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

1563 S Pennington Drive Chandler, AZ 85286

$799,999

3 Beds

2 Baths

1,236 SqFt

Status Active

MLS # 6744940

Property Type Single Family Residence

Price Type --

Waterfront lot! Completely renovated inside and out. Enclosed yard with private pool and covered patio. This 3 bed and 2 bath single story home has been completely remodeled and has its own lakeside deck for a tranquil and serene environment. All new appliances are included! Highly desirable location near top tech companies. Also available for rent.

View Property

4321 E Zenith Lane Cave Creek, AZ 85331

$799,999

4 Beds

2.5 Baths

2,979 SqFt

Status Active Under Contract

MLS # 6747922

Property Type Single Family Residence

Price Type --

What a gem! Welcome to this light & bright home; From the moment you step inside, you'll feel right at home. The expansive family room/great room/kitchen area features a wall of full-sized cabinets, providing ample storage for all your needs. With maple cabinets, stone counters, and beautiful flooring, this space is a decorator's dream. The spacious kitchen, complete with island seating and a large breakfast nook, is perfect for hosting family and friends. The master suite is thoughtfully separated from the other bedrooms, each with its own walk-in closet. Backyard is an entertainer's dream with a sparkling pool, complete golf course views to enjoy the stunn

View Property

2140 W Clearview Trail Anthem, AZ 85086

New

$799,999

6 Beds

2.5 Baths

3,361 SqFt

Status Active

MLS # 6759009

Property Type Single Family Residence

Price Type --

Take a look at this Spectacular Anthem home, which has everything you could ask for. It comes with 2 newer A/C units and solar panels owned outright for low electric bills. The house is ideally located with no neighbors behind, view fencing, and stunning mountain views. The backyard is a beautiful oasis with a heated pebble tec play pool and spa, a covered patio, and a misting system. The home has a grand exterior with a 3-car garage, a stone facade, and a front patio with flagstone flooring. As you enter the home, you'll find a formal living and dining room with expansive ceilings, tile floors, and neutral paint. The kitchen is an entertainer's dream with a large island, granite counters/backsplash, stainless appliances, and extended upgraded cabinets with hardware and a desk. The great room is directly off the kitchen with a custom built-in entertainment center. The primary suite is downstairs with an exit to the backyard, an ensuite bathroom, dual sinks, a separate shower/tub, and a walk-in closet with a custom closet system including a safe cabinet. There is an additional room/office downstairs, a half-bath, and a laundry room. The large garage has epoxied floors, a soft-water system, a central vac, built-in cabinets, and above-head storage. Upstairs, you'll find 4 bedrooms and a large closed-off flex area that had an option to be a secondary primary. This home is a must see!

View Property

18372 W Ivy Lane Surprise, AZ 85388

$799,999

6 Beds

4.5 Baths

5,262 SqFt

Status Active Under Contract

MLS # 6757446

Property Type Single Family Residence

Price Type --

Beautiful Turn key and updated home in the Surprise Farms subdivision. This home is spacious with a great multigenerational floorplan. This is a 6bed, 4.5bath, 4 car garage home with RV gate, pool and backs to a community park. No neighbors behind. Updated kitchen with new stainless steel sink, white cabinets with hardware, stainless steel appliances, granite counter tops, tile backsplash, large island, pantry and eating area. There are downstair bedrooms, office with built in custom desk and book shelves, formal dining room, living room with custom entertainment center, fireplace and laundry room downstairs. Primary bedroom suite, movie room and additional spacious bedrooms upstairs. New tile and carpet flooring throughout. 1yr Home warranty plan provided by Seller.

View Property

7009 W Palomino Way Coolidge, AZ 85128

$799,999

5 Beds

2.5 Baths

3,345 SqFt

Status Active

MLS # 6725832

Property Type Single Family Residence

Price Type --

Absolutely stunning home on an oversized lot. This semi-custom home has recently been tastefully updated. Plenty of space inside and out. An entertainer's dream kitchen with large granite island, gas stove and spacious pantry! This home has it all and it is rare that a home like this becomes available. Enjoy mountain views and serene sunsets.

View Property

21369 W Hillcrest Boulevard Buckeye, AZ 85396

$799,999

3 Beds

2.5 Baths

2,429 SqFt

Status Active

MLS # 6743385

Property Type Single Family Residence

Price Type --

Maximizing natural light and the best in energy-efficiency, this home boasts 10' flat ceilings, 4 beds, 3 baths, & an oversized family room with both a 12' and an 8' sliding glass door exiting to the extended covered patio. Cook up culinary delights in the gourmet kitchen, featuring upgrade GE stainless appliances, upgraded countertops, gorgeous shaker cabinets, a spacious corner pantry & tile accents at the backsplash. Your owner's suite is an inviting everyday escape showcasing granite countertops, tiled walk-in shower, and a deluxe walk-in closet. Gorgeous two-tone paint & 6''x36'' tile and upgraded carpeting throughout. 2x6 construction & extensive new home warranty. See you soon!

View Property

20312 E Via Del Rancho Road Queen Creek, AZ 85142

$799,999

4 Beds

2.5 Baths

4,962 SqFt

Status Active

MLS # 6722390

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the prestigious Montelena community! This exquisite residence features elegant hardwood floors and a chef's kitchen with top-of-the-line gas appliances, built-in ovens, and granite countertops. The open-concept layout connects the kitchen to a spacious family room with custom built-in bookshelves and a cozy fireplace. The master suite is a true sanctuary, which offers dual walk-in closets and a luxurious master bath. Enjoy the expansive counter space, oversized jetted tub and walk-in glass shower, . Upstairs, you'll find a fantastic bonus/game room that's perfect for play or relaxation, while the lower level features a dedicated media room for movie nights and entertainment. Large backyard to enjoy activities and plenty of room to add a pool.

View Property

2206 W Remington Drive Chandler, AZ 85286

$799,999

5 Beds

3 Baths

3,613 SqFt

Status Active

MLS # 6736475

Property Type Single Family Residence

Price Type --

Welcome to your new home in Price Corridor! Centrally Located Pecos Vistas 2 is a beautiful gated community built by Maracay Homes. This home boast 5 bedrooms, 3 full bathrooms and a spacious loft. A modification to the original floor plan brings great functionality to the first-floor bedroom which is accessible through a private entrance from the single car garage. Upgrades include Luxury Vinyl Plank flooring on first and second floor, 2 New AC units (2023), dual pane vinyl windows (2023), new blown in insulation, new tile surrounds in secondary bathrooms, custom Jacuzzi brand shower in Primary suite, New stainless steel refrigerator and dishwasher in kitchen, new ceiling fans, plantation shutters, interior & exterior paint.

View Property

6992 W Quail Avenue Glendale, AZ 85308

$799,999

4 Beds

2.5 Baths

2,944 SqFt

Status Active Under Contract

MLS # 6721747

Property Type Single Family Residence

Price Type --

Exquisite home in the desirable Sierra Vista Estates. Upon entering, you will be greeted by a foyer with gorgeous custom stone that leads to the main living areas. The living room boasts natural light and an inviting atmosphere. The adjoining dining area is ideal for hosting gatherings with family and friends. You'll find the primary suite is particularly impressive, featuring a walk-in closet and an en-suite bathroom with luxurious amenities. Spacious and well-maintained, the interior makes this perfect for comfortable living. The eat-in kitchen is equipped with modern appliances, ample cabinet space, and a breakfast bar. Whether you are a seasoned chef or enjoy simple cooking, this kitchen will meet all your culinary needs. Step outside to a beautifully landscaped backyard, perfect for outdoor activities and entertaining guests. Whether you prefer to relax on the patio or lounge in the pool, there is plenty of space to make this outdoor area your own. Additionally, the neighborhood offers a sense of community and a peaceful atmosphere. Conveniently located to the 101, fabulous dining and shopping as well as top rated schools you won't want to miss this one!

View Property

705 E Arrowhead Court Payson, AZ 85541

$799,999

4 Beds

3 Baths

2,505 SqFt

Status Active

MLS # 6720290

Property Type Single Family Residence

Price Type --

Million dollar views of the Mogollon Rim. State of the art water treatment system. Heated floors. New tankless water heater. Remote control overhead storage in garage. Premium upgrades in kitchen and bathrooms: custom cabinets, marble/tile shower, walk-in jetted tub. Kitchenette, pellet stove on lower floor. Separate office in 3rd car garage with its own mini-split air conditioner. Large half acre with low maintenance landscaping. 3 car garage. 4 bedrooms and 3 bathrooms. 2500 square feet. This is an absolute ''must see''.

View Property

3413 S Litzler Drive Flagstaff, AZ 86005

$799,999

4 Beds

3 Baths

2,230 SqFt

Status Active

MLS # 6669596

Property Type Single Family Residence

Price Type --

Discover a peaceful haven nestled among the pines in the sought-after University Heights, while NO HOA. This captivating residence is a showcase of sophisticated design, featuring Venetian plaster walls, luxury vinyl spacious family rooms. The kitchen shines w/granite countertops & stainless steel appliances, leading to a private patio amidst Ponderosa pines. The primary suite offers a private walk-out patio, newly remodeled bath with a large shower. A flexible loft space provides an ideal setup for a playroom or home office, conveniently adjacent to the fourth bedroom. This immaculately maintained home blends tranquility with luxury while conveniently located close to shopping, restaurants, trails, downtown Flagstaff and easy access to hwy 89 to Sedona. Established short term rental.

View Property

5921 E Woodridge Drive Scottsdale, AZ 85254

$799,999

4 Beds

2 Baths

2,240 SqFt

Status Active

MLS # 6680622

Property Type Single Family Residence

Price Type --

MAGIC 85254 ZIP CODE! 5 minutes to restaurants & shopping at Kierland Commons. This single level 4 bd/2 ba Tatum Horizons home has a large *5th bedroom with closet * office, features spacious soaring ceilings. Chef's kitchen w/ granite countertops, all NEW kitchen appliances. Exterior of home has been freshly painted. Enjoy a yard w/ mature fruit trees, foliage, private pool and spa, all set in a desert landscape. The Pool/Spa have NEW variable speed pump, NEW cartridge filter system, NEW multicolor LED lighting for outdoor entertaining, NEW Sprinkler system vacuum breaker, NEW whole house on water filtration system, Electrical NEW Home battery, Electrical wiring re-done, Solar panels PAID OFF. NEW light fixtures entryway/Library, NEW $7000 custom front door. REDUCED & READY TO GO!

View Property