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

14219 N 69th Drive Peoria, AZ 85381

$999,900

5 Beds

3 Baths

3,808 SqFt

Status Active

MLS # 6677609

Property Type Single Family Residence

Price Type --

Grab this rare gem before it's gone. 1.1 acre with flood irrigation, horse privileges, and no HOA. Tucked away in the quiet established community of Longhorn Ranch. Ample space for all of your toys with 6 car garage, gated RV parking and large circular drive. Beautiful custom front door adorns an open and spacious single story, 3,808 SF, 5 bedroom 3 bath home. An abundance of natural light, plantation shutters, solid maple hardwood floors and granite throughout. Huge backyard with diving pool. basketball/sport court, mature citrus trees and extended covered patio. Perfect for entertaining. Plenty of shopping, restaurants and freeways are just minutes away from this beautiful Peoria home. The sizeable primary bedroom is complete with direct backyard access, a romantic fireplace, and a lavish ensuite bathroom with dual sinks, a jetted tub, a raindrop shower, his/hers closet. Fall in love with the enchanting backyard, an outdoor paradise featuring a covered patio, a basketball court, an expansive lawn, and a refreshing pool with a diving board for cooling down on hot summer days. Make this gem yours today..

View Property

357 W Haxtun Street San Tan Valley, AZ 85143

$999,900

5 Beds

4 Baths

3,200 SqFt

Status Active

MLS # 6708290

Property Type Single Family Residence

Price Type --

**Priced below appraisal value** Located within the peaceful and serene gated community of Whitewing at San Tan Magma. This property brings the perfect marriage between luxury and comfort. The exterior showcases a crisp clean modern Spanish exterior on just over an acre. Interior brings 5 Bedrooms and 4 Full Bathrooms; the main home is bright with expansive open concept. The Chef's kitchen has ample cabinetry, under cabinet lighting, granite countertops, large island for entertaining, custom lighting, high-end appliances & whole home water filtration system. The dining room and family room all flow seamlessly for family time or a gathering of friends. The Main Home also contains the large primary suite, with massive walk-in closet, soaking tub/separate shower and designer finishes. Additionally, 3 spacious secondary bedrooms and two full bathrooms round out this phenomenal floor plan. The home also has custom shutters throughout and a owned water softer system. One of the true GEMS of this property is the 1 Bedroom 1 Full Bathroom Guest House Attached to the main house. This home within a home has a kitchen with cooktop, full size fridge and more. Living room with sperate entrance and driveway, and even its very own private courtyard. You can also enter the Guest house through the Main house if you choose. Only way to top of the perfect home, is with an entertainers dream backyard, and Haxtun St delivers. From the sparkling pebble tech pool, water slide, in-ground trampoline and turf, outdoor kitchen with bar and ample seating. All that and still have plenty of space for an additional RV garage if wanted, bring all your toys! And the views of the San Tan Mountains are truly a masterpiece. Sunrises and sunsets that look like paintings. This is a must see.

View Property

6499 E Night Glow Circle Scottsdale, AZ 85266

$999,900

2 Beds

2 Baths

1,974 SqFt

Status Active

MLS # 6723772

Property Type Single Family Residence

Price Type --

Beautiful home well maintained by original owners. Open and large floor plan with the right amount of gathering areas. Enjoy the front courtyard in the cooler months out front with mountain views. Enjoy the private Heated Pool and Spa all year round! Lovely covered patio with built in BBQ. Large eat in Kitchen open to Family Room with a gas fire place. Separate den/office. Terravita is a life style to enjoy! Private Golf Club Membership available, dining, pickle ball, tennis courts walking and biking paths through out neighborhood. This home is the beginning of a whole new life style.

View Property

8045 W Belmont Avenue Glendale, AZ 85303

$999,900

4 Beds

5 Baths

4,290 SqFt

Status Active Under Contract

MLS # 6735348

Property Type Single Family Residence

Price Type --

Welcome to this luxurious home in the coveted gated community of Topaz. This exquisite residence features 4 bedrooms, an office, and 4.5 bathrooms, all complemented by a stunning dream backyard. As you approach the home, you're greeted by a breathtaking entryway with a gorgeous iron front door. The great room impresses with its spacious layout, vaulted ceilings, and a cozy wood fireplace. Surround sound enhances the ambiance, while the center sliding glass doors open up to the enchanting backyard. The kitchen is a chef's delight, boasting granite countertops, stainless steel built-in appliances, a gas cooktop, an island, and a peninsula breakfast bar. A stylish wet bar area includes a beverage refrigerator and glass showcase cabinets. The primary suite is a serene retreat featuring trey ceilings and a charming fireplace. The luxurious ensuite bathroom offers a door to the backyard, a walk-in shower with three shower heads, a soaking tub, dual vanities, and a walk-in closet. Each of the additional bedrooms comes with its own ensuite bathroom and walk-in closet. The efficient laundry room is equipped with a sink, upper and lower cabinets, and space for an extra refrigerator. Outside, the meticulously designed backyard awaits. Unwind by the unique water fountain that cascades over a wood fireplace or gather around the serene firepit with a built-in bar. The outdoor dining area features a high-top bar, a built-in grill, and a wet bar, while a private putting green offers a touch of leisure. The expansive covered patio with tall ceilings is perfect for relaxation. The 4-car garage includes built-in cabinets and an RV gate. Additional features include a patio TV, central vacuum system, and water softener. Do not miss out on this stunning home.

View Property

1557 E Flower Street Gilbert, AZ 85298

Open House

$999,900

4 Beds

3.5 Baths

2,975 SqFt

Status Active

MLS # 6742440

Property Type Single Family Residence

Price Type --

PRICED TO SELL! Explore this stunning 2021-built gem in Hamstra Dairy, boasting 4 bedrooms, 3.5 baths, and a 3-car garage with a paved driveway. Experience inviting features such as wood-look flooring, plantation shutters, and a bright great room. Chic kitchen is equipped with stainless steel appliances, wall ovens, Sonoma Painted Harbor cabinets, tile backsplash, quartz counters, a pantry, and a center island with a breakfast bar. Unwind in the spacious main bedroom featuring a sleek ensuite with dual sinks, a step-in shower, and a walk-in closet. It also includes a versatile den, ideal for an office, and a bonus room suitable for media. The large backyard offers a covered patio with ample pool or outdoor fun space. Enjoy community amenities. Don't miss out on this exquisite home!

View Property

17152 E Parlin Drive Fountain Hills, AZ 85268

$999,900

4 Beds

3 Baths

2,891 SqFt

Status Active

MLS # 6748367

Property Type Single Family Residence

Price Type --

This fantastic 4 bed, 3 bath + 3 car oversized garage w/built-in cabinets, and beautiful mountain views. This hillside gem boasts gorgeous curb appeal, Inside you'll find a spacious dining & living area w/vaulted ceilings, elegant light fixtures, and crisp palette throughout. Completely remodeled over $150K in updates a must see. Prepare delicious meals in the chef's kitchen, equipped w/ample cabinetry, a pantry, quartz counters, stylish backsplash, high-end appliances, a prep island, and a breakfast bar. The primary bedroom showcases a lovely bay window, walk-in closet, and a lavish ensuite w/dual sinks. Downstairs guest quarters also include their very own kitchen & living space! A huge balcony with amazing mountain views great for entertaining. This home is a dream come true!

View Property

4338 S Leoma Lane Chandler, AZ 85249

$999,900

5 Beds

3.5 Baths

4,461 SqFt

Status Active

MLS # 6754394

Property Type Single Family Residence

Price Type --

This Chandler gem is an absolute standout! Nestled on over a quarter-acre in the highly sought-after Symphony II gated community, this home boasts a resort-style backyard that's perfect for entertaining. Enjoy your saltwater private pool, relax by the water feature, or cook up a feast on the built-in BBQ. The expansive covered patio is ideal for hosting gatherings. Inside, the home features soaring vaulted ceilings and elegant wood shutters throughout, adding a touch of grandeur and sophistication. Fresh paint and updated flooring enhance the modern appeal, while the large gourmet kitchen with stainless steel appliances is a dream for any chef. The open and airy floor plan is designed with families and social gatherings in mind. Within walking distance of Chandler's A+ rated schools. The dining room of this Chandler home features a striking authentic barn wood wall, adding a rustic yet refined touch to the space. This unique design element enhances the room's charm and character, creating a warm and inviting atmosphere perfect for family dinners and entertaining guests.

View Property

22927 N 41st Street Phoenix, AZ 85050

$999,900

4 Beds

2.5 Baths

3,208 SqFt

Status Active

MLS # 6760156

Property Type Single Family Residence

Price Type --

Wow This Desert Ridge Beauty is dressed to impress. With over $160,000 in recent updates and a premium lot backing to a neighborhood desert common area this home Dazzles. 2 New Ac's, Newer carpet that owners don't let pets on, Custom Modern Owner suite remodel with stand alone tub and quartzite countertops, floor to ceiling tile enclosure and Plank Tile flooring throughout most of home, custom accent walls, and much more. Gorgeous elegant yard with Premium Limestone Pavers, Built in BBQ and seating bar with stone accents, Recently updated pool with new pebble tech, new lighting throughout, newer garage door .....This one is special, Hurry!!!

View Property

8444 E Bonita Drive Scottsdale, AZ 85250

$999,800

4 Beds

2 Baths

2,605 SqFt

Status Active

MLS # 6644605

Property Type Single Family Residence

Price Type --

Can't find like this in the area. Absolutely stunning and one of a kind fully renovated home from top to bottom. New kitchen, new bathrooms, new floor, baseboard, roof, stucco, doors and windows, new plumbing and wiring, new landscape and more to find. 3 bedroom 2 bath, 2 car garage with custom remodel job done to it like you can't find anywhere else. Over sized master bedroom and master closet with gigantic master bath with jet tub and double shower system.

View Property

15410 W Encantada Drive Surprise, AZ 85374

$999,800

3 Beds

3 Baths

2,779 SqFt

Status Active

MLS # 6694519

Property Type Single Family Residence

Price Type --

LUXURY GOLF COURSE LIVING AT ITS FINEST! STUNNING GOLF COURSE VIEWS & LAKE VIEWS! Welcome to this breathtakingly beautiful Mesquite floor plan, perfectly situated on a prime lot in the coveted Active Adult community of Sun City, ''The Grand''. This rare gem boasts: EXQUISITE CURB APPEAL GRAND ENTRY with impressive front stone facade and foyer LUSH LANDSCAPING framing the stunning golf course and lake views RESORT-STYLE BACKYARD OASIS HEATED POOL for year-round relaxation BBQ and FIREPIT for alfresco entertaining COVERED PATIOS perfect for taking in the views GOURMET KITCHEN UNIQUE LEATHERED STONE COUNTERTOPS and island seating DOUBLE OVENS and PULL-OUT SHELVING for effortless cooking EAT-IN NOOK with breathtaking golf and lake views OPEN CONCEPT LIVING

View Property

2602 N 66th Street Scottsdale, AZ 85257

$999,500

4 Beds

3 Baths

2,191 SqFt

Status Active Under Contract

MLS # 6741084

Property Type Single Family Residence

Price Type --

Rare opportunity to purchase this completely remodeled home with luxurious finishes inside and out and has leases in place through March 31, 2025. Home was completely remodeled in 2022 with licensed contractors. Enjoy breathtaking views of Camelback and Papago mountains from this spacious 4 bedroom home with 2 master suites. Convenient Scottsdale location minutes from Old Town Scottsdale, Arizona Country Club, ASU, Sky Harbor Airport and easy access to Hwy 202 & Hwy 101. Home does not have any HOA fees and can be used as a short-term rental.

View Property

4431 N 28th Street Phoenix, AZ 85016

$999,500

3 Beds

2 Baths

2,048 SqFt

Status Active

MLS # 6759840

Property Type Single Family Residence

Price Type --

No HOA! Biltmore financial district! Top rated private schools! Phoenix international airport 10 min drive! Completely updated with modern finishes! Newer HVAC! Entertainers backyard! Oasis front yard! Five minute walk to shopping and dining! The first thing you notice as you drive onto the property is the beautiful lush trees/shrubs and arbor pergolas which offers tons of shade and privacy. There's plenty of parking offered for guests or even an RV with the extended concrete driveway. You'll also notice the beautiful Koi pond with rock waterfall feature as you approach the front door. As you step inside the home, you will notice the open space concept, and wall to wall wood-like ceramic tile. As you step into the kitchen, you will find all new modern matching appliances Gray shaker cabinets, with clean, updated white quartz countertops. As you walked down the hall into the guest bathroom, you will see walk-in showers with updated finishes throughout. Then head to the primary bedroom with a 3/4 bath updated walk-in shower and dual sink. Spend some time in the backyard and experience the entertainer's vibe with private heated pool, built-in barbecue and beverage refrigerator as well as a travertine patio with tons of shade from mature trees. The owners also recently added artificial turf for low maintenance and a great look. Come take a look today before it's gone!

View Property