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

4801 E Nisbet Road Scottsdale, AZ 85254

$746,000

3 Beds

2 Baths

1,750 SqFt

Status Active

MLS # 6754693

Property Type Single Family Residence

Price Type --

Seller may consider buyer concessions if made in an offer. Introducing a stunning property that boasts a multitude of sought-after features. The interior shines with a fresh neutral color paint scheme, enhancing the ambiance of the home. The primary bedroom comes complete with a walk-in closet and a bathroom fitted with double sinks. The kitchen is a chef's dream with a center island, accent backsplash, all stainless steel appliances. The living room features a cozy fireplace, perfect for cooler evenings. Step outside to a fenced-in backyard, complete with a private in-ground pool and a patio, ideal for outdoor entertaining. With a new roof, this home is ready for you to make it your own. Don't miss out on this gem!

View Property

4032 E Earll Drive Phoenix, AZ 85018

$745,500

3 Beds

3 Baths

2,015 SqFt

Status Active

MLS # 6736069

Property Type Single Family Residence

Price Type --

Seize the opportunity to transform this ARCADIA-OSBORN, north facing, gem into your dream project. Move in and renovate, or an opportunity to build new in one of the most desired zip codes convenient to local dining, great shopping, entertainment, airport and Scottsdale schools. Arcadia is known for scenic views and proximity to the best Phoenix has to offer. Booming area with many remodels and flips.

View Property

13544 W Phacelia Lane Peoria, AZ 85383

$745,073

4 Beds

3.5 Baths

2,769 SqFt

Status Active

MLS # 6740320

Property Type Single Family Residence

Price Type --

The 2,769 sq. ft. Forest floorplan offers delightful space and styles with thoughtful features to complement all your activities. The immense, open-concept living area has a designer kitchen with walk-in pantry, a dining nook and a huge Great Room overlooking the covered patio. The owner's suite has 2 walk-in closets, a private bath and walk-in linen closet. Bedrooms 2 and 3 have their own walk-in closets. Bedroom 4 is separate, with its own en-suite bathroom and walk-in closet — perfect for live-in relatives or visiting guests. The 3-car garage has plenty of space, and the owner's entry has a handy stop-and-drop area next to the large laundry room. The community offers a unique mountainside location with close proximity to great shopping, dining and entertainment options.

View Property

3633 E Sparrow Place Chandler, AZ 85286

$745,000

5 Beds

3 Baths

3,430 SqFt

Status Active

MLS # 6757294

Property Type Single Family Residence

Price Type --

Welcome to this stunning 5 bedroom, 3 bathroom recently fully remodeled 2 years ago including new appliances house in south Chandler, AZ. This spacious 3,500 square foot home features a large formal living room with an 18ft ceiling, a kitchen open to the family room with granite countertops, cherry wood cabinets, and LG stainless steel appliances. The house boasts a bedroom and full bath downstairs, as well as a loft, office/study area with built-in desk, and a large master bedroom with an extended balcony. Enjoy the convenience of a gas range with convection & AirFry, top control smart dishwasher, LG smart washer and dryer, and epoxy flooring in the garage. With modern finishes, natural lighting, and a large backyard with an oversize patio, this home is perfect for those looking for a spacious and updated living space in a prime location. Don't miss out on this opportunity to make this house your new home!

View Property

1312 E Via Sicilia Road San Tan Valley, AZ 85140

$745,000

4 Beds

3 Baths

2,944 SqFt

Status Active

MLS # 6757700

Property Type Single Family Residence

Price Type --

Experience the perfect harmony of luxury and savings with this exquisite home, featuring owned 10.4kW solar panels for instant energy cost reductions. Nestled on over 1/3 acre in an exclusive gated community, this corner lot property exudes privacy and tranquility. Inside, two spacious den areas offer ample room for entertaining, while the gourmet kitchen, complete with a gas range and expansive island, elevates both everyday dining and special gatherings. Outside, unwind in the serene backyard oasis under the pergola, surrounded by the sweet fragrance of citrus trees. Luxury living has never been this efficient!

View Property

2622 W Calle Del Norte -- Chandler, AZ 85224

$745,000

4 Beds

2.5 Baths

3,144 SqFt

Status Active

MLS # 6753171

Property Type Single Family Residence

Price Type --

DON'T MISS OUT!!! Welcome to your dream home. This beautifully remodeled home right across from Amberwood park blends classic charm with modern conveniences, offering a perfect sanctuary for comfortable living. Situated in a serene neighborhood. Enter to a welcoming living room w/fireplace and a formal dining room w/elegant chandelier, featuring Luxury vinyl flooring. Vaulted ceilings, complemented by abundant natural light. Check out the backyard with a sparkling pool & spa for year-round enjoyment! With 3-car garage and a big loft, this beautiful home has plenty to offer

View Property

4275 S Las Villa Way Gold Canyon, AZ 85118

$745,000

2 Beds

2 Baths

2,452 SqFt

Status Active Under Contract

MLS # 6741178

Property Type Single Family Residence

Price Type --

Welcome to your exquisite Gold Canyon retreat! This well-cared-for home features 2 spacious bedrooms, a versatile den, and a 3-car garage, providing ample space for all your needs. The inviting courtyard sets the tone for the elegant interior. The backyard is an entertainer's paradise, complete with a sparkling pool, relaxing spa, and a built-in kitchen. Gather around the cozy gas fire pit or enjoy a friendly game on your private putt-putt golf course. Home features newer HVAC, heated pool. With views of the Superstition Mountains, this home seamlessly blends luxury, comfort, and outdoor fun, offering an idyllic escape in a stunning setting.

View Property

492 W Redwood Lane Pinetop, AZ 85935

$745,000

3 Beds

2 Baths

1,793 SqFt

Status Active

MLS # 6752566

Property Type Single Family Residence

Price Type --

Discover your fully furnished dream home, built in 2021 and nestled in the serene Top of the Woods community. This contemporary residence offers a blend of high-end features and thoughtful design elements, ideal for modern living. The home is bathed in natural light through tinted dual pane windows, adorned with elegant Norman Shades for privacy and energy efficiency. Stay cozy by the gas fireplace on chilly evenings, and enjoy peace of mind with a powerful 22 KW backup generator. The expansive kitchen is a chef's paradise, featuring a large island with a butcher block countertop, a farmhouse sink, a gas range, and soft-close cabinets and drawers. The luxurious bathrooms boast granite vanities and beautifully tiled showers for a spa-like experience The spacious garage comes equipped with metal storage cabinets, providing ample space for all your toys and storage needs. Modern conveniences include a tankless water heater and composite decking on both the front and back decks. Relax or entertain on the spacious covered back deck, surrounded by the beauty of tall pine trees. Experience contemporary living in a tranquil setting. Call today for your visit and make this exquisite Top of the Woods home your own!

View Property

4331 E Campbell Avenue Phoenix, AZ 85018

$745,000

3 Beds

2 Baths

1,437 SqFt

Status Active

MLS # 6722879

Property Type Single Family Residence

Price Type --

This lovely home is perfectly located on a corner lot in the heart of Arcadia. You'll love the sense of peace from the mountain views of Camelback Mountain and Piestwa Peak. Charming three-bedroom, two-bathroom home with recent upgrades; third bedroom ideal as an office or den. The neighborhood makes it even more special w/ hiking, biking, restaurants & Scottsdale Schools!

View Property

719 W Kings Avenue Phoenix, AZ 85023

$745,000

4 Beds

2.5 Baths

3,173 SqFt

Status Active

MLS # 6726154

Property Type Single Family Residence

Price Type --

Back on the Market! This 4-bedroom, 2.5-bathroom home, meticulously maintained by the original owners, combines luxury and comfort on a desirable corner lot. The bright, open floorplan features vaulted ceilings and new luxury vinyl plank flooring. The spacious living areas flow effortlessly, perfect for relaxation and entertaining. The kitchen offers ample counter space and an eat-in dining area. Upstairs, enjoy a versatile loft space ideal for an office, playroom, or extra lounge area. The master suite is a private retreat with an en-suite bathroom. Outside, a diving pool, travertine patio, and safety pool net complete this beautiful backyard. Don't miss this opportunity!

View Property

5444 E Virginia Avenue Phoenix, AZ 85008

$745,000

3 Beds

2 Baths

1,519 SqFt

Status Active

MLS # 6754127

Property Type Single Family Residence

Price Type --

Welcome to 5444 E Virginia Ave, a stunning home nestled in the heart of Phoenix, AZ. This beautifully maintained property offers a perfect blend of modern upgrades and classic charm, making it ideal for those seeking comfort, style, and convenience. Situated on a spacious lot, this home features 3 bedrooms and 2 bathrooms, The open-concept living area flows seamlessly into the upgraded kitchen, boasting recently upgraded appliances, granite countertops, and plenty of cabinet space for all your culinary needs. Large windows flood the home with natural light, creating a warm and inviting atmosphere. New HVAC system installed 2023, roof replaced 2022 with 5 year warranty. Great outdoor space with covered patio and inviting firepit to fully enjoy the beautiful Arizona nights.

View Property

43127 N 14th Street New River, AZ 85087

$745,000

5 Beds

3 Baths

2,526 SqFt

Status Active

MLS # 6751802

Property Type Single Family Residence

Price Type --

Gorgeous New River Home with over $50k in upgrades!! Beautiful rustic home with large lot and dramatic mountain landscapes! Walk into the entrance by a draw bridge across true desert landscape into the front door you will notice the fireplace in the Great room overlooked by the expansive kitchen with full appliances. Tile throughout except master & 3 bedrooms. The master is split from 3 other bedrooms and features 1 bedroom with its own detached full bath, optional for guest use. All appliances included! The backyard is fully block fenced with an RV gate. Well is shared between & each individually metered, located on the corner of the property. Solar typically covers 10 months of electric bill for the year with 5 people use! The other 2 mo approx. $30 per mo. Come see for yourself!

View Property