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

1163 E Knight Lane Tempe, AZ 85284

$950,000

4 Beds

3 Baths

3,200 SqFt

Status Active

MLS # 6755537

Property Type Single Family Residence

Price Type --

Don't miss a rare opportunity to live in this highly sought-after south Tempe neighborhood! This beautiful custom home is nestled in the heart of south Tempe and has all of the charm that is characteristic of the area, complete with 4 spacious bedrooms and a convenient split master bedroom layout. Both master bedrooms have en suite bathrooms and the 4th bedroom is large enough to be a third master bedroom as well. You will enjoy relaxing in your backyard oasis, which boasts a large covered patio, sparkling pool, built-in fireplace, mister system and synthetic turf. The side yard has room for your RV and even has a dedicated RV electrical outlet. Other features include: no HOA, central vacuum, new hot water heater, walk-in pantry, no neighbor in back, fireplace in master and living room, and so much more!

View Property

2120 N Mooney Lane Camp Verde, AZ 86322

$950,000

3 Beds

2 Baths

1,908 SqFt

Status Active

MLS # 6746588

Property Type Single Family Residence

Price Type --

Experience the ultimate in aviation living with this stunning 3-bedroom, 2-bath home, set on 3 picturesque acres. Boasting magnificent views, this property comes complete with a private, attached hangar—perfect for aviation enthusiasts. Nestled near the breathtaking landscapes of Cliff Castle and Sedona, this is a rare opportunity to enjoy a vibrant aviation community alongside the beauty of Arizona's most iconic scenery. Fly in, relax, and make this soaring retreat your own!

View Property

10586 E Morning Star Drive Scottsdale, AZ 85255

$950,000

3 Beds

2 Baths

1,577 SqFt

Status Active

MLS # 6747154

Property Type Single Family Residence

Price Type --

Beautifully updated and meticulously maintained single-level home in the highly sought-after community of McDowell Mountain Ranch. This property offers a backyard oasis featuring a sparkling pool with swim-up table and bench seating, stacked stone water feature, and views of the McDowell Mountains. Premium corner lot backs to a desert wash with only one adjacent neighbor, offering privacy and tranquility. Inside you'll find 10' ceilings, plantation shutters, wide baseboards and crown molding throughout, creating an inviting atmosphere. Wood floors grace the main living areas while plush carpet provides comfort in the bedrooms. The light and bright interior with neutral finishes allows for immediate enjoyment and personalization over time. The kitchen boasts stainless steel appliances, ...maple cabinetry, a pantry, and breakfast area. The adjoining great room provides ample space for entertaining, abundant natural light, and captivating views of the pool and low-maintenance desert landscape. A double door entry leads to the spacious primary suite with ensuite bath and walk-in closet. Additionally, you'll find two secondary bedrooms (or office) along with a full guest bath. The 2-car garage features epoxy floors, built-in storage, and a workbench. Newer Trane HVAC system, water heater, full roof underlayment, windows and sliding door, pool remodel, and freshly painted exterior. Smart home technology enhances convenience and efficiency. This property is ideally located just one block from the amazing community center with sport courts, a heated lap pool, kiddie pool, spa, splash pad, playground, and host to numerous events. Residents also enjoy lighted walking and biking paths throughout the community. Close to shopping, restaurants, top-rated schools, McDowell Sonoran Preserve's Gateway Trailhead, Westworld, TPC Scottsdale, McDowell Mountain Golf Club, 101 freeway, and more. Don't miss the opportunity to make this extraordinary property your new home!

View Property

14223 W Olive Avenue Waddell, AZ 85355

$950,000

4 Beds

3 Baths

2,366 SqFt

Status Active

MLS # 6745920

Property Type Single Family Residence

Price Type --

MUST SEE sprawling ranch style compound on irrigated 2.14 Acre Horse Property w/ 2 Upgraded Homes, a 912 sqft Stable & Much More! This is a rare property that offers a 2,366 sqft 4 Bed 3 Bath main home & separate 960 sqft 3 Bed 2 Bath fully renovated guest house or second home. Includes upgrades from flooring, plumbing & electrical to even a new roof on the main home in 2020. Upgraded sleek wood look tile flooring throughout all common areas, bedrooms & upgraded tile in the bathrooms of both homes. Each home has a separate yard & horse pasture with room to park your boat, RV, toys & space left over. The property also has its own well & well house serving both homes & an irrigation canal serving the entire property. A septic tank for each home.

View Property

1 Easy Street Unit 5 Carefree, AZ 85377

$950,000

3 Beds

3.5 Baths

2,283 SqFt

Status Active Under Contract

MLS # 6685767

Property Type Townhouse

Price Type --

Introducing The View Carefree, a magnificent luxury townhome development in the heart of Carefree, Arizona. Don't miss the final phase! Experience the pinnacle of elegance and sophistication in this 3 bedroom, 3.5 bath townhome with estimated delivery in Q2 2024. From the moment you step inside, you'll be captivated by the open concept design, gourmet kitchen, opulent master suite and elevator for easy access between levels. Relax and unwind on the large covered patios or indulge in the breathtaking views from your private view decks on the second level. Immerse yourself in the beauty of the desert sky as you explore nearby trails or immerse yourself in the western charm of Carefree and Cave Creek's unique shops, galleries and dining experience. Live a life of luxury at The View Carefree!

View Property

6784 E Evans Drive Scottsdale, AZ 85254

$950,000

4 Beds

2 Baths

2,013 SqFt

Status Active

MLS # 6759660

Property Type Single Family Residence

Price Type --

Beautifully updated Single Family Home in Kierland, Single level, 4 bedrooms, 2 bath, 3 car garage, Private pool. Home offers all the features and benefits you expect. Backyard offers private fenced pool, Covered patio, artificial grass, easy maintenance.

View Property

425 E Waltann Lane Phoenix, AZ 85022

$950,000

4 Beds

2 Baths

2,940 SqFt

Status Active

MLS # 6755010

Property Type Single Family Residence

Price Type --

This stunning remodeled home offers everything you could want on a 1/3-acre cul-de-sac lot in Moon Valley! The remodeled kitchen, featuring a huge island, quartz counters and induction cooktop is perfect for entertaining. An open floorplan offers vaulted ceilings, separate family and living rooms, and formal dining. The large primary suite includes a sitting area plus an attached den. Enjoy double walk-in closets and a remodeled bathroom with separate tub and shower. The extended-height 3-car garage and RV parking (with hookups) provide ample space for your vehicles and toys. Recent upgrades include a new roof (2024), 2 new AC units (2024), and a pool with a new pump and filter (2023). Tons of storage! Leased solar panels add efficiency to this well-maintained home for just $113/month!

View Property

23808 S Bronze Drive Sun Lakes, AZ 85248

New

$950,000

3 Beds

3 Baths

2,508 SqFt

Status Active

MLS # 6762222

Property Type Single Family Residence

Price Type --

Very rare listing on Diamond Lake in the amazing active adult community of Oakwood at Sun Lakes. Spectacular lake views in this 3BR, 3BA Sienna model with a casita. The quaint pavered courtyard is perfect for morning coffee. Popular open concept floorplan features great room with coffered ceilings, entertainment wall, fireplace, and lots of lake facing windows. Large kitchen with cherry cabinets, granite counters, skylight, newer appliances, dining area, and expansive breakfast bar. Master suite with water views, walk-in shower and an enormous closet. Large bonus den/office for that ''fourth'' space. Guest room with walk-in closet. Casita in the courtyard has a full bath which makes a perfect guest retreat or craft room. New Ac's in 2022 and 2024. SEE MORE These Diamond Lakes homes don't come available very often so don't miss this one! Start enjoying Oakwood with its many amenities like golf, tennis, pickleball, pools, restaurants and many clubs.

View Property

29619 N 60th Street Cave Creek, AZ 85331

$950,000

3 Beds

2 Baths

1,828 SqFt

Status Active

MLS # 6756706

Property Type Single Family Residence

Price Type --

Back on the market due to buyer's failure to perform. Santa Fe Style, 3 bedroom, 2 bath home. This horse property sits on a 49,484 square foot lot. Do you have horses? We have horse stalls, corrals, and runs. This home has been updated with new flooring, new HVAC(S), and a new roof. We also have city water which means you wont be sad because of a dry well or empty cistern. The pool has been replastered, new sand filter, and pool motor. Easy access to trails, Reach 11, schools, and shopping. This home sits on unincorporated land with no HOA so you have the freedom to do what you want with the land if horses are not your thing. Plenty of room for a multi generational life style or bed and breakfast/Airbnb.

View Property

2709 E Clarendon Avenue Phoenix, AZ 85016

$950,000

4 Beds

3 Baths

2,294 SqFt

Status Active

MLS # 6759199

Property Type Single Family Residence

Price Type --

Enormous lot with tons of potential! This beautiful renovated home sits on a HUGE lot with NO alley behind the property. RV Parking, 3 car garage with epoxy garage floors, 4 bedrooms, 3 bathrooms. The gorgeous kitchen includes quartz counters, custom tile backsplash, kitchen island, walk-in pantry and perfect for entertaining. The front yard is breathtaking in its low maintenance design, custom lighting, security system and ample driveway. Many options for investors or owner occupying buyers!

View Property

25810 N Abajo Drive Rio Verde, AZ 85263

$950,000

3 Beds

2 Baths

2,323 SqFt

Status Active

MLS # 6761160

Property Type Single Family Residence

Price Type --

This is a TOTAL REMODEL! OFFERED TURNKEY WITH ALL FURNITURE AND ACCESSORIES. Very contemporary inside with open floor plan. A true chef's kitchen with granite island, granite counter tops, SubZero refrigerator, Cove dishwasher from Wolf, Wolf electric cooktop, Breville microwave. White Oak hardwood flooring, 75'' wall mounted Smart TV, custom pantry. Ceiling fans rf controlled with LED lights. All furniture is new from Woodbridge and Copenhagen in Scottsdae. This home has a new 9.6 kw solar system from Tesla. A mini split AC and heating system is new in the garage as well as a Tesla EV level II home charger for the Tesla Model 3, included RREE with a Full Price offer, New garage flooring from Guardian. in the FULL 3 CAR Garage. The list of improvements is in the Documents Tab.

View Property

10647 E Vista Del Cielo -- Gold Canyon, AZ 85118

$950,000

3 Beds

2.5 Baths

2,003 SqFt

Status Active

MLS # 6752988

Property Type Single Family Residence

Price Type --

Embrace luxury living in this fully furnished, custom Gold Canyon home with NO HOA and unrivaled 360° views. Nestled on 1.25 acres of land, discover captivating city vistas to the south and the majestic Superstition Mountains to the north. Your oasis includes a regulation pickleball court, new swim spa, and a large roof terrace. Expand your living area to the outdoors with the oversized, covered patio and outside, secluded shower. Inside, the great room's warmth is accentuated by real wood beams and an abundance of natural light. The well designed split floor plan allows privacy and comfort with 3 bedrooms, each boasting mountain views. The comfortable Jack & Jill bathroom provides privacy for guests. The 3rd car garage can serve as a workshop, complete with heat and AC.

View Property