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

37408 N 240th Drive Morristown, AZ 85342

$748,000

3 Beds

3 Baths

2,621 SqFt

Status Active

MLS # 6731330

Property Type Single Family Residence

Price Type --

Beautiful Custom-built Santa Fe style home with attached mother-in-law suite. Main home has two bedrooms and two full baths. Open living room-kitchen concept with large kitchen island and granite counter tops. Suite has one-bedroom, full kitchen and full handicap bath. Two car garage is attached to the main house and a gracious one car garage is attached to the suite. Home sits on 1.25 acres of horse property and shares a well with three other 1.25 acre properties. There is a RV pedestal next to home with a 50 amp and a 30 amp receptacle to accommodate two RV's with Sewer connections. Total acreage is fenced and at present, has one horse pen and a 20 ft Connex box for a tack room. Bring your horses and ATV's and enjoy this Arizona property. During construction home was wired for solar and a security system and is ready for final installation of solar panels and security system if desired by Buyer. Seller also has a transferable lease agreement with PHX Internet for a pole located on the SE corner of the property which provides monthly income to the property owner.

View Property

4407 W Waltann Lane Glendale, AZ 85306

$748,000

3 Beds

2 Baths

2,124 SqFt

Status Active

MLS # 6729262

Property Type Single Family Residence

Price Type --

Experience the allure of Sunburst Farms in this spacious 2,000 sq ft single-level home on a generous .83-acre lot. Offering a serene and peaceful retreat. Surrounded by mature shade trees, enjoy relaxing on the large front porch in this quiet haven. The expansive backyard with RV parking provides ample space for outdoor enjoyment. Inside, discover tasteful updates including tile flooring, granite counters, a tile walk-in shower in the primary bath, and large windows that flood the home with natural light and picturesque views. Don't miss this exceptional opportunity!

View Property

3088 E Goldfinch Way Chandler, AZ 85286

$747,900

5 Beds

3.5 Baths

3,469 SqFt

Status Active

MLS # 6735408

Property Type Single Family Residence

Price Type --

Get ready to have your mind blown by this amazing listing - not only does it have one, but TWO master bathrooms! Say goodbye to morning bathroom battles and hello to pure bathroom bliss. But that's not all - with 5 bedrooms, 3.5 baths, and a 3-car garage, this home has plenty of space for all your loved ones. The kitchen is a chef's dream with upgraded cabinets and stunning quartz countertops, while upstairs, a spacious loft and four generously sized bedrooms await. And let's not forget about the downstairs master suite, complete with a glorious bay window, walk-in closet, and dual vanity - perfect for those luxurious self-care routines. But wait, there's more! This home comes with a list of upgrades, including new interior paint, plush new carpet, freshly painted cabinets and updated cabinet pulls for that extra touch of elegance. And outside, the professionally landscaped yard will make you feel like you're living in your own private oasis. Don't wait any longer - come see this must-see property before it's snatched up by someone else. Trust us, you don't want to miss out on this gem of a home.

View Property

347 E Bracciano Avenue Queen Creek, AZ 85140

$747,881

2 Beds

2 Baths

1,882 SqFt

Status Active

MLS # 6716802

Property Type Single Family Residence

Price Type --

Indulge in the epitome of refined living with this exquisite 2 bed, den, 2 bath home, boasting over 1,882 sq. ft. of luxury and elegance. From the moment you step inside you'll notice this Refresh plan has detail found throughout. The heart of the home is a culinary enthusiast's dream - a gourmet kitchen that exudes sophistication with its pristine white cabinets and an impressive array of high-end stainless steel appliances. Whether you're whipping up a quick breakfast or preparing a lavish feast, this kitchen is sure to inspire your inner chef. The thoughtfully upgraded baths elevate your daily routine to a spa-like experience, featuring tasteful finishes and modern fixtures. Imagine unwinding in the serene ambiance of your master bath after a long day. This home is ready for you!

View Property

2045 Bella Vista Loop Williams, AZ 86046

$747,500

4 Beds

2.5 Baths

2,049 SqFt

Status Active

MLS # 6669032

Property Type Single Family Residence

Price Type --

New luxury homes on 5-12 Acres. SELLER TO BUY DOWN BUYERS INTEREST RATES. Bring your rustic side to this modern ranch-style, 4 bedroom retreat set on Coconino acreage. The ''Hillcrest'' base model features a spacious 2049 sq ft floorplan with split bedrooms divided by the kitchen/living area. The open living room & kitchen has a large waterfall island, tile backsplash & a walk-in pantry. Features also include dual paned windows, an extended length 3-car garage & large covered back patio. Red Lake Mountain Ranch is a gated paradise placed between Williams and the Grand Canyon National Park. Subdivision covers 320AC, 54 unique home sites from 5 to 12 acres, each with its distinctive terrain and panoramic views. 5000 Gallon Cistern. Owner/Agent Listing. Legal Desc. to be confirmed by title.

View Property

10260 E White Feather Lane Unit 2059 Scottsdale, AZ 85262

$747,500

2 Beds

2 Baths

1,646 SqFt

Status Active

MLS # 6744706

Property Type Townhouse

Price Type --

Just AMAZING Ridge at Troon North townhome is move in ready and waiting for your winter enjoyment! Home is right on the golf course with Pinnacle Peak VIEWS as an added bonus! Desirable open floor plan with 2 bedrooms, den/office (complete with french doors) and 2 bathrooms. Kitchen has stainless appliances, granite counters and a quaint breakfast area that overlooks the course. Spacious primary suite w/ walk in closet, tile & glass enclosed shower, double sinks and a separate soaking tub. Oversized laundry room with a special closet for your golf clubs. 2 car epoxy coated garage! All this plus a new HVAC unit. Looking for a move in ready home? This is it as furniture is available as well. Lovely, heated community pool and spa and fitness center just a short walk away. With this high level of value for the price and in such a desirable area, this won't last long!

View Property

20948 E Arrowhead Trail Queen Creek, AZ 85142

$747,000

5 Beds

4 Baths

3,161 SqFt

Status Active

MLS # 6728779

Property Type Single Family Residence

Price Type --

Welcome to Terravella! Your new home has carefully selected upgrades that include wood plank tile floors, leading you to the panoramic view of the back yard through a beautiful set of sliding glass doors. Lush turf and privacy from the absence of rear neighbors, create an amazing indoor/outdoor living space. This floor plan provides 5 generous bedrms, 4 baths, and large loft. The primary suite is located on the first level, as well as one additional bedroom and bathroom for guests. The gourmet kitchen offers quartz countertops, designer cabinets, walk in pantry, and separate prep space. Conveniently located to essential amenities, such as shopping, entertainment, a newer Costco, with freeway access nearby. And you will be able to celebrate the end of your day with a round of pickleball!

View Property

21714 E Caldwells Court Queen Creek, AZ 85142

$747,000

4 Beds

3 Baths

2,569 SqFt

Status Active

MLS # 6747983

Property Type Single Family Residence

Price Type --

Step into luxury living with this exquisite Lennar Oracle floorplan nestled within the prestigious Hastings Farms community. Built in 2019, this stunning residence offers a unique blend of elegance and functionality. Situated on a prime cul de sac lot, this home boasts a desirable location across from not one, but two parks. As you enter, be greeted by the impeccable craftsmanship and attention to detail that define this home. The main residence features a bright and open layout, highlighted by white shaker cabinets, stainless steal appliances, and beautiful wood like plank tile that complement the modern aesthetic. Pride of ownership is very prominent in this home. The casita, complete with a separate entrance, offers a private retreat for guests or multi-generational living. The casita is truly a gem, featuring a full kitchen, laundry facilities, and a cozy living space. It offers the perfect balance of independence and proximity to the main house. Escape to the private raised back patio, ideal for enjoying quiet mornings or watching the sunset. The dog run provides a safe space for your furry friends to roam and play. But the crown jewel of this property is the sparkling pool, a focal point for relaxation and entertainment. Recently maintained to perfection, the pool was drained, sandblasted, and had its filters replaced, ensuring a pristine experience for years to come. Imagine lounging by the poolside on a warm summer day, surrounded by the tranquility of your own backyard oasis. This home is an entertainer's dream, offering seamless indoor-outdoor living and ample space for gathering with loved ones. Whether you're hosting a barbecue or enjoying a quiet evening under the stars, this residence provides the perfect backdrop for every occasion. Don't miss this exceptional opportunity to own a piece of paradise in Hastings Farms.

View Property

2585 W Pinto Place Wickenburg, AZ 85390

$747,000

3 Beds

2 Baths

2,067 SqFt

Status Active

MLS # 6730137

Property Type Single Family Residence

Price Type --

STUNNING SADDLE RIDGE home on approximately 1.6 Acres with NO HOA! This home features NEW HVAC in 2023, Newer CUSTOM POOL, Block Wall, Landscaping & Pavers in 2018, Newer Master Bath in 2020, Soft water/Reverse Osmosis in 2018, New fans in 2022, New Refrigerator, Stove & Faucet in 2022. Entering the front door you will be greeted with Stunning Vaulted Ceilings & a separate Den/Office. The well appointed kitchen features an abundance of solid wood cabinets, SS appliances, granite counters which seamlessly merges to the open Family & Dining room. The Master Suite includes New Carpet, Master Bathroom incudes a extensive walk in shower, DBL sinks, and spacious walk in closet. Make many memories in the Beautiful Landscaped Backyard & SPARKLING Pool that is perfect for Relaxing & Entertaining

View Property

26413 N 22nd Drive Phoenix, AZ 85085

$746,504

4 Beds

3.5 Baths

2,518 SqFt

Status Active Under Contract

MLS # 6747959

Property Type Single Family Residence

Price Type --

Move in ready home! Our Harmony Plan 492 does not disappoint! Offering 4 bedrooms (with one downstairs), 3.5 baths, and a 3 car tandem garage. Gourmet kitchen is open to the great room with quartz countertops, GE Stainless and Black appliances including gas cooktop, hood, wall micro/oven, and dishwasher. Upstairs, you'll find a family loft area, an expansive owner's suite with a sitting area, 2 secondary bedrooms, and 2 bathrooms. The Retreat collection at Union Park features multiple parks, community pool, and rec center. Conveniently located with quick access to schools, shopping, restaurants, all the conveniences of urban living.

View Property

4107 W Thurman Drive Laveen, AZ 85339

$746,490

4 Beds

3 Baths

3,024 SqFt

Status Active

MLS # 6753209

Property Type Single Family Residence

Price Type --

PHOTOS ARE OF MODEL HOME! Our beautiful Evolution plan features our Home within a Home including a large open great room, and has luxury Platinum features such as Chef Kitchen, Quartz counter tops , Sonoma Cherry Slate cabinets, and Super Luxury 8 x 36 plank tile flooring. This beautiful home has 4 bedrooms plus a study, 3 baths, 3 car garage. A copy of the public report is available on the Arizona Department of Real Estate's website.

View Property

21244 W Mariposa Street Buckeye, AZ 85396

$746,161

3 Beds

3 Baths

2,256 SqFt

Status Active

MLS # 6723430

Property Type Single Family Residence

Price Type --

This NEW CONSTRUCTION,TO BE BUILT HOME is located in the gated community of HIGHLANDS AT VERRADO, and sits right at the base of the White Tank Mountains. Enjoy going to the design center and customizing all of your interior finishes to truly make this home yours! You will not find a more desirable lot! Come visit our model home for more information.

View Property