generous size room a sleek ensuite bath with a modern tub, premium finishes and fixtures. Plenty of natural light flows throughout the home's open, airy layout. .Enjoy gatherings in the entertainer's resort style backyard. OFFICE CAN BE A 5th bedroom! BEST DEAL IN TOWN!

View Property

15025 N Forever View Lane Prescott, AZ 86305

$1,150,000

2 Beds

3 Baths

2,049 SqFt

Status Active

MLS # 6755658

Property Type Single Family Residence

Price Type --

Rare opportunity to own this stunning 2-bedroom plus den cottage with a large 3-car garage, located near the cart path in Talking Rock. Nestled on a quiet cul-de-sac, this beautifully appointed home offers a spacious outdoor patio with a fire pit, built-in BBQ, and a peek of Granite Mountain. Surrounded by mature, professional landscaping, the open floor plan features vaulted beamed ceilings, hardwood floors, a slider in the dining room and master, and plantation shutters. The charming kitchen boasts granite counters, stainless steel KitchenAid appliances, and a 6-burner gas stove. Move-in ready! Talking Rock is a gated private community for members only. Amenities include: award winning Jay Morrish designed Golf Course, The Ranch House restaurant and bar, Coop's Coffee House. fitness center, bocce, pickle ball courts, tennis court, pool and dog park

View Property

140 E Rio Salado Parkway Unit 203 Tempe, AZ 85281

New

$1,150,000

2 Beds

3 Baths

2,317 SqFt

Status Active

MLS # 6763032

Property Type Apartment

Price Type --

Welcome to your next piece of Arizona's paradise at Bridgeview Hayden Ferry Lakeside. This residence offers a perfect blend of luxury and practicality with its split floor plan, featuring two main ensuite bedrooms, an open layout with a gas fireplace, additional office space, and glass and steel triple-pane windows. The inclusion of four parking spaces is a rare convenience for residents. The high-end finishes and sweeping views of Tempe Town Lake and the Arizona skyline provide an upscale living experience. Moreover, the 24-hour security and concierge services offer peace of mind, complementing the condo's prime location near essential urban and transport centers, making it an ideal choice for those who value comfort and accessibility in a sophisticated urban setting. Bridgeview boasts an array of luxurious amenities, including round-the-clock concierge service, secure underground parking, a climate-controlled garage with FOUR assigned spaces, and diverse entertainment options such as a movie theater and billiard room. The fitness center has been upgraded with a sauna and steam rooms, complemented by a club room, a 50-foot heated swimming pool, spa, and an outdoor culinary area featuring five gas BBQ grills and a pizza oven. With the addition of the new streetcar, downtown Tempe is just a convenient ride away. This condominium is an exceptional find for those seeking opulent urban living and should not be overlooked by anyone aspiring to own a unique and coveted residence.

View Property

36445 N Stardust Lane Carefree, AZ 85377

$1,150,000

3 Beds

2 Baths

2,945 SqFt

Status Active

MLS # 6737891

Property Type Single Family Residence

Price Type --

With elegant, REMODELED charm, nestled on a 1.26-acre lot, this exquisite 2,945 SF CUSTOM home in Carefree's Velvet Shadows offers unparalleled privacy and old-world sophistication with a contemporary flair. The property is privately set back from the road, ensuring tranquility and seclusion. Upon entering you'll be captivated by the vaulted ceilings, a two-way fireplace & stunning porcelain 18''x36'' flooring that creates a welcoming and spacious experience. The family room opens to an expansive private covered patio, finished w/reverse Saltillo tile overlooking a sparkling pool with breathtaking views. This home is designed for easy living w/ light, brightness & natural beauty. The superior wool bedroom carpet reflects both sophistication & cozy warmth. The completely ...CLICK..''MORE'' The completely reinvented kitchen is a Chef's delight, featuring sleek quartz countertops, exclusive stainless steel appliances, extraordinary Custom-hewn Cabinets with abundant space. See UPGRADES & UPDATES COMPREHENSIVE LIST! The split floor plan strategically offers a large Owner's Suite with doors to a fully covered balcony-patio with pool & views, leading to a larger house-length private patio perfect for reading, sunbathing, dinners with friends or adding a hot tub. Vibrant Pinnacle Peak Mountain views with stunning sunrises are savored from these back patios, pool and family room. While the iconic Black Mountain and its incredible sunset views, are relished from the front, making this home a true Carefree Arizona paradise. Distinguishing this home is its huge Bonus Room with its cavernous walk-in closet and storage. The Bonus Room wing singularly provides the perfect space for a media room; exercise and hobbies. Noteworthy tech capacities provide separate lines for high-speed internet in the office, supporting home-based businesses and movie streaming. This energy-efficient, REMODELED treasure also includes a gorgeous laundry room appointed with top cabinetry, sink and folding space, an oversized 2-car garage with storage, and hidden pockets of private nature-viewing areas, enfolded into this nurturing, verdant, abundant land. Mature trees, floral shrubs and native cacti complete your Custom Arizona Hideaway, offering you and your guests years of enchantment, amidst fabulous views, sunsets and stargazing, in unmatched privacy. One visit, and you will fall in love, harnessing this opportunity to make Stardust Hideaway your Arizona Dream Oasis! Call now!

View Property

17105 E Malta Drive Fountain Hills, AZ 85268

New

$1,150,000

4 Beds

3.5 Baths

2,874 SqFt

Status Active

MLS # 6762448

Property Type Single Family Residence

Price Type --

SINGLE LEVEL, OPEN, SPLIT FLOOR PLAN. Kitchen opens to the Great Room with DOUBLE ISLANDS, SOFT CLOSE CABINETS (most w/ roll out shelves throughout the home). Majority travertine and wood-look-tile flooring. 4th BEDROOM & ENSUITE can be used as CASITA or OFFICE with a separate outside entrance to the FRONT COURTYARD. Front Bonus Room can be used as DR, LR, GAME ROOM, or the space of your choice! Energy Efficient home and (HEAT PUMP) HEATED POOL with INFINITY EDGE. Back Patio WATER FEATURE with LED CUSTOM LIGHTING. SPARKLING STAINLESS STEEL FRIGIDAIRE appliances. Sale includes kitchen and garage refrigerators, washer/dryer, and SURROUND SOUND EQUIPMENT. PRIVATE LOT w/ peek-a-boo Fountain Hills FOUNTAIN & MOUNTAIN VIEWS. NEUTRAL, 10' CEILINGS, well maintained, clean and OPEN Tuscan Large walk-in Primary Closet has Madera cabinetry organizer which includes pull out drawers for maximum storage. 3-car garage has epoxy coated floor and updated storage cabinets in addition to separate storage/utility room. Home exterior was freshly painted this year. This is a must see! Easy to show.

View Property

1236 E Mclellan Boulevard Phoenix, AZ 85014

$1,150,000

3 Beds

3 Baths

2,803 SqFt

Status Active

MLS # 6738763

Property Type Single Family Residence

Price Type --

BEAUTIFULLY REMODELED! Nestled on one of the biggest lots on the street, this gorgeous residence tastefully blends classic charm and modern amenities. Attention to detail is evident with recent upgrades, including NEW elegant light fixtures, wood-look tile flooring, recessed lighting, fresh neutral paint, & ceiling fans. Featuring a spacious great room and a large family room w/ custom French doors to the back, The renewed gourmet kitchen offers high-end appliances w/wine fridge, two-tone shaker cabinetry, quartz counters, designer tile backsplash, and a huge waterfall island w/breakfast bar. Plus a spacious casita in the backyard! Every aspect of this property has been fully upgraded, truly one of a kind. For added convenience, this gem comes with an attached 1-car garage and RV gate & parking. If entertaining is on your mind, the backyard awaits! With multiple seating areas & a private pool, this space promises year-round enjoyment. Excellent location close to schools, shopping, dining options, and freeways. Don't miss this opportunity!

View Property

3191 E Marlette Avenue Phoenix, AZ 85016

$1,150,000

3 Beds

2 Baths

1,948 SqFt

Status Active

MLS # 6757221

Property Type Single Family Residence

Price Type --

Nestled in the highly sought after Biltmore Greens community, this Mediterranean style home offers stunning views of Piestewa Peak. The spacious, bright living room welcomes you with maple hardwood floors and a soaring ceiling with a cozy fireplace to complete the inviting ambiance. The recently remodeled kitchen features Miele and Bosch appliances, cherry butcher block counters by Boos, and warm painted cabinets and backsplash. The primary suite overlooks the serene backyard. It boasts dual vanities, a walk-in closet and large shower. The secondary bedrooms offer flexible space and beautiful views. Step outside to a private, newly landscaped yard, pristine pool, heated spa, views of Camelback, and endless sunset, star-filled nights.

View Property

6712 E Voltaire Avenue Scottsdale, AZ 85254

New

$1,150,000

5 Beds

2.5 Baths

2,701 SqFt

Status Active

MLS # 6761124

Property Type Single Family Residence

Price Type --

Stunning 5 bedroom/3 bathroom home with a 2 car garage on a generous size lot. Owner took meticulous care of this property and it's ready for a new owner. Anyone who likes to cook will fall in love with the gourmet, updated kitchen which has an oversized island for great entertainment and workspace. The separate den/living dining areas create multiple spaces for entertaining and living. The yard has plenty of space to play, a removable fenced pool, and covered patio. There's also a bonus large shed and swing-set for hours of fun.

View Property

12134 E Mercer Lane Scottsdale, AZ 85259

$1,150,000

4 Beds

2.5 Baths

3,050 SqFt

Status Active

MLS # 6761051

Property Type Single Family Residence

Price Type --

In the highly sought after Desert Hills of Scottsdale, you will find the perfect house! This one has it all!!! The 4 bedrooms with a huge primary, with sitting area a large bath and an enormous walk in closet! All of the secondary bedroom are large in size with great closet space! Enjoy the spacious kitchen with all of the stainless appliances as well as a private sparkling pool. The privacy is excellent due to the NAOS behind the pool. Add in the extra large 3 car garage with lots of cabinets and storage space. This house has it all! Great schools and close to all of the shopping and restaurants.

View Property

7617 E Presidio Street Mesa, AZ 85207

New

$1,150,000

5 Beds

3 Baths

2,983 SqFt

Status Active

MLS # 6763833

Property Type Single Family Residence

Price Type --

Experience peaceful AZ living in this updated custom home situated on an acre+ lot in the gated community of Sossaman Heights. The stunning open plan offers a beautiful kitchen & dining area that flow into the great room ideally designed for daily living & entertaining. The primary suite boasts refined finishes & a spa-inspired bath with a zero-grade entry shower & large closet. The beautifully designed backyard offers a private park with walking paths, entertaining ramada, expansive patios, built-in BBQ, firepit & hot tub. Additional features include an extended length 3-car garage, RV gate, stunning view deck & tons of storage throughout. With ample space to add an RV garage, casita, and/or pool the possibilities are endless!

View Property

29618 N 144th Way Scottsdale, AZ 85262

$1,150,000

6 Beds

5 Baths

4,200 SqFt

Status Active

MLS # 6719081

Property Type Single Family Residence

Price Type --

Nestled on a sprawling 1-acre parcel, this residence epitomizes the essence of luxurious living, offering a lifestyle perfectly suited for multi-generational households, entertainers, homesteaders, and those yearning for beautiful views. Meticulously crafted, this custom home boasts a 4-car garage complete with a generously proportioned dream workshop. Stepping inside the one-story main residence, you're greeted by an open-concept home that is friendly and inviting. The kitchen features SS appliances, granite countertops, custom cabinetry, and an expansive walk-in pantry with an adjacent formal dining room. A bonus living room/playroom with a beautiful barn door allows for a separate gathering area. The grand master bedroom has a seating area, spa tub, and large walk-in... closet. It is privately located on one side of the home while the other three bedrooms are on the opposite side. Seamlessly integrated into this residence is an attached guest house... mother-in-law quarters/casita, offering a private retreat with its separate entrance, full kitchen with granite countertops, custom cabinetry, and a bedroom, bath, and living area. Additionally, you will discover a 280 sq ft studio apartment/office, with an expansive balcony, perched above the extended garage that can be used as a potential rented space for an additional income stream. Beyond the interiors, the allure of outdoor living beckons, with two fireplaces. The front yard offers panoramic vistas of the majestic Four Peaks to view Arizona's breathtaking sunrises. In the back, you'll also enjoy a fully fenced oversized yard, sprawling back patio overlooking a resplendent turf lawn and pebble tec pool. For the aspiring gardener, there are raised beds, fenced to keep the critters out, and a fully sheet-rocked, air-conditioned shed to serve as a home office or place of retreat. Conveniently located mere minutes from some of Arizona's most coveted hiking, biking, and riding trails, this residence offers unparalleled access to nature's wonders, ensuring a lifestyle of boundless exploration and adventure. And finally, no HOA and a shared well mean no water issues! Welcome to your slice of paradise.

View Property

20636 E Ocotillo Road Queen Creek, AZ 85142

$1,150,000

2 Beds

1 Bath

1,057 SqFt

Status Active Under Contract

MLS # 5580021

Property Type Single Family Residence

Price Type --

INVESTORS, LOCATION, LOCATION, LOCATION. THIS IS A MUST SEE!!! Located in the Heart of Queen Creek on a CORNER LOT. This property is currently zoned residential, but can be turned into commercial. BRING YOUR VISION, THE SKY IS THE LIMIT.

View Property