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

845 W Edgemont Avenue Phoenix, AZ 85007

$927,500

4 Beds

3 Baths

2,926 SqFt

Status Active

MLS # 6746372

Property Type Single Family Residence

Price Type --

This home is on the Golf course of Encanto a 18 hole golf course. This home was built with a formal living room, formal dining area, large family room with lots of picture windows to the golf course. Large oversized kitchen with informal dining again with picture windows to the course. Master is in the front of the house facing North, other bedrooms face West or South. Two car garage, large lot, has been a rental with non smoking. Home has renters present currently till August 2025 Please do not disturb

View Property

11880 N Cielo Grande -- Prescott, AZ 86305

$927,300

3 Beds

2 Baths

2,233 SqFt

Status Active

MLS # 6708511

Property Type Single Family Residence

Price Type --

Beautiful 2233 sq ft custom home on 4 ac. private and secluded with views of Granite Mountain, Prescott and surrounding areas. Live on one level in this 3 bed/2 bath open floor plan! Large front picture windows to enjoy spectacular views in open great room with wood burning fireplace. Spacious kitchen w/ oversize island, eat in area plus dining room, custom pantry/storage cabinet. Oversized master bedroom suite w/ separate back patio access. Enjoy the wood burning fireplace on your oversized back patio--great for entertaining! Plenty of room for horses, your RV, additional development and more.

View Property

420 N Benson Lane Chandler, AZ 85224

$926,000

4 Beds

3 Baths

3,342 SqFt

Status Active

MLS # 6719337

Property Type Single Family Residence

Price Type --

This elegant single level house over 3300 sqft, nest in a gated community, primary location in center of Chandler, mins to highway 101, 202, nearby huge shopping and dining area. It offers four bedroom, and newly upgraded to three full bathroom. Tile and laminate floor to make the house easy to clean, wood shuttle windows through out the house. Spacious kitchen has stainless steel appliances: double oven, refrigerator, dishwasher, and upgraded vent hood. Master bedroom offers huge bathroom, both shower and tub, tons of storages. Large two covered patio in the backyard to enjoy oasis garden, fruit trees, grass view.....

View Property

26634 S 169th Place Queen Creek, AZ 85142

Open House

$925,000

4 Beds

3 Baths

2,766 SqFt

Status Active

MLS # 6723689

Property Type Single Family Residence

Price Type --

STOP by our PREEMINENT QC location! FENCED YARD w/ FRONT YARD LANDSCAPING - NO HOA. Stunning Farmhouse home including: Gourmet Kitchen featuring: WATERFALL QUARTZ Countertop edge on Island, High-end double stacked cabinets, WOLF appliances, & Wood Plank Tile Floors. Great room w/ Electric FIREPLACE Wall made with Basalt Tile. Stunning Master Bathroom: Freestanding Soaking Tub, BEACH Entry Glass Shower w/ Accent Wall & Beautiful Double Vanities. Exceptional Energy Efficient - boasting Spray Foam Insulation, Premium Trane 14 seer AC units & High-end Windows. Premium Roofing System, Premium Synthetic Stucco & more! ESTIMATED completion date on the home is Sept 2024.

View Property

27600 N 130th Avenue Peoria, AZ 85383

$925,000

2 Beds

2.5 Baths

2,610 SqFt

Status Active

MLS # 6732883

Property Type Single Family Residence

Price Type --

This SOLAR (Avg ELECTRIC BILL is $18/month - WOW!!) Aurora is IMPRESSIVE. The charming curb appeal is equipped with LUSH PALMS, PAVER WALKWAY & a DRAMATIC ARCHED GATE. Step inside and admire all the IMPRESSIVE upgrades & Custom Touches! Beautiful TILE FLOORING thru-out (no carpet!!). The Spacious Kitchen is a Show-Stopper w/ an atmosphere to inspire one to cook & entertain -2 ISLANDS, Built-in GAS Appliances, Roll-out shelving, Under Cabinet Lighting, Pendant Lighting & high-end RAISED-PANEL Maple Cabinetry. Located off the Kitchen is a PRIVATE COURTYARD enhanced w/ a PERGOLA! Owner's Suite is Oversized w/ a BAY WINDOW & has Access to the RESORT BACKYARD! The Spa-like Bath HAS BEEN REMODELED - custom Tile Shower & Tub Surround w/ Stone C-tops. Situated off the Owner's Suite You'll Find a BONUS ROOM that is flexible for all your needs!! Step outside to paradise and enjoy the spectacular resort backyard oasis! The HEATED POOL & PRIVATE SPA is the perfect setting to enjoy the EXPANSIVE DESERT & MOUNTAIN VIEWS!! The Spill-over WATER FEATURE from the spa is the perfect touch! A Lounge Area with Built-in BBQ is inviting and the perfect space to enjoy the Breathtaking Views. Additional upgrades: Guest Suite w/ Remodeled finishes, Den w/ Double Doors, Plantation Shutters, ceiling fans, soft water, RO, laundry sink, garage storage & epoxy floors, sun shade at the back patio and so much more! This HOME checks the boxes on the wish list - take a look yourself - your dream home awaits you!!

View Property

14055 N 14th Place Phoenix, AZ 85022

$925,000

4 Beds

3.5 Baths

2,423 SqFt

Status Active

MLS # 6710542

Property Type Single Family Residence

Price Type --

Nestled in the beautiful rolling hills of Lookout Mountain's Pointe Mountainside Golf Course, this stunning remodeled 4 bedroom/3.5 bath home embraces the finest, high-end upgrades, offering distinction and comfort at the same time. Situated on the 6th hole tee in a private gated community with hiking/jogging trails, the views of the golf course and surrounding mountains are breathtaking. Enjoy them from either your gorgeous covered, saltillo-tiled patio or upstairs balcony. The smallest details have not been overlooked, from the paver driveway and LED-lighted courtyard, custom courtyard gate and matching iron front door, custom shinnoki wood cabinetry with drawer pull-outs, waterfalled large Quartzite island, countertops and backsplash, unique stonework throughout, Italian 30'' Induction cooktop, dry bar with Kitchen Aid double pull-out refrigerator drawers and Marvel wine cooler, glass and iron stair railing with hidden storage areas beneath stairway, to the window shades with wireless remotes, and much more! Flooring includes Provenza real wood, engineered, 7 x 72 water-resistant Provenza laminate, and Italian and travertine tile. The downstairs bedroom can be used as an office and has its own entrance from the courtyard, and a private bath. With new roof (cement tiles with 35-year warranty peel and stick underlayment) and Milgard energy efficient windows, this home is truly move-in ready and would also make a great lock and leave property. Over $600K in upgrades! Additional SF can be added on to this home in the backyard! Garage has epoxy floor coating and lots of storage cabinetry. Community center with heated pool and spa can be reserved for your private events. Centrally located in the Valley, it is convenient to amazing restaurants, hiking, 51 Freeway, schools, and entertainment. Where else can you find a home with this meticulous attention to detail and such surrounding beauty at this price? Come and tour this fantastic home today!

View Property

4541 E Vista Drive Phoenix, AZ 85032

$925,000

4 Beds

2.5 Baths

2,612 SqFt

Status Active Under Contract

MLS # 6750124

Property Type Single Family Residence

Price Type --

EXCLUSIVE RARE FIND! Quiet prime location, great school district & close to shopping, restaurants & Highways. Come see our FABULOUS, BRAND NEW RENOVATION- Never Lived In since newly renovated -4 bedroom, 2.5 bath, private fenced diving pool w/ home! Luxury Vinyl plank flooring throughout, with Complete Kitchen Remodel with Beautiful Quartz Countertops.

View Property

4422 N 75th Street Unit 3001 Scottsdale, AZ 85251

$925,000

2 Beds

2 Baths

1,269 SqFt

Status Active

MLS # 6649781

Property Type Apartment

Price Type --

Stunning 3rd floor CORNER unit at the highly sought after ENVY Residences! This is a great PRIMARY residence or INVESTMENT property! It is the epitome of luxurious, modern living in the HEART of Old Town Scottsdale with countless restaurants and shops right at your front door. This beautiful 2bed / 2bath unit has floor to ceiling windows overlooking the city and mountains, automatic shades throughout, an expansive 224 sq. ft. private patio with a gas hook up for outdoor BBQ, gorgeous finishes, split floor plan, and 2 large underground parking spots. ENVY boasts state of the art amenities to include a 4000 sq ft Fitness Facility, Pool Area w/ Heated Infinity Pool/Spa and 200'' TV, glamorous Black Label Lounge, 24 hr concierge/security and so much more. This is a MUST SEE, and wont last lon

View Property

38 Avenida De Las Naciones -- Rio Rico, AZ 85648

$925,000

3 Beds

3 Baths

3,202 SqFt

Status Active

MLS # 6741845

Property Type Single Family Residence

Price Type --

if you are searching for your dream house look no further. This 7.56 acre custom built home consists of over 3200 sq ft,including 3 bedrooms snd 2.5 baths. The kitchen features a breakfast nook, dining area and granite counter tops which connect to the great room in a spacious open floor plan 12 ft ceilings in the great room and a wall of windows makes it more expansive.This stunning home also features an office, sitting room, as well as a serene inner court room. Breathtaking panoramic mountain views, waterfall pool, jacuzzi and fire pit makes this residence the epitome of luxury. In addition to this expansive layout a 3 car garage. This house comes with 2 workshops over 1500 sq ft of bonus space whatever your interests may be.

View Property

27440 N Alma School Parkway Unit 116 Scottsdale, AZ 85262

$925,000

3 Beds

3 Baths

2,917 SqFt

Status Active

MLS # 6751482

Property Type Townhouse

Price Type --

Full time Villa available in a perfect resort lifestyle residence club. Your villa comes impeccably furnished and finished with premium appliances by Wolf and Subzero, private pool, gas fireplaces, fully outfitted kitchen and state of the art electronics. The clubhouse staff includes full concierge service, gourmet chef, wine cellar, barman, and more to make each of your stays hassle free and exactly how you want it.

View Property

19134 E Cloud Road Queen Creek, AZ 85142

$925,000

4 Beds

2.5 Baths

2,113 SqFt

Status Active

MLS # 6752415

Property Type Single Family Residence

Price Type --

Stunning Single-Level Home on Flood-Irrigated Horse Property in Queen Creek's Ranchos Jardines Discover an exceptional opportunity to own a beautiful single-level home nestled on over an acre of prime, flood-irrigated horse property in the heart of Maricopa County. Located in the desirable Ranchos Jardines community in Queen Creek, Arizona, this 4-bedroom, 2-bathroom residence offers a thoughtfully designed split floor plan, a spacious great room, and a convenient 2-car garage. As you step into the backyard, you'll be captivated by the expansive outdoor living space. One of the largest covered patios you'll ever see invites you to relax and entertain in style. Just beyond this impressive patio, a cozy sitting area with a fire pit creates the perfect ambiance for evening gatherings. To the west of this outdoor oasis, you'll find a vegetable garden that would make even Martha Stewart envious. This meticulously maintained garden is the perfect spot to grow your own fresh produce. Adjacent to the garden, a sparkling swimming pool beckons, providing year-round enjoyment in Arizona's sunny climate. The property is adorned with mature shade trees, offering a serene and private atmosphere. A relatively new $20,000 fence lines the eastern border, ensuring both security and aesthetics. One of the standout features of this property is the 20x40 storage shed/RV garage. This versatile space is fully equipped with electricity, making it ideal for parking an RV, storing equipment, or creating a workshop tailored to your needs. Located in the peaceful Ranchos Jardines neighborhood, you'll enjoy the tranquility of country living while still being close to all the amenities that Queen Creek has to offer. This is more than just a home; it's a lifestyle. Don't miss out on this unique opportunity to own a piece of Arizona's horse country.

View Property

7507 E Milton Drive Scottsdale, AZ 85266

$925,000

3 Beds

2 Baths

2,310 SqFt

Status Active Under Contract

MLS # 6756749

Property Type Single Family Residence

Price Type --

Welcome to your dream desert oasis! This charming 3-bedroom, 2-bath home is nestled on a stunning desert landscaped lot, offering tranquility and natural beauty at every turn. Enjoy your morning coffee on one of the multiple patios, surrounded by vibrant native plants. Inside, relax by the cozy fireplace under rustic exposed beams, and savor the warmth of southwestern-styled finishes throughout. This home blends comfort and character, creating the perfect sanctuary for those who appreciate the beauty of desert living.

View Property