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

31314 N 1st Place Phoenix, AZ 85085

$835,000

4 Beds

3.5 Baths

3,191 SqFt

Status Active

MLS # 6700102

Property Type Single Family Residence

Price Type --

Seller will consider buying down the buyer's rate or give concessions with an accepted offer and a successful close. Step into this two story desert beauty located within the rolling mountains of the Sonoran Desert. Spanning 3191 sq/ft of dramatic lofty ceilings, open floor plan & an abundance of natural sunlight. Highlights include a centralized kitchen with GE cafe stainless steel appliances, timeless quartz countertops, a butler station, walk in pantry % water softener filtration system. Notable spiral staircase leads to a spacious loft, upstairs laundry & bedrooms that overlook sunsets & mountain views. Multiple bonus rooms include an intimate built in office, opportunity for a drop zone off the garage, an additional bedroom downstairs which could be used as a second office, media room, play or craft room. An impressive backyard renovation includes an extended covered patio with pergola, built in BBQ & kitchen, mature & lush landscape with fruit trees & an expansive turf play area. Brimming with family appeal, this award winning Taylor Morrison gated community is the perfect balance of location & Arizona lifestyle.

View Property

35338 N 27th Drive Phoenix, AZ 85086

$834,900

4 Beds

3.5 Baths

4,177 SqFt

Status Active

MLS # 6752963

Property Type Single Family Residence

Price Type --

Stunning and meticulously maintained, this 4-bedroom home (plus 2 bonus rooms) boasts 3.5 bathrooms and spans two stories in the picturesque Tramonto community. The versatile floor plan includes one bedroom and a bonus room on the main level. The primary suite is generously sized with a private bathroom featuring dual vanities, a jetted tub, separate shower, private toilet, and a spacious walk-in closet. Tramonto is a sought-after master-planned community offering an array of amenities such as walking paths, parks, swimming pools (including a kiddie pool), playgrounds, tennis courts, basketball and volleyball courts and more. Conveniently located in north Phoenix near the I-17 and Carefree Highway, residents enjoy easy access to shopping and dining options.

View Property

949 E Holland Park Drive Gilbert, AZ 85297

$834,900

4 Beds

3.5 Baths

3,338 SqFt

Status Active

MLS # 6747395

Property Type Single Family Residence

Price Type --

PRICED BELOW APPRAISAL! The perfect 2 story home is now available in the desired Kensington Estates! This home features an ideal kitchen with staggered dark wood shaker style cabinets, high-end stainless steel appliances, custom pendant lighting over the Quartz counter-top island, walk-in pantry with separate butler's area for additional storage, wide plank tile flooring throughout, 2 custom slider doors for inside/outside entertaining, one secondary bedroom with ensuite bathroom downstairs, upstairs has a cozy loft for kids/bonus area, primary bedroom is spacious with a sitting area, primary bathroom has dual sinks, separate walk-in shower and soaking garden tub, HUGE walk-in closet with custom shelving & more. The back yard has a covered patio with travertine and synthetic grass area

View Property

6827 E Orion Drive Scottsdale, AZ 85257

$834,900

3 Beds

2.5 Baths

2,005 SqFt

Status Active

MLS # 6697708

Property Type Single Family Residence

Price Type --

TAKE ADVANTAGE OF SPECIAL LIMITED TIME 2% BUYER INCENTIVE TO BUY DOWN THE INTEREST RATE OR PAY THE BUYER'S CLOSING COSTS. COME FALL IN LOVE WITH THIS BEAUTIFUL HOME WITH GREAT PRIDE OF OWNERSHIP. DRAMATIC CONCERTO FLOOR PLAN WITH 3 BEDROOMS AND 2 1/2 BATHS. DOWNSTAIRS YOU'LL ENJOY AN AWESOME KITCHEN, DINING ROOM AND LIVING ROOM, POWDER ROOM PLUS A COVERED PATIO AND EASY CARE YARD. THERE ARE 3 BEDROOMS AND 2 BATHS UPSTAIRS PLUS A LOFT AND LAUNDRY ROOM. WALK OUT ON THE OVERSIZED BALCONY OFF THE PRIMARY BEDROOM. THE 2 CAR GARAGE IS WIRED FOR A CHARGING STATION FOR YOUR ELECTRIC CAR. SKYE IS A HIGHLY DESIRABLE NEIGHBORHOOD CLOSE TO ASU SKY SONG AND A VIBRANT ARRAY OF COMMUNITY AMENITIES. IT'S A STRATEGIC LOCATION. EASY TO GET TO ALMOST ANYWHERE IN THE VALLEY. GREAT VALUE.

View Property

3631 S Greythorne Way Chandler, AZ 85248

$834,888

3 Beds

2 Baths

2,763 SqFt

Status Active

MLS # 6651616

Property Type Single Family Residence

Price Type --

Don't Miss It! Needs some updates home will be priced accordingly!! Bring Your Offer !! 🙂 Feel the Beauty and Serenity as You Enter This Community! Beautiful gated community surrounded by lakes and Ocotillo Gold Golf Course. This 3 bedroom plus den/office executive home features a split single- story floorplan. Spacious primary suite with jetted garden tub, bidet, snail shower and dual closet. Family room includes gas fireplace open to island kitchen and nook. Kitchen Includes stainless steel profile microwave, convection oven, Dacor gas cooktop, 3 car garage, Apache Stone front elevation, private backyard with built-In BBQ.. Updates Include added ceiling insulation, re-roofed 2 years ago, ,exterior paint 3 years ago. Home has been meticulously maintained. Don't miss this one!!!

View Property

6067 S 174th Place Gilbert, AZ 85298

$833,000

4 Beds

2 Baths

1,985 SqFt

Status Active Under Contract

MLS # 6733768

Property Type Single Family Residence

Price Type --

Home is now vacant. Absolutely beautiful property on over 1 acre! NO HOA! Plenty of room for all of your toys. There is a 3 car garage, with a long driveway to boot! Roof is less than 10 years old! Bathrooms were recently remodeled. The backyard has a jacuzzi that stays. There is a gazebo installed as well. The kitchen and bath countertops have been upgraded. There are shutters throughout, and a rolling shade on the sliding door. New windows were recently upgraded. Bring your RV, bring your horses.......there are so many possibilities! Irrigated lot , get out here and dream up ways for you to enjoy this gorgeous property!!

View Property

13536 W Phacelia Lane Peoria, AZ 85383

$832,181

5 Beds

3.5 Baths

3,548 SqFt

Status Active

MLS # 6740314

Property Type Single Family Residence

Price Type --

The 3,548 sq. ft. Olive floorplan offers the ultimate in living space and organizational excellence. A unique teen room offers extra living, hobby or socializing space in addition to the huge, combined Great Room, dining area and elegant kitchen. A large walk-in pantry, stop-and-drop and central laundry room help keep everything tidy. The owner's suite boasts two walk-in closets, while bedrooms 2 through 5 all have their own walk-in closet. A covered patio offers even more space for socializing, outdoor dining or simply enjoying the fresh air. The community offers a unique mountainside location with close proximity to great shopping, dining and entertainment options. Enjoy top-rated Peoria schools and great access to Loop 303 freeway with easy connections to I-17 and 1-10.

View Property

4913 S Moccasin Trail Gilbert, AZ 85298

$832,000

5 Beds

3.5 Baths

3,871 SqFt

Status Active

MLS # 6690938

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Gilbert's prestigious Bridges community! This stunning property boasts 5 bedrooms and 3.5 bathrooms, providing ample space for comfortable living. The heart of the home features a large kitchen equipped with stainless appliances & a spacious island, perfect for entertaining guests or enjoying family meals together. With three distinct living spaces, including a cozy family room, an elegant formal living area, and a versatile loft upstairs, there's plenty of room for everyone to unwind & relax. Step outside to your own private oasis, complete with a sparkling pool, ideal for relaxing on sunny Arizona days. Built by Ashton Woods, this home combines quality craftsmanship with luxurious amenities. Don't miss out on the opportunity to make this your forever home

View Property

904 E Vermont Drive Gilbert, AZ 85295

$832,000

3 Beds

2.5 Baths

2,549 SqFt

Status Active

MLS # 6736410

Property Type Single Family Residence

Price Type --

Seller open to concessions at closing. Like new home in luxurious Velvendo estates in the heart of Gilbert. 3-car garage, paver driveway, & private secure courtyard. You'll LOVE the open formal dining area, living room & the open layout graced w/ ceramic tile flooring throughout. Fabulous kitchen displays 40 inch cabinets w/crown molding, quartz counters, & butler's pantry. HUGE primary retreat offers large windows w/trending barn doors & a private ensuite equipped w/two vanities & two walk-in closets, and upgraded walk in shower. Sizable bonus room ideal for an exercise or additional lounging space. Serene oversized backyard awaits, which includes a covered patio, attached pergola, mature shade trees, landscape lighting & automatic drip system. Close to San Tan mall and downtown Gilbert Seller is open to seller concessions at closing. Epoxy garage floor.

View Property

21422 W Meadowbrook Avenue Buckeye, AZ 85396

$830,120

3 Beds

2.5 Baths

2,493 SqFt

Status Active

MLS # 6756517

Property Type Single Family Residence

Price Type --

This charming 2,500 sq ft home in the coveted gated community of Verrado is perfect for you and your family. With three bedrooms, two and a half bathrooms, and a versatile flex space, it offers ample room for all your needs. The home features soaring 12' ceilings in the kitchen and great room, elegant quartz countertops, double-stacked cabinets, and abundant kitchen storage. The bright great room is enhanced by multiple windows, while a 16' sliding glass door opens to a backyard with breathtaking views of the White Tank Mountains and no rear neighbors. The primary bedroom suite includes a luxurious spa tub, a tiled shower, and a spacious closet. All bathrooms feature full-height tiled showers. Located just minutes from shopping, dining, two golf courses, and all the amenities!

View Property

3649 N 56th Street Mesa, AZ 85215

$830,000

5 Beds

4.5 Baths

3,211 SqFt

Status Active

MLS # 6745144

Property Type Single Family Residence

Price Type --

Do not miss this almost brand new home built in the gated and resort style community of Reserve at Red Rock. Pull up to this beautiful home with a very welcoming elevation and style. This prime location is close to top rated schools, including the new ALA campus, 202 on-ramp, shopping, dining and golf courses in the area. Low maintenance landscaping, covered porch and wider paver driveway welcome you to your new home. Enter the upgraded iron door to beautiful flooring, fresh and bright colors and upgrades everywhere you look. Fantastic en-suite bedroom right off the front door is perfect for a guest room or generational living with its own bathroom and walk-in closet. Pass through to the well appointed kitchen with upgraded white shaker dovetail cabinets with soft-close cabinets with stainless steal appliances, extensive stone backsplash, unique matte granite counters and opens up to the dining and living rooms as well as the 4 panel slider heading out to the backyard. You'll feel the plush carpet as you head upstairs to view the remaining living space. The master en-suite offers a large bathroom and walk-in closet with custom designer tile and nicer finishes. 3 car tandem garage offers an EV outlet. Spend time to check out the multi-million dollar private clubhouse with a heated pool, spa, workout room, playgrounds, sport courts, trails, pickle ball courts and so much more.

View Property

5825 Snapdragon Lane Prescott, AZ 86305

$830,000

3 Beds

2 Baths

2,051 SqFt

Status Active

MLS # 6740604

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the highly sought-after Pinon Oak Subdivision! This stunning residence boasts a spacious and functional split floor plan with three bedrooms and two bathrooms, providing ample space for comfortable living. Step inside to find an inviting living area that seamlessly flows into the bright and airy Arizona Room, perfect for enjoying the beautiful weather year-round. The well-appointed kitchen features modern appliances and plenty of counter space, ideal for preparing delicious meals and entertaining guests. The large primary bedroom offers a private retreat with a generous en-suite bathroom and a private exit to the serene patio, allowing you to unwind in peace and tranquility. The additional bedrooms are well-sized and share a stylishly updated bathroom. Outside, you'll appreciate the expansive corner lot adorned with mature landscaping, creating a picturesque and private oasis. The garden shed provides extra storage for all your tools and outdoor equipment, while the dog run ensures your furry friends have plenty of space to play. For those with multiple vehicles or a penchant for hobbies, the three-car garage offers abundant space for parking and storage. Enjoy the convenience of living in a desirable neighborhood, with easy access to local amenities, schools, and parks. This home is a perfect blend of comfort, style, and convenience, making it an exceptional find in the Pinon Oak Subdivision. Don't miss the opportunity to make this incredible property your own!

View Property