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

12372 W Trumbull Road Avondale, AZ 85323

$699,890

5 Beds

4.5 Baths

3,839 SqFt

Status Active

MLS # 6696585

Property Type Single Family Residence

Price Type --

FORMER MODEL HOME in the master planned community of Alamar w/tons of DESIGNER UPGRADES throughout! FANTASTIC curb appeal w/paver driveway, stone columns + full landscaping! Great room w/multi-slide doors opens to extended covered patio! GOURMET kitchen w/BEAUTIFUL maple cabinets, stone countertops, tiled backsplash, gas range + stainless appliance suite! PRIVATE primary bedroom w/ensuite bath w/shower + soaking tub! Head upstairs to 3 more beds/2 baths + LOFT! Floor plan works great for multi-family living! SUPER laundry! Step outside to the fully landscaped back yard OASIS w/pergola, faux grass, pavers + built-in FIRE PIT!! SO many upgrades! Located in Alamar w/LAKE, pool, splash pad, parks, pickleball, tennis, basketball and MORE! Views of Estrella Mountain Regional Park! WELCOME HOME!

View Property

26457 S 231st Way Queen Creek, AZ 85142

Open House

$699,839

5 Beds

4.5 Baths

3,291 SqFt

Status Active

MLS # 6673357

Property Type Single Family Residence

Price Type --

This is a brand new Quick Start Home under construction in Queen Creek, with a Spanish elevation. 3 bed, 2 bath, plus den. Stainless Steel Gourmet Whirlpool kitchen appliances include 36'' gas cooktop, stainless chimney hood, built-in microwave and oven, and dishwasher. White 42'' cabinets and upgraded wood-look tile and carpet. 12 ft center slide at great room. Move in anticipated for July/August. Please ask about our special financing incentives.

View Property

3738 N 12th Street Phoenix, AZ 85014

$699,824

3 Beds

3.5 Baths

1,824 SqFt

Status Active

MLS # 6756890

Property Type Single Family Residence

Price Type --

Welcome to this beautifully remodeled adobe home, originally built in 1938. Located in Idylwilde Park. With 1,824 square feet of thoughtfully designed living space, this residence features an open floor plan with stunning wood floors. The gourmet kitchen, with Quartz countertops and a large island, flows effortlessly into the living room, it's perfect for Entertaining. At the center of the home is a peaceful courtyard, bringing the outdoors in with a unique hallway of windows and doors that allows for plenty of natural light. The home boasts 3 en-suite Bedrooms and a Powder room providing plenty of comfort and privacy. Your Primary en-Suite Bedroom features a Spa-Like bathroom, and walk-in Closet. A two-car garage and direct access to a private community park and pool is just out back.

View Property

7120 E Kierland Boulevard Unit 309 Scottsdale, AZ 85254

$699,777

1 Bed

1 Bath

773 SqFt

Status Active

MLS # 6725743

Property Type Apartment

Price Type --

Opulence. That's the word that most comes to mind when considering this open-air condominium. Located in the heart of North Scottsdale within steps of world-class shopping and dining at Kierland Commons and Scottsdale Quarter, this 771 square-foot condominium offers 1 bedroom and 1 bath. Plus, you'll have access to beautiful amenities including a lobby coffee bar, vertical landscape, indoor basketball court, rooftop pool, virtual golf, BBQ grills, onsite gym, sauna, and steam rooms. And let's not overlook that amazing view! Inside, you'll find a thoroughly modern feel with an abundance of light filling each room. In fact, the living area has windows and a wraparound balcony, bringing the outdoors inside.

View Property

17838 E Mews Road Queen Creek, AZ 85142

$699,700

4 Beds

3 Baths

2,224 SqFt

Status Active

MLS # 6732857

Property Type Single Family Residence

Price Type --

Welcome to this exceptional horse property on a sprawling 1.4-acre lot! You're greeted by a charming front porch perfect for morning coffee. The living room features a neutral palette, blinds for privacy, & durable tile flooring. The eat-in kitchen comes w/ granite counters, ample wood cabinetry, a subway tile backsplash, built-in appliances, & a center island for additional prep space. The main bedroom boasts wood flooring & a private bathroom. You'll also find guest quarters w/ separate access, a kitchen, & a cozy living area, ideal for visitors or as a rental opportunity. Outside, the backyard offers a covered patio & a refreshing pool for endless summer fun. The property comes with a barn/workshop too! Don't miss out!

View Property

578 E Las Puertas Lane Queen Creek, AZ 85140

$699,520

2 Beds

2.5 Baths

2,180 SqFt

Status Active

MLS # 6600560

Property Type Single Family Residence

Price Type --

Welcome to the extraordinary Genova plan - a showcase of luxury and thoughtful design. Step inside and be greeted by a sprawling and functional layout, featuring a huge gourmet kitchen that offers convenience and ample storage. This home is designed with your comfort in mind, ensuring that every aspect complements your lifestyle. Every inch of this residence has been meticulously upgraded.....from high-end fixtures to premium materials, no detail has been spared. A few upgrades include the expanded guest room, gourmet gas appliances and all landscaping included. Book your tour today and start living the good life at Encanterra!

View Property

12931 W Luchana Drive Litchfield Park, AZ 85340

$699,500

5 Beds

3.5 Baths

4,659 SqFt

Status Active

MLS # 6749803

Property Type Single Family Residence

Price Type --

This impressive 5-bedroom, 3.5-bathroom two-story home is located in an exclusive gated community and sits on a sprawling 11,200 sq ft lot. Offering an expansive 4,659 sq ft of living space, the home features two fireplaces, a family room, and a great room, and an in-law/guest suite. Recent upgrades include brand-new flooring in 2024, a new HVAC system in 2018 and hot water heater in 2022. The completely remodeled kitchen is equipped with all new appliances in 2024 and includes pull-outs in cabinets and a kitchen island. The primary bedroom has a double sided fireplace, cozy sitting area, full length balcony and an extra-large double sided bathroom with split walk-in closet. Upstairs, there is a large loft that overlooks the great room and front entryway. The home is filled with natural light through dual-pane windows and is enhanced by vaulted ceilings, adding to the inviting ambiance. The property also includes a 4-car garage with Added storage space in garage with built-in cabinets. Don't miss your chance to own this stunning home!

View Property

4529 E Brilliant Sky Drive Cave Creek, AZ 85331

Open House

$699,500

4 Beds

2 Baths

2,241 SqFt

Status Active

MLS # 6738748

Property Type Single Family Residence

Price Type --

Move right into this beautifully updated 4-bedroom, plus den, single story home. With vaulted ceilings and an open floor plan, the living areas are bright and spacious. The gourmet kitchen boasts granite countertops and plenty of storage. Enjoy ultimate privacy in the grand backyard oasis, featuring a sparkling pool, covered patio and pool house, all perfect for entertaining. This home is the epitome of style and comfort, offering a seamless indoor-outdoor living experience in a prime location. NEW A/C 2024, Exterior paint 2024, Pool pump 2023, water heater 2022, updated plumbing inside and out with mature landscaping, drip lines and complete watering systems. *Seller including a one year home warranty!

View Property

2600 S Betty Street Gilbert, AZ 85295

New

$699,100

3 Beds

2.5 Baths

2,140 SqFt

Status Active

MLS # 6758946

Property Type Single Family Residence

Price Type --

View Property

29869 Feather Mountain 13 Ac -- Paulden, AZ 86334

$699,000

3 Beds

2 Baths

1,754 SqFt

Status Active

MLS # 6749447

Property Type Single Family Residence

Price Type --

Welcome to your own slice of paradise! Breathtaking views from this amazing home nestled on 13.43 acres of pristine land yards from the Prescott National Forest. Open and split floorplan, this home features 3 bed and 2 full baths. The living room boasts a gorgeous wood burning fireplace and vaulted ceilings. Bright and neutral kitchen with large island, ample cabinet space, and solid surface countertops. Retreat to the primary suite complete with a spacious bath, sitting area, and massive closet. Additional bedrooms offer comfort and privacy for family and guests. 3 car attached (31'x23') garage AND 4 car attached RV garage (19'.6''x45'.10'') with 16' ceiling. RV garage includes 1/2 bath and workshop area. Enjoy the endless views from the hot tub located on the deck. Strong 12+gpm well

View Property

27772 N 174th Street Rio Verde, AZ 85263

New

$699,000

4 Beds

3 Baths

2,475 SqFt

Status Active

MLS # 6758915

Property Type Single Family Residence

Price Type --

Contemporary Ranch Style Spread on 2 acres! Brand New Construction with Huge Garage located two blocks directly south of Rio Verde Drive on good road. Beautiful surroundings in every direction! NO HOA! Oversized 1044 Sq. Ft. 4 car garage with double 18 ft. doors. N/S exposure with vistas to the mountains and beyond! Bring your horses, toys & more! Tonto National Forest at end of street! Adjoining parcel available for purchase. Possible seller financing available.

View Property

14125 W Vía Tercero -- Sun City West, AZ 85375

$699,000

2 Beds

2 Baths

2,179 SqFt

Status Active

MLS # 6699712

Property Type Single Family Residence

Price Type --

Welcome to this remodeled Sedona on the 3 hole of Deer Valley Golf Course in the Del Webb community of Sun City West. The evening and morning views are stunning. 2179 sq ft. Home is offering someone a very tastefully remodel with all the latest and greatest touches. Tile floors 50 by 24 inches large 5 inch baseboards, Freshly Painted - New Kitchen Aid Appliances. Shutters through out. Updated Patios both front and Back. Updated bathrooms with counter tops and new high toilets. Home has been painted through out inside. All new drapes all new carpets. New screen doors on front and back patios. This home offers the purchaser a chance to arrive with their belongings and enjoy the Views and the great remodel with just personalizing it for themselves.

View Property