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

12733 S 177th Lane Goodyear, AZ 85338

$899,000

5 Beds

3 Baths

4,398 SqFt

Status Active

MLS # 6752407

Property Type Single Family Residence

Price Type --

Gorgeous TW Lewis Basement home in gated community of Emerald Greens at Estrella Mountain Ranch. Home Features 3 Bedrooms 2.5 bath on main floor, 2 Bedrooms 1 bath plus Bonus room & Great room with wet bar in finished Basement. Open kitchen overlooking the family room with lots of windows to view the sparkling pool out back. Large Laundry room with sink, cabinets & counter tops for additional storage. Soft Water Loop & RO at the kitchen sink. Surround sound and fire sprinklers throughout. Primary retreat features private exit to backyard as well as an oversized closet, 20 in tile, crown molding 2 new AC units, New cool decking, Close to shopping and restaurants, Why there's not more basements in AZ is beyond me come & see this rare basement home yourself you wont be disappointed

View Property

2223 N Beverly Place Buckeye, AZ 85396

$899,000

4 Beds

2.5 Baths

3,248 SqFt

Status Active

MLS # 6749293

Property Type Single Family Residence

Price Type --

Experience the best of Verrado living! Ideally located across from a serene park with captivating views. Enjoy sunsets from your porch or retreat to your backyard oasis with a sparkling pool, swim-up bar, and covered BBQ area. This energy-efficient home features spray foam insulation, 47 owned solar panels, Tesla batteries for off-grid capability, and no electric bills—just yearly credits! Inside, find wood-look tile floors, stainless steel appliances, new carpet, and smart features like a Rachio watering system and updated pool equipment. The garage has epoxy floors, custom cabinets, and extra storage. Plus, a den and versatile bonus room perfect for a home office, craft room, or gym. Luxury, comfort, and sustainability in one of Buckeye's most desirable communities.

View Property

17678 E Fort Verde Road Rio Verde, AZ 85263

$899,000

2 Beds

2.5 Baths

2,186 SqFt

Status Active

MLS # 6738160

Property Type Single Family Residence

Price Type --

PRICED TO SELL! A rare find at Trilogy at Verde River Golf and Social Club. Let your imagination go wild with this vacant 2 bedroom 2 1/2 bath with office,freshly painted and new carpet in bedrooms.Tile flooring, whole house vac . Gourmet kitchen with Monogram appliances, shaker style shaker custom cabinets with brushed nickel hardware., subway tile backsplash, pendant lights and much more. Large Great Room adjacent to kitchen with surround sound, a wall of glass sliding doors that open up to a spectacular view of the Tonto National Forest. Backyard features built in BBQ, firepit, and built in misters. Exterior TV hook up, outdoor lighting and speakers. Custom floor to ceiling tile in Master bath, soaking tub and separate shower. Large extended garage with shelving and epoxy flooring.

View Property

6225 N 10th Place Phoenix, AZ 85014

$899,000

5 Beds

4 Baths

2,380 SqFt

Status Active

MLS # 6755959

Property Type Apartment

Price Type --

Highly sought after location in the N Central corridor. Close to award winning restaurants, 5 mins to 51 freeway and 10 mins to downtown. Situated on a quiet, tree lined cul de sac lot., This 4 plex has been in the same hands for decades & needs updating. Always fully rented & professionally managed.

View Property

9695 N Fiorella Street Prescott Valley, AZ 86315

$899,000

4 Beds

2 Baths

2,511 SqFt

Status Active

MLS # 6754054

Property Type Single Family Residence

Price Type --

Discover your dream home in Legend Hills! This beautiful single-level home offers 3 bedrooms, 2 baths, plus a den or 4th bedroom, all within an open floorplan. With stunning views of Mingus, Granite, and Bradshaw Mountains, you'll love the spacious kitchen with granite countertops, stainless appliances, and alder cabinetry. Enjoy cozy nights by the gas fireplace in the great room, and relax in the luxurious primary suite with a walk-in shower and ample closet space. Outside, you'll find pipe rail perimeter fencing, 2 automatic gates, RV parking, a large storage shed roll up doors, and an oversized 3-car garage, new Generac generator for backup power. All this, set on 2.4 acres with city light views and privacy, makes this home a must-see!

View Property

19055 E Poco Rio Drive Rio Verde, AZ 85263

$899,000

3 Beds

2.5 Baths

2,972 SqFt

Status Active

MLS # 6757638

Property Type Single Family Residence

Price Type --

Welcome to your dream retreat in the heart of Rio Verde's sought-after active adult community! This stunning 3 bed, 2.5 bath home offers 2,972 sqft of thoughtfully designed living space on a quiet interior cul-de-sac lot. Step inside to discover a spacious, open-concept layout filled with natural light and breathtaking mountain views. The chef's kitchen is a true highlight, featuring newer appliances, ample counter space, and a generous island perfect for meal preparation and entertaining. The adjacent dining area opens up to a large wrap-around patio, where you can savor the spectacular views and enjoy outdoor living at its finest. The primary suite boasts two walk-in closets, a luxurious en-suite bathroom with a walk-through shower, and two additional rooms that can be used as an office makeup room, or flex space to suit your needs. The second bedroom also offers its own en-suite bathroom for added convenience and comfort. An additional half-bath is perfect for guests. This home's location within a vibrant active adult community ensures a dynamic lifestyle, complete with championship-caliber 36-hole golf courses, pickleball courts, Tennis courts, Stunning fitness facility, Huge lap pool, and numerous social opportunities.

View Property

15641 E Sycamore Drive Fountain Hills, AZ 85268

$899,000

4 Beds

3.5 Baths

3,552 SqFt

Status Active

MLS # 6760447

Property Type Single Family Residence

Price Type --

Enjoy mountain views from this spectacular property with a portico in Fountain Hills! Beautiful updates are throughout this unique home. An abundance of windows and vaulted ceilings opens this home to light and air. Gather in the lovely kitchen boasting stainless and custom appliances, display cabinetry, center island with vegetable sink, pot filler at large range, extended backsplash and built-in wine cooler! There is banquette seating ready for a table to enjoy your morning coffee. The Generous primary suite affords a private sanctuary with ensuite bath and wash views. A vaulted living room is outfitted with a wet bar and focal fireplace to enjoy the views. 3 other bedrooms assures there is plenty of room for work, play and rest for everyone. Additional spaces provide an area for... storage or to create a custom space for yourself. Centrally located, this home benefits from a short commute to schools, shopping, parks and the famous fountain! See all the possibilities this property brings!

View Property

5843 W Abraham Lane Glendale, AZ 85308

$899,000

4 Beds

2.5 Baths

3,003 SqFt

Status Active

MLS # 6753165

Property Type Single Family Residence

Price Type --

Situated on the 15th Fairway of the Legends Golf course in Arrowhead Lakes, This 4 bedroom 2.5 bath home is beautifully appointed. Step inside to a grand entrance with a gorgeous view of the golf course with three large picture windows in the open living/dining room. Kitchen features include granite counter tops, rich cabinetry, stainless appliances, wall ovens, gas cooktop, kitchen island and great breakfast area. Cozy family room anchored by a gas fireplace. Wonderful primary bedroom with ensuite where you will find a step in shower, soaking tub, dual vanities and walk in closet. Shutters, architectural niches, and arched entries are just some of the special touches you will notice. Outside you will find a lovely covered patio overlooking the infinity swimming pool and spa. Nicely landscaped back yard space with al fresco dining area and built in BBQ. Perfectly located with close proximity to shopping, entertainment and freeways - this gorgeous home has it all.

View Property

44017 N 50th Avenue New River, AZ 85087

$899,000

5 Beds

3.5 Baths

4,408 SqFt

Status Active

MLS # 6728666

Property Type Single Family Residence

Price Type --

Gorgeous 5-bedroom, 4-bathroom home, set on a sprawling 11,200 sqft lot with stunning mountain views! This recently updated residence offers a spacious 4,408 sqft of living space with high ceilings, creating an airy and bright atmosphere. The remodeled kitchen is a chef's dream, complemented by a formal dining room with a butler's pantry, a formal living room, a great room, and a separate office. The primary bedroom is conveniently located downstairs. The large upstairs media room is perfect for entertainment, and bedrooms 2 and 3 share a Jack & Jill bathroom. Enjoy comfort year-round with three brand new Trane HVAC units and the benefits of a fully paid-off solar system. The covered patio overlooks a beautifully landscaped garden, heated pool with a connected spa, and waterfall feature. With a custom RV gate and no HOA height restrictions, this home offers both luxury and flexibility!

View Property

20161 N 272nd Lane Buckeye, AZ 85396

$899,000

3 Beds

2.5 Baths

2,849 SqFt

Status Active

MLS # 6758769

Property Type Single Family Residence

Price Type --

This is a very unique property in Sun City Festival, a 55+ active adult community with incomparable amenities! This 3-bed, 2.5 bath home features a den, formal dining area and a billiards room. AND the list price includes ALL furnishings. The best part is the east-facing backyard, nestled against the 5th hole on the Vista course, with a lake, fountain and mountain views! This oasis-like setting includes a pool with a heater and cooler and in-ground firepit, all perfect for entertaining. The spacious kitchen includes SS appliances and a gas cooktop. The master suite features dual vanities, shower and tub. The full-size 3-car garage includes built-in cabinets. Other special features include a Bose sound system, Brinks security, in-house vac and a new 2023 AC unit. This home is a MUST see!

View Property

14434 E Willis Road Gilbert, AZ 85297

$899,000

4 Beds

2 Baths

2,540 SqFt

Status Active

MLS # 6747549

Property Type Single Family Residence

Price Type --

Location, location, location! Here's your chance to snag a little slice of paradise—a one-acre horse property that's equal parts charm and convenience, and absolutely no HOA in sight. This 2500 sq. ft., four-bedroom, two-bath home is like a blank canvas waiting for your personal touch. Whether you're into the modern farmhouse vibe, a dash of Santa Barbara, or a hint of Spanish style, this place has the bones to make it all work, complete with Saltillo tile and those cool hand-painted decorative inlays that add just the right amount of flair. The house got a major glow-up in 2019, with a fresh new kitchen and bathrooms, but it didn't stop there. The roof is new, the pool's been resurfaced and re-tiled (with all-new equipment), and the electrical system was completely updated in 2021 and 2022. So, you're not just getting styleyou're getting substance, too. But let's talk about that 1200 sq. ft. outbuilding in the back. Is it a barn for animals or a toy barn? Both, you bring all your animals but it's perfect for car collectors, RVs, side-by-sides, or boat enthusiastsor maybe just a cool hangout spot. Located in a prime spot in Gilbert, you get all the peace and quiet of country living, with the bonus of having shops, restaurants, and city amenities just around the corner. And those evening skies? They're like a daily dose of cotton candy sunsets that'll make you fall in love with this place over and over again. So, if you're looking for a home that's as flexible as your imagination and as solid as your dreams, this might just be the one.

View Property

18997 N 90th Way Scottsdale, AZ 85255

$899,000

3 Beds

2.5 Baths

2,145 SqFt

Status Active Under Contract

MLS # 6735263

Property Type Single Family Residence

Price Type --

NESTLED NEAR THE BASE OF THE MCDOWELL MOUNTAIN RANGE, THIS 3-BEDROOM, 2.5 BATH CHARMING RESIDENCE BEAUTIFULLY CAPTURES GORGEOUS VIEWS! ENJOY THE PRISTINE DESERT, SCENIC SAGUAROS AND MAGICAL MOUNTAINS DAILY! ENTER TO AN OPEN GREAT ROOM WITH A CUSTOM BAR, AND 2-STORY SOARING CEILINGS IN THE LIVING AND DINING AREAS. THE WHITE KITCHEN IS ELEGANTLY UPDATED AND A LOVELY FIREPLACE ANCHORS A SPACIOUS GREAT ROOM. A LARGE DOWNSTAIRS OWNER'S SUITE WITH A SLEEK UPDATED BATH AND NEW CUSTOM CLOSET ALLOWS FOR SINGLE LEVEL LIVING. HEAD UPSTAIRS WITH A MODERN STAIR RAIL TO FIND 2 SPACIOUS BEDROOMS, A REMODELED BATH AND A LARGE LOFT/OFFICE THAT COULD EASILY BE CONVERTED INTO A 4TH BEDROOM. ENTERTAIN OUTDOORS WITH A SPARKLING POOL, COVERED PATIO & OPEN SPACE VIEWS, OFFERING SPECTACULAR NIGHTLY SUNSETS! THIS PREMIUM LOT IN THE IRONWOOD VILLAGE COMMUNITY IS NEAR DC RANCH MARKET STREET, AJ'S GOURMET GROCERY STORE, NOTRE DAME PREP HIGH SCHOOL, HIKING & BIKING TRAILS, GOLF & THE DC RANCH VILLAGE AND PICKLEBALL CENTER.

View Property