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

13552 W Phacelia Lane Peoria, AZ 85383

$779,107

4 Beds

3.5 Baths

3,070 SqFt

Status Active

MLS # 6740330

Property Type Single Family Residence

Price Type --

The 3,070 sq. ft. Mint is a stylish design that's a true breath of fresh air, arranged around an inviting, central courtyard on the way into the foyer. Upon entering, you see the spacious Great Room, connected to the open-concept dining and kitchen area, looking out toward the covered patio. The owner's suite occupies the rear corner and has a huge walk-in closet past its private bath. Another wing of the home features 3 bedrooms with walk-in closets arranged around a teen retreat room (optionally, a 5th bedroom). The owner's entry has a stop-and-drop area to keep things organized. The community offers a unique mountainside location with close proximity to great shopping, dining and entertainment options.

View Property

8474 W Switchback Trail Casa Grande, AZ 85194

$779,000

4 Beds

2.5 Baths

2,768 SqFt

Status Active

MLS # 6730240

Property Type Single Family Residence

Price Type --

MAGNIFICENT MOUNTAIN VEWS SURROUND THIS IMPRESSIVE CUSTOM 4BR HOME! Beautiful landscaping with extensive paver walkway & driveway greet you when you arrive. State of the art gourmet kitchen w/upgraded appl. pkg. refrigerator, huge breakfast bar, boundless counter space, spacious dining area, walk in pantry plus built in wine rack w/separate beverage refrigerator. Split BR plan, Master bath boast free standing tub, separate tile shower, Custom DBL vanity & mirrors plus enormous walk in closet. 2nd & 3rd BR's share a Jack & Jill bath w/ DBL vanity that has a private tub/shower. 4th BR also has a half bath. Enjoy the 10 ft. coffered ceilings, recessed lighting, granite counters, custom paint & gorgeous tile flooring T/O. You will love the full length covered back patio & beautiful views

View Property

6850 E Mcdowell Road Unit 72 Scottsdale, AZ 85257

$779,000

3 Beds

3 Baths

2,101 SqFt

Status Active

MLS # 6738650

Property Type Townhouse

Price Type --

Welcome to luxury living at its finest in the highly sought-after gated community of AIRE on McDowell, nestled in the heart of Scottsdale. This stunning 3 bed, 3 bath townhome, an end unit with prime views of the community amenities, offers the perfect blend of elegance and convenience. Step outside to enjoy 3 distinct outdoor spaces, including a private rooftop deck where you can relax with sunset views and take in nearly 360-degree panoramas of the surrounding mountains and cityscape. There is also a covered balcony extending from the main living area and a serene private patio off the bonus room. Inside, the open floor plan is perfect for both entertaining and everyday living. The gourmet kitchen is equipped with top-of-the-line appliances, including a built-in refrigerator and gas range, complemented by high-end countertops and upgraded cabinets. The second floor features 10ft ceilings, upgraded tile, and high-end finishes, along with a unique wrap-around balcony and a powder room. Residents of AIRE enjoy an array of amenities, including a heated pool and spa for year-round relaxation, an outdoor kitchen with a grill for al fresco dining, and a state-of-the-art fitness center to stay active without leaving home. Conveniently located, this townhome is just moments away from the vibrant attractions of Old Town Scottsdale, the lively ambiance of Tempe, and a plethora of dining and shopping venues to explore at your leisure.

View Property

6505 E Night Glow Circle Scottsdale, AZ 85266

$779,000

2 Beds

2 Baths

1,427 SqFt

Status Active

MLS # 6717639

Property Type Single Family Residence

Price Type --

THIS IS A FURNISHED UNIT BEING SOLD AS TURN-KEY-Come and enjoy the Terravita lifestyle. This guard gated community is loaded with amenities, heated pool/spa, clubhouse, tennis courts, fitness center and pickleball courts and great dining. Perfectly updated 2 bed/2 bath with open great room spacious and bright with views to the north with a south backyard. All newer appliances and newer furnishings included. Relax in backyard with covered patio & spa and BBQ. Highly desired community, interior lot ,and very quiet. Enjoy Arizona and all of the Terravita Country Club amenities and fabulous sunsets.

View Property

23024 W Sierra Ridge Way Wittmann, AZ 85361

$779,000

5 Beds

4 Baths

3,155 SqFt

Status Active Under Contract

MLS # 6692185

Property Type Single Family Residence

Price Type --

THIS MOVE IN READY PROPERTY HAS IT ALL! A beautiful balance of urban and rural living. Located on a one acre lot this home has plenty of room to spread out and store all your outdoor toys and accessories. This floor plan includes a guest suite, Jack and Jill bathrooms, and an office or formal dining room. In the kitchen is a chef's paradise with LOTS of counter space, luxury cabinetry, and room to add a mobile island if desired. Enjoy the Arizona summer from the GORGEOUS private pool or poolside ramada that is equipped with electricity. Owned solar means reduced electric bills and sustainability. This home will leave nothing to be desired!!

View Property

1401 W Ocotillo Road Phoenix, AZ 85013

$779,000

4 Beds

3.5 Baths

2,615 SqFt

Status Active

MLS # 6694300

Property Type Single Family Residence

Price Type --

Welcome to your dream home! Nestled in a prime location near Uptown Phoenix, this stunning 4-bed, 3.5-bath property is a true gem. The wood paneling ceiling with exposed wood beams adds a rustic charm that sets this home apart. The kitchen is a chef's delight, featuring pristine white cabinets, stainless steel appliances, gorgeous granite countertops, a subway tile backsplash, a center island, and a breakfast bar for additional seating. The exterior was recently painted with over 75k in upgrades inside! Don't miss the opportunity to call this stunning property your new home.

View Property

4249 E Sagebrush Street Gilbert, AZ 85296

$779,000

4 Beds

3 Baths

2,524 SqFt

Status Active

MLS # 6722988

Property Type Single Family Residence

Price Type --

PREMIUM lot and UPGRADES in this popular Revolution NextGen floorplan. Situated next to the community pool, greenbelt and open space with no neighbors behind this is an opportunity to enjoy all of the Warner Meadow amenities. Features include: granite countertops, stainless steel appliances, attached guest suite complete with kitchen, laundry and separate entrance. Backyard has pavers, synthetic grass and covered patio. One of Lennar's finest. Welcome home to Warner Meadow!

View Property

19626 N Echo Rim Drive Surprise, AZ 85387

$779,000

3 Beds

3 Baths

2,810 SqFt

Status Active

MLS # 6732464

Property Type Single Family Residence

Price Type --

Hampton overlooks the 12th green at Cimarron Golf course and offers stunning fairway and mountain views in every direction. The gourmet kitchen boasts granite counters, a 5-burner gas stove, pull-out shelves, stainless steel appliances, water filter system. The house has designer paint and 18-inch neutral tiles laid diagonally. The estate home has great curb appeal with a paver-lined driveway and a front courtyard wall. You can step out to expansive golf course views from a huge, covered patio, which is perfect for entertaining and includes a stainless-steel grill. The spacious master bedroom has French doors leading out to the patio. The house also has a 3-car garage with storage cabinets, a soft water system, and a vacation mailbox. UV Windows 2021. All this house is missing is you

View Property

6923 W Spur Drive Peoria, AZ 85383

$779,000

3 Beds

3 Baths

2,357 SqFt

Status Active

MLS # 6674777

Property Type Single Family Residence

Price Type --

Nestled in the beautiful North Peoria locale, this smart home boasts $100,000 in upgrades, offering a blend of elegance and modern convenience. Upon entry, you'll find a seamlessly integrated smart system enhancing daily living. The gourmet kitchen stands out with its sleek stainless steel appliances and a 10-foot by 4-foot island featuring a stunning waterfall quartz countertop. Equipped with a farmhouse sink, wine refrigerator, and soft-close cabinet drawers, this kitchen combines style and functionality seamlessly. The 9-foot ceilings and 8-foot panel doors throughout create an open, spacious feel, complemented by plantation shutters in the living area and flex room. Enjoy cinematic experiences with the built-in surround sound system and Cat 5 wiring. The master suite offers a tranquil retreat with a spacious walk-in shower and closet, while an additional bedroom features an ensuite for guests or family members. Outside, the front and back yards feature finished pavers and artificial turf for easy maintenance, along with a patio for outdoor entertaining. The 2-car garage with extension provides ample space for vehicles or doubles as a workshop area. Outlets under the eaves simplify holiday light decoration. Conveniently located near shopping, dining, and major highways, this home offers luxurious living in a prime North Peoria location. Welcome home!

View Property

1830 E La Salle Road Phoenix, AZ 85086

$779,000

4 Beds

3.5 Baths

2,584 SqFt

Status Active

MLS # 6757624

Property Type Single Family Residence

Price Type --

Nestled in the stunning Arizona desert, this gorgeous single-level 4-bedroom, 3.5-bathroom, 2584 sq ft home offers a rare blend of charm and modern convenience on a sprawling 1.67-acre lot. Boasting a 4-car garage and a 1,277 sq. ft. Quonset hut, the solar panels are owned outright and offer energy efficiency and long-term savings. This property has everything you need for comfort and space. Step inside and be greeted by warm Saltillo tile and coated concrete floors. The smooth concrete kitchen counters add a sleek, modern touch, while the split floor plan offers functionality and privacy. The welcoming foyer leads into a formal dining room and a cozy living room with a gas fireplace—perfect for entertaining or relaxing. The primary suite is a serene retreat, complete with a private exit to the covered patio and backyard, a spacious walk-in shower, a separate tub, and generous closet space. The split floor plan places two secondary bedrooms on the opposite side of the home, each with its own bathroom for added convenience. A well-equipped laundry room with a utility sink adds practicality. Outside, enjoy the expansive paver-covered patio, an ideal space for entertaining guests or simply soaking in the beauty of the desert surroundings. With ample room for all your toys, this property is perfect for those seeking space and freedom. Located just minutes from hiking and riding trails, this home offers the perfect balance of peaceful desert living with easy access to outdoor adventures. Come and experience the warmth and charm of this unique home!

View Property

1930 N Haiden Lane Willcox, AZ 85643

$779,000

3 Beds

2 Baths

2,432 SqFt

Status Active

MLS # 6755059

Property Type Manufactured Home

Price Type --

Discover your serene haven in this picturesque 14-acre pecan orchard, complete with a cozy manufactured home, private well, and an incredible yard including a delightful splash pad. Whether you're dreaming of expanding your agricultural pursuits or seeking a peaceful retreat with modern amenities, this property offers the perfect blend of rural charm and convenience. Property Features: Location: Serenely nestled on 16 acres of fertile land, ideal for cultivating pecans and enjoying the countryside only 2.5 miles from Interstate 10 and the city center of Willcox. Pecan Orchard: 14 acres of pecan trees planted in 2016 and 2021, providing aesthetic beauty and an anticipated 500-1000lbs/acre of income-producing harvest beginning this fall. Orchard Equipment: 2007 LS 5055 Tractor with self-leveling front loader - 55 HP - 380 hours. 1997 Toro 580D Groundsmaster 16 ft. mower. Two Private Wells: 6-inch domestic well, drilled in 2008 with a 12,000 gallon water storage tank and a 3HP booster pump. 8-inch irrigation well drilled in 2019. Manufactured Home: A well-maintained residence offering modern comforts and a relaxing atmosphere. Open Living Spaces: The interior boasts an open floor plan that seamlessly connects the living room, dining area, and kitchen, ideal for gatherings and everyday living. Kitchen: Fully equipped with modern appliances, ample counter space, and a breakfast bar for casual dining. Master Suite: A spacious master bedroom with a 10x10 sitting area, and an en-suite bathroom, complete with a soaking tub and separate shower. Additional Bedrooms: Two additional bedrooms, perfect for family members or guests, each with ample closet space and natural light. Scenic Views: Enjoy stunning views of the surrounding pecan orchard from almost every room in the house. Expansive Porch: The highlight of the home, a 21 x 72 metal porch ideal for relaxing and entertaining, overlooking the picturesque pecan orchard. Outdoor Oasis: Adjacent to the porch, a nearby splash pad provides a refreshing recreational space and doubles as a pickle ball, volleyball, and basketball court. Beyond the porch, the property offers a landscaped yard with potential for gardening or outdoor activities. Fenced Front Yard: A privacy fenced-in front yard with lush grass and a patio area, perfect for outdoor relaxation and safe play. Storage Container: 40 foot Conex box attached to the carport. Small storage shed adjacent to the Conex box. Two- Acre Area in Back of Property: Perfect space for building a custom home, or constructing an arena and hay barn. Property is zoned agricultural and is an active participant in NRCS EQuip program and with USDA.

View Property

36922 N 17th Place Phoenix, AZ 85086

$779,000

3 Beds

3 Baths

2,315 SqFt

Status Active

MLS # 6727547

Property Type Single Family Residence

Price Type --

SELLER IS OFFERING UP TO $10,000 CONCESSIONS. 1+ prime acres nestled in quiet neighborhood with no thru access-total privacy. Add a detached shop, horse stables, corrals, pool and more. 2 RV gates provide easy access for your RV, boat, & trailers. RV hookup & drain. Pomegranate, Fig, Lemon & Lime trees too! Courtyard entry w/custom gate & paver patio. 3-bedrooms - all ensuites w/jetted tub in Primary Bath. Bonus room gives you a gym, office, art studio, or dream closet. Large eat-in kitchen with Induction drop-in, 2 Convection Ovens, & tons of cabinets and counters. Newer dual-pane Andersen windows, R410a 5-ton and 2.5-ton mini-split keep your new home cool in the summer. Water Softener, Smart watering system & irrigation lines throughout. House is on city water- Don't miss this house!

View Property