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

21108 W Caravaggio Lane Wittmann, AZ 85361

$785,000

5 Beds

3 Baths

2,776 SqFt

Status Active

MLS # 6741160

Property Type Single Family Residence

Price Type --

Discover your dream home in this stunning single-story residence! This modern, spacious home features plank flooring throughout, high end granite features and lots of space! With an open-concept layout and high ceilings, the interior is bathed in natural light, creating a warm and inviting atmosphere. The gourmet kitchen boasts stainless appliances, an large island, and lots of custom cabinetry, perfect for entertaining. Retreat to the luxurious master suite with a spa-like bathroom and a generous walk-in closet. Situated on a large lot, the property offers ample outdoor space for gardening, recreation, or future expansion. Don't miss this rare gem that combines modern living with the tranquility of a spacious lot!

View Property

8819 E Lupine Avenue Scottsdale, AZ 85260

$785,000

3 Beds

2 Baths

2,068 SqFt

Status Active

MLS # 6740875

Property Type Single Family Residence

Price Type --

This corner lot on a quiet, walkable street in Scottsdale will have you swooning! With two living spaces, and one spacious kitchen, you will have plenty of room to spread out! This home comes with 2 attics, so lots of room for storage, three great sized bedrooms and an array of natural light. The backyard boasts a covered patio, grass, and pool with brand new pool equipment. Speaking of new, the HVAC is only two years old and the house will convey with owned solar that was installed in 2021. Your primary bedroom is more like a retreat with how spacious, bright, and appealing it is. The primary bathroom also underwent a luxurious update in 2024. With no HOA, and a FABULOUS location nearby shops, restaurants, hospitals, and easy access to the 101, you won't want to miss this lovely home!

View Property

20802 N Grayhawk Drive Unit 1104 Scottsdale, AZ 85255

$785,000

3 Beds

2 Baths

1,954 SqFt

Status Active

MLS # 6725030

Property Type Townhouse

Price Type --

Welcome to the guard-gated Avian at Grayhawk, where this one-of-a-kind end unit awaits you! Providing 3 beds, 2 baths, & a 2-car garage. Fabulous interior showcases plantation shutters, tall ceilings, designer paint, and tasteful flooring - tile & soft carpet. You'll love the two-way fireplace, shared by the inviting living & dining areas! The impressive kitchen boasts a tray ceiling, SS appliances, granite counters, ample wood cabinetry, and an island w/breakfast bar. Main bedroom has an ensuite with dual sinks, separate tub/shower, & a walk-in closet. Secondary bedrooms also feature a walk-in closet. Let's not forget the private covered patio w/built-in BBQ, a great spot to relax while enjoying the neighborhood's tranquility! Take advantage of the fantastic Community amenities. Act now!

View Property

18511 E Oak Hill Lane Queen Creek, AZ 85142

$785,000

5 Beds

4.5 Baths

3,745 SqFt

Status Active

MLS # 6741936

Property Type Single Family Residence

Price Type --

Discover the perfect blend of luxury and comfort in this stunning 5-bedroom, 4.5-bath home. With an inviting open floor plan, this residence features a spacious loft, ideal for relaxation or entertainment, and a dedicated den/office perfect for working from home. The gourmet kitchen opens to a bright and airy living area, leading to a covered patio where you can enjoy alfresco dining. Step outside to your private oasis, complete with travertine tile, updated heated pool and serene courtyard. The three-car garage provides ample storage. Nestled in a sought-after neighborhood, this home offers the ultimate in modern living. Welcome to your dream home!

View Property

19026 E Carriage Way Queen Creek, AZ 85142

$785,000

3 Beds

2.5 Baths

2,516 SqFt

Status Active

MLS # 6756751

Property Type Single Family Residence

Price Type --

Model perfect 3 bedroom+ den/hobby room single level home with 3 car garage is gorgeous! The impressive custom iron entry door opens for you to see the pool views leading you into an expansive light & bright interior. Upgrades galore from neutral wood-look 112x46'' tile flooring, formal dining area, recessed lighting to the wall of glass looking out to the sparkling heated pool. This entertainer's dream offers expresso cabinets, crown molding, tile backsplash, granite counters, butler pantry, double wall oven, SS appliances, wine fridge & center island with breakfast bar. Main retreat , dual sinks & spacious walk in closet. Spend relaxing days enjoying the backyard with covered patio, oversized salt pool, no back neighbors! Seller willing to contribute to buyer concessions w strong offer Tranquility awaits in the serene backyard, showcasing a covered patio, artificial turf, & a shimmering pool ready to provide hours of fun & relief from the summer heat. Don't let this great opportunity pass you by!

View Property

5891 W Del Lago Circle Glendale, AZ 85308

$785,000

5 Beds

3 Baths

3,030 SqFt

Status Active Under Contract

MLS # 6751840

Property Type Single Family Residence

Price Type --

**Location, location, location!** Discover this stunning residence in the prestigious Del Lago section of Arrowhead Ranch, situated on a unique corner lot facing the picturesque lake with a charming fountain. This home exudes curb appeal with its brick exterior and offers exceptional privacy. Ideally located just minutes from Highway 101, this home provides easy access to premier shopping centers, dining, and entertainment options. Fall in love with the thoughtfully designed floor plan featuring a sunken living room, formal dining area, and a bright family room with a cozy fireplace. High ceilings and panoramic windows create an open and airy ambiance, enhancing the home's elegant charm.

View Property

19539 S 211th Way Queen Creek, AZ 85142

$785,000

3 Beds

2.5 Baths

2,732 SqFt

Status Active Under Contract

MLS # 6674846

Property Type Single Family Residence

Price Type --

3 Bedroom home with oversized Dining Room turned into Office/Bedroom with Glass Double Doors and private courtyard access. Seller can build out closet if needed for that room. 3-car garage and separate 1-car garage. Each bedroom has walk-in closet. Wood plank tile throughout the home to help with allergies and maintenance. 2-tone paint (Gray/White) in home and garages. FULL Covered Patio. 6.7kW Solar System. Extra folding table in laundry, and drying rack. Master closet is MASSIVE. White Plantation shutters throughout the home. Sunscreens for all windows. Rear yard has grass, paver walkways, mower storage shed, and professional landscaping. 18,000G swimming pool with oversized 1st step lounge, above ground 6-person spa with additional cool-dec surrounding both. No neighbors behind home.

View Property

15056 N 102nd Street Scottsdale, AZ 85255

$785,000

4 Beds

2.5 Baths

2,197 SqFt

Status Active

MLS # 6750993

Property Type Single Family Residence

Price Type --

Beautiful two-story home for sale! Fall in love with the desert landscaping and the sweet curb appeal. Discover a welcoming living/dining room, high vaulted ceilings, custom paint finishes, soft carpet in the right areas, fire sprinklers, and a cozy family room for intimate gatherings. The eat-in kitchen includes stainless steel appliances, maple cabinets, an island with a breakfast bar, and quartz counters. Upstairs, you'll find a bright loft with access to a balcony! Retreat to the main suite to find a bathroom boasting dual sinks, a glass enclosure shower with dual shower heads, and a walk-in closet. The backyard has a built-in BBQ, fire pit area, covered patio, shade trees, and grass area. This home is sure to sell fast!

View Property

10954 E Tripoli Avenue Mesa, AZ 85212

$785,000

5 Beds

3.5 Baths

3,712 SqFt

Status Active

MLS # 6750341

Property Type Single Family Residence

Price Type --

Big and Beautiful! If you are in need of space in all the right places this is the home for you. When entering the home double doors open up into large office. Primary bedroom is on the main level with a 5 piece bath and massive walk-in closet. Secondary bedrooms are on the second floor with two sharing a jack and Jill bathroom. The additional bedrooms are split from the others with a full bath. Huge Loft separates the bedrooms. The back yard is a kids dream with a sparkling pool. 3 car tandem garage with an additional huge storage area.

View Property

20971 S Hadrian Way Queen Creek, AZ 85142

$785,000

4 Beds

4 Baths

2,865 SqFt

Status Active

MLS # 6725129

Property Type Single Family Residence

Price Type --

Bring your toys- this community allows RV's/Trailers/Boats, etc- Highly sought after Roman Estates in the heart of Queen Creek. Single level layout features 3 bedrooms + den/ 3 full baths, plus an attached casita with separate entrance W/I closet and full bath- perfect for guests or home office. This home includes a formal living / dining room combo with open kitchen & great room with gas fireplace. 42'' upper cabinets, center island, SS Appliances and a breakfast nook. The primary suite features a large walkin closet, separate exit to the back yard- split vanities with makeup counter, shower and large soaking tub. Outside, enjoy the play pool with soothing waterfall, basketball goal, and 2 phase pool pump. New grass back yard with firepit area, large side yard and 72' x 23' paved RV pad with 50 amp plug. The home home features 10' ceiling throughout, central vacuum, surround sound, security system, intercom, sun screens, and soft water loop. Both AC's have been replaced and new exterior paint 6/24. Great location to downtown Queen Creek shops, theaters, and restaurants. Also walking distance to Mansel Carter park with fishing lake, water park, soccer, tennis, baseball, and pickleball. Great Queen Creek school district and easy access to freeways.

View Property

20132 W Colter Street Litchfield Park, AZ 85340

$785,000

3 Beds

3 Baths

2,823 SqFt

Status Active

MLS # 6703854

Property Type Single Family Residence

Price Type --

This custom home with mountain and city views located in Beautiful Arizona Estates. Situated on a generous 1.29 acre lot, providing ample space for outdoor activities w/horse privileges. Natural landscape, front and back. Ample parking, plus a horseshoe driveway. Oversized 3-car garage, (garage has shower and sink). Inspired by an award winning floor-plan, this features 3 large bedrooms and a spacious den with curved window bench. Great room with firelplace (plumbed for propane). A covered patio and fenced front courtyard are ideal spaces for outdoor dining or simply relaxing while enjoying the stunning mountain views. In addition, the property includes a tough shed for extra storage or workspace. Close to local parks, shopping centers, and dining options.

View Property

1410 E Boston Street Gilbert, AZ 85295

$785,000

5 Beds

3.5 Baths

3,432 SqFt

Status Active

MLS # 6736704

Property Type Single Family Residence

Price Type --

Best nice and quiet Spectrum community with a lot of green belts. 5 bedrooms plus loft. New carpet, new paint both inside and outside wall. Kitchen island, Large private pool, extended covered patio. Walking distance to elementary school, around community, there are big shopping centers, Santan Valley big mall, a lot of restaurants, hospital. close to 202 free way.

View Property