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

26431 W Sequoia Drive Buckeye, AZ 85396

$864,900

2 Beds

2.5 Baths

2,529 SqFt

Status Active

MLS # 6753782

Property Type Single Family Residence

Price Type --

FANTASTIC VIEW HOME...2 BD 2.5 BA JOURNEY former model home, Golf Course, Lake and Mountain View's. Highly upgraded home includes Golf Cart Garage with AC. Home has PAID SOLAR. Courtyard entry with custom gate and KOI Pond. Chef's kitchen and Butler's Pantry. Primary and Guest suites in separate wings for privacy. Backyard with covered patio,misters,retractable awning & fireplace. Separate Pergola with overhead gas heater. Built in outdoor BBQ grill island. Spa overlooks golf course, lake, fountain and White Tank Mountains, VIEWS,VIEWS,VIEWS...... Furnishings available outside of escrow. This home is ready to enjoy all Festival has to offer from your own OASIS....This is a must see home.

View Property

36627 N 18th Drive Phoenix, AZ 85086

$864,900

3 Beds

2 Baths

2,246 SqFt

Status Active

MLS # 6759814

Property Type Single Family Residence

Price Type --

Experience the essence of Southwest charm on this 1-ac Desert Hills property! This beautifully rebuilt 3-bdrm home, completed in 2022, boasts all the right finishing touches, meticulously chosen to create the feel of a brand-new custom home but with yard improvements including a pool & turf. Step into an expansive open concept living space that flows into a gourmet kitchen, featuring custom cabinetry, stainless-steel appliances, and a large island with granite counter tops. The primary suite includes a spacious walk-in closet and a private exit to the backyard oasis. Outside, you'll find a tranquil retreat with a covered patio in site of mountain vistas! Enjoy the easy-care turf lawn, fully fenced pool and a yard with ample room for additional improvements! Private well. create a perfect backdrop for both relaxation and entertainment. After a refreshing swim, unwind in the nearby sauna, or enjoy quiet moments under the charming gazebo. The fully block-fenced backyard ensures privacy and serenity for all your outdoor gatherings. Perfectly located near an array of shopping, dining, and recreational amenities, this home offers the ideal blend of natural beauty and modern conveniencetruly the best of Southwest living.

View Property

2231 E Fandango Drive Gilbert, AZ 85298

$864,900

4 Beds

3 Baths

2,649 SqFt

Status Active

MLS # 6732682

Property Type Single Family Residence

Price Type --

RARE - 2 Homes Under 1 Roof - Lennars MOST POPULAR Trillium Floorplan - upgraded like Model & Absolutely Stunning VIEWS of the Mountains - NO Homes behind peering into your backyard - very Serene. Main Home is almost 2000 SF w/ Gourmet Kitchen, Massive Island w/ Quartz Countertops , 42'' Luxurious White Cabinetry. SEP Casita has lockable private access to Main Home with FULL KITCHEN, Spacious FAMILY Room , LAUNDRY & WALK IN CLOSET + PRIVATE BEDROOM along w/ its Own Private Entrance and Attached Single Car Garage w/ private access. Great for multi family or elegant guest quarters. Stainless Steel Appliances in both Kitchens, Split 3 Car Garage. Master Bedroom Split with Double Vanities & Oversized Walk In Shower & HUGE Walk In Closet. Backyard professionally landscaped backyard with green grass, sprinklers & pavers. 3rd Car Separate Garage insulated with HVAC & vent for use as shop. Family Room has built in surround sound with speakers. Casita Closet is pre-plumbed for washer & dryer, but currently being used as traditional closet. Ring Doorbell & Security System w/ Eero Equip already installed. Gated luxury community has 2 community parks with covered ramadas, basketball court and walking paths.

View Property

2298 Aspen Run Pinetop-lakeside, AZ 85935

$864,000

4 Beds

3 Baths

2,260 SqFt

Status Active

MLS # 6730920

Property Type Single Family Residence

Price Type --

Escape to Mountain Luxury in Pinetop Indulge in the fine mountain living you've longed for with this breathtaking new construction cabin nestled in the heart of Pinetop's majestic White Mountains. This stunning retreat boasts four spacious bedrooms and three modern bathrooms, providing ample space for family and guests to unwind in comfort. As you step inside, the grandeur of deep vaulted ceilings with exposed truss beams greets you, framing a spectacular full custom tile fireplace that anchors the living space. The warmth of the huge barn wood accent wall is complemented by the beauty of waterproof engineered flooring throughout, crafting a comfortable, rustic and modern atmosphere. Gourmet experiences await in a state-of-the-art kitchen featuring (see supplement)

View Property

11841 N 113th Way Scottsdale, AZ 85259

$864,000

3 Beds

2.5 Baths

2,404 SqFt

Status Active

MLS # 6690132

Property Type Single Family Residence

Price Type --

The mountain views and adjacent open space from this home are unparalleled, offering a breathtaking vista that stirs the soul and captivates the imagination making it a rare find. Marvelous updates abound in this 3 bedroom, 2.5 bath beauty with captivating sunset and McDowell Mountain views! Carefully selected walls were removed in the entry and kitchen for a more accessible, open floor plan. Updated wood and tile flooring flow throughout this home with electric blinds on each floor. Entertaining is a breeze in the modern kitchen with generous Granite countertops, stainless steel appliances, new sink and updated backsplash. Every detail was thoughtfully selected from the LED lights on the stairs to the newly remodeled bathrooms. Appreciate a serene primary bedroom showcasing a stunning... new chandelier and enjoy peace of mind and comfort with 2 newer AC units, new duct-work and newer water heater. Live like you are always on vacation and delight in a lush private Pebbletec pool and extended cool deck perfect for entertaining or stargazing at night. Step beyond the newly painted fence and enjoy countless hiking and biking trails that make this beautiful abode a rare find. The 2-car epoxy floor garage offers a Tesla electric vehicle charging area and many storage options. There is so much to love here!

View Property

5743 N 208th Lane Buckeye, AZ 85396

$863,865

3 Beds

3.5 Baths

2,870 SqFt

Status Active

MLS # 6714356

Property Type Single Family Residence

Price Type --

MLS#6714356 Ready Now! The Shire in Victory at Verrado, a 55+ active lifestyle community, offers a great open floorplan layout with beautiful mountain views. Enter the foyer area and stop by the private study to work from home or read a book. Two private guest bedrooms are on either side of the foyer - each has its own full bath and walk-in closet. Enter the heart of the home and enjoy the open gathering room that seamlessly connects to the kitchen with center island and dining area. Perfect for entertaining! Structural options include: paver front porch, 15' x 8' multi sliding glass door, additional 2 car garage, upgraded square corners, 5 baseboards, pre-plumb for future laundry sink, and gas line for future outdoor kitchen.

View Property

2468 S Salida Del Sol -- Chandler, AZ 85286

$862,700

4 Beds

2 Baths

2,446 SqFt

Status Active

MLS # 6745020

Property Type Single Family Residence

Price Type --

Experience luxury, gorgeous remodeled Ocotillo home in Chandler. It features custom solid surface cabinets and quartz mitered countertops throughout, with seamless wood-look vinyl flooring with no carpet. Highlights include a 10-foot metal bifold exterior door, a custom built in electric fireplace, and stylish black hinges and hardware. The bathrooms boast fluted tile, custom glass showers, Delta faucets. The master shower has a built-in seat with a handheld wand, and a waterfall tub faucet. The garage offers a triple epoxy finish, and laundry room has a custom built in. Enjoy a matured private landscaped yard, Pebble Tech play pool, jacuzzi with BRAND NEW 400K BTU heater, and newly redone cool deck. Newer AC units complete this move-in ready home.

View Property

14823 S 13th Place Phoenix, AZ 85048

Open House

$862,500

4 Beds

2.5 Baths

3,010 SqFt

Status Active

MLS # 6748151

Property Type Single Family Residence

Price Type --

For Sale/Lease. Voted Best Home on Tour!!! Location! Location! Location! Corner Lot w/Amazing Mountain Views! 5 mins to Schools/Shops/Hiking. Popular Open Floor Plan w/Vaulted Ceilings & Primary Bedroom/Laundry on 1st Floor. Updated Primary Bath has Travertine/Granite. Kitchen has Large Granite Breakfast Bar w/open view to TV Room. Upstairs has a Game/Extra Room that overlooks the TV Room, 3 Large Bedrooms & Updated Bathroom. Outside Features Pool w/Waterfall, Fruit Trees & Planters. House has newer: interior/exterior paint, roof, AC, appliances, flooring & pool equipment. 3 Car Garage w/Tesla Charger. 20 minutes to Airport.

View Property

35108 N 139th Way Scottsdale, AZ 85262

$862,000

4 Beds

3 Baths

3,582 SqFt

Status Active

MLS # 6720222

Property Type Single Family Residence

Price Type --

Experience the best of Scottsdale in this custom home with breathtaking views. The chef's kitchen with breakfast nook and walk-in pantry opens to a cozy yet spacious family room w/fireplace. There's a separate dining room too. The home offers 4 bedrooms plus an office, with the flexibility to transform spaces into additional office areas, a gym, a den, or extra bedrooms to suit your lifestyle. The split primary suite provides owner privacy and comfort. Wood and tile flooring in main living areas. Step outside to your own resort-style backyard, featuring a covered patio, built-in BBQ, Pebble-Tec pool, fire pit, turfed yard, and a rooftop deck. This property is ideal for horses, pets, and kids, with pipe rail fencing for added safety. Easy access to all Scottsdale amenities.

View Property

5535 W St Moritz Lane Glendale, AZ 85306

New

$861,782

4 Beds

3.5 Baths

3,106 SqFt

Status Active

MLS # 6762300

Property Type Single Family Residence

Price Type --

Ready Now!! Near all the amenities and park area. 4 Bedrooms, bonus room, with with 16ft slider, Granite counter tops, 42'' Dayton Birch Flagstone Cabinets with black hardware, Subway tile backsplash, gourmet collection gas appliances, wood look tile and upgraded carpets!! Great sized backyard with covered patio to enjoy. Just steps away from all the amazing amenities Legends has to offer.

View Property

18522 W Cathedral Rock Drive Goodyear, AZ 85338

$860,511

3 Beds

3.5 Baths

3,216 SqFt

Status Active

MLS # 6734140

Property Type Single Family Residence

Price Type --

Beautiful Luxury 1-Story Home in all 1-Story Community To Be Built in appx 5-6 Months & just 10 homesites remain! 3 beds, 3.5 ba + Study + Multi-Gen Suite (Bed 3 + Living/Media Room + Full Bath, Private entrance at 1-car). You will love the Classy Chef-Inspired Kitchen w/Gas Cooktop, Wall Oven/Micro, Pot Filler, Quartz Countertops, 42'' Upper Cabinets, 10' Ceilings, 8' Doors, 5 1/4'' Baseboards, Pavered Driveway, & Gated Courtyard. Enjoy the Indoor-Outdoor Living with a 16' Slider at the Greatroom. The Primary Suite has a Zero Step Entry Shower, a 12' Slider to the backyard, Large Bathroom, & Walkin Closet with a door into the laundry room. Spray Foam Insulation at Attic & Exterior Walls, Plus a Tankless Water Heater. Pics of Model.

View Property

15033 N Moon Valley Drive Phoenix, AZ 85022

$860,000

4 Beds

2 Baths

2,526 SqFt

Status Active Under Contract

MLS # 6753789

Property Type Single Family Residence

Price Type --

Beautiful Moon Valley home on a 1/4-acre corner lot! You'll love the stunning kitchen, remodeled to perfection with an impressive granite island, custom cabinetry, and top-of-the-line stainless steel appliances, including a gas range with double ovens. The open floorplan flows seamlessly from the spacious kitchen to the family room, through the wet bar area into to large living room, offering a wood-burning fireplace and vaulted, beamed ceilings. Primary suite is split from the other bedrooms, with an updated bathroom and walk-in closet. Outside, enjoy a resort-style backyard with an extended covered patio, Pebblesheen diving pool and low-maintenance landscaping! Updates include a new roof in April 2024, extensive remodeling inside, new windows/doors, and refinished pool.

View Property