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

9390 Mead Lane Snowflake, AZ 85937

$675,000

6 Beds

4 Baths

2,624 SqFt

Status Active

MLS # 6731913

Property Type Manufactured Home

Price Type --

Wow! Check out this opportunity! 2 homes on 80 acres fully off grid and self sustaining. The PRIMARY HOME offers 1568 square feet of living space with 3 bedrooms and 2 bathrooms. Floors recently upgraded to vinyl plank throughout. Split bedroom floor plan. Kitchen features hickory cabinets, granite counter tops, large kitchen island, farm sink and NEWER gas stove. Primary home is powered by 30 solar panels which is sustained by banks of lithium batteries. In addition to a 2 car masonry garage, the primary home also features a single car Graceland garage, a 14 X 40 carport and a 10 x 20 Graceland Lofted Barn Cabin for extra storage. The GUEST HOME offers 1056 square feet of living space with 3 bedrooms and 2 bathrooms. See additional description. The living space is bright and airy and features a split bedroom floor plan and breakfast bar. Guest home is powered by 25 solar panels and sustained by banks of 12 AGM Maintenance Free batteries. 1 private well services both homes. Another private well is located on the upper 40 acres and is currently being used for their cattle. Property can be split and has passed a perc test. See document file. Power is also located nearby if you would prefer that option. This property would be perfect for multi-generational housing or could use guest home as rental income! Property is all off-grid but only 10 miles from town. Best of both worlds!

View Property

15236 N 20th Place Phoenix, AZ 85022

$675,000

3 Beds

2 Baths

1,475 SqFt

Status Active

MLS # 6696568

Property Type Single Family Residence

Price Type --

Discover the opportunity of a lifetime - your very own dream vacation rental property is now available for sale! Indulge in the sheer luxury of this fully furnished vacation home, where every detail has been meticulously curated to create an inviting and comfortable ambiance. From the cozy living room to the fully equipped kitchen, this property ensures your guests have all they need for a memorable stay. Luxurious bedrooms and tasteful décor, your guests will find the utmost comfort and relaxation. Rest easy knowing that this vacation rental property has been meticulously maintained.: Pool Heater HVAC and Roof all new in 2022. Turnkey opportunity for the new owner. Not into vacation rentals, this is a perfect family home on a quiet cul-de-sac near Lookout Mountain! No HOA!

View Property

6575 E Rolling Ridge Road San Tan Valley, AZ 85140

$675,000

4 Beds

2.5 Baths

2,410 SqFt

Status Active Under Contract

MLS # 6735166

Property Type Single Family Residence

Price Type --

Escape the hustle and bustle in this stunning custom home on over an acre with NO HOA! This beautiful 4 bedrooms, plus a den and 2.5 bathrooms home features upgraded cabinets, granite countertops, stainless steel appliances, spacious open floor-plan and beautiful mountain views. 2 horse stalls, pastures, and fences in place, this property is perfect for animal lovers. Don't miss out on this one-of-a-kind listing!

View Property

1917 E Tierra Buena Lane Phoenix, AZ 85022

$675,000

3 Beds

2 Baths

2,235 SqFt

Status Active

MLS # 6748788

Property Type Single Family Residence

Price Type --

Gorgeous home ON LOOKOUT MOUNTAIN! This home features southwestern high-end Saltillo Tiles with Coyote Paw Tiles by the front entry. Upon entry the vaulted ceilings add an open bright feel to the formal dining room huge living room. The granite countertop has a custom grill built into it for the perfect chef. A glamorous mirrored backsplash gives the kitchen an extra shimmer!. This 3 bedroom home has a great floorplan with a master bedroom split away from the other two rooms. The back covered patio is screened and opens to the sparkling pool. Views from the backyard are INCREDIBLE! Take a shower by the large Saguaro Cactus by the pool before you take a dip! Outdoor fireplace with pergola. No HOA! Master bath upgraded with a oversized soaking tub & separate shower.

View Property

3023 Portside Drive Prescott, AZ 86301

$675,000

3 Beds

2 Baths

1,936 SqFt

Status Active

MLS # 6754509

Property Type Single Family Residence

Price Type --

Take a look at a newer build & spacious 4-car garage in Willow Hills Sub. This well kept open floor plan with charming & welcoming front porch entry has all the privacy located on cul-de-sac with views of Bill Williams range, Granite Mtn. & peek-a-boo views of Granite Dells. Gorgeous screened-in covered back patio is located off great room & formal dining for easy access. Newer painting in some rooms, all window cov. replaced. Great rm has gas fireplace & is open to eat-in kitchen with island, stainless steel appliances with granite countertops flanked by Espresso stained cabinetry. Separate bedrooms has split plan from primary & gives everyone their own living space. Primary has snail shower, walk-in closet, dual vanities & security giving access to screened-in patio. Text to show

View Property

9449 E Mallory Street Mesa, AZ 85207

$675,000

4 Beds

2 Baths

2,054 SqFt

Status Active Under Contract

MLS # 6744122

Property Type Single Family Residence

Price Type --

Pride of ownership certainly shows in this gorgeous residence in Gated comunity of Boulder Mountain Highlands! Nestled on a desirable corner lot w/ mountain views! Offering an open, light and bright split floorplan,3-car garage, gorgeous backyard, mature landscape, and an inviting front porch. Great room is complemented by a fireplace, making it a perfect setting for relaxing evenings or lively gatherings. The kitchen features a walk-in pantry and a center island. The owner's retreat includes an ensuite with dual sinks and a separate shower & tub. Great closet space a plus. Venture outside to discover the serene backyard, showcasing a covered patio, mountain views, fire pit, and a refreshing pool & spa. This one-of-a-kind property will surely impress you!

View Property

1415 W Mountain Sky Avenue Phoenix, AZ 85045

$675,000

4 Beds

3 Baths

2,329 SqFt

Status Active

MLS # 6756713

Property Type Single Family Residence

Price Type --

Nestled in the serene neighborhood of the Foothills Club West Planned Community this enchanting 4-bedroom, 3-bathroom home spans 2,329 sq ft with a large 3 car garage and offers a slice of paradise with breathtaking South Mountain Views. This property, now available for sale, boasts a resort-like backyard designed for luxury and relaxation, featuring a sparkling heated pool, spa, cozy firepit with conversation area, and a BBQ Island set on elegant flagstone. Inside, the home welcomes with an upgraded kitchen adorned with granite countertops, newer fixtures and stainless steel appliances, a family room with a fireplace and wet bar, perfect for entertaining. The main level includes a convenient guest room with a full bathroom, while a hardwood staircase leads to a private primary suite. This suite opens to a balcony showcasing the magnificent mountain views and includes dual his and closets, a soaking tub, double sinks, and updated fixtures. Two additional bedrooms with upgraded flooring, fixtures and window treatments. Experience comfort and style in every corner of this exquisite home.

View Property

10348 E Tupelo Avenue Mesa, AZ 85212

New

$675,000

3 Beds

2.5 Baths

2,319 SqFt

Status Active

MLS # 6759378

Property Type Single Family Residence

Price Type --

Spacious home! Unique circular entrance with an open split floorplan. This is a must see 3 bedroom + den, roomy owners suite with dual vanities & bench shower. The 2 guest bedrooms share a Jack n' Jill bath with each bedroom having their own private vanity. Home also features a den, powder room, granite island kitchen with seating and upgraded cabinets, dining area, separate laundry and a 3 car garage. Floor upgrades and barely lived in, on an oversized lot with room for a pool, this home is located in a desirable location and walking distance to the Encore Club. (WHEW!!!) All this could be yours!

View Property

1432 E Culver Street Phoenix, AZ 85006

$675,000

3 Beds

2 Baths

1,680 SqFt

Status Active

MLS # 6755851

Property Type Single Family Residence

Price Type --

This fully Permited beautiful Spanish style home has been extensively renovated, along with a brand new master suite addition in September 2024. EVERYTHING has been replaced within the home down to the original brick walls. New roof, windows, wiring, electrical panel, Trane AC unit, doors, framing, plumbing, drywall, baseboards, kitchen, bathrooms, stucco, paint, landscaping, and the list goes on. The home is fully insulated with foam insulation, brand new duct work, synthetic stucco system, new gates, everything you see is brand new. Combine this with an excellent central location, and you have a true winner. The master suite is massive with large bathroom and walk in closet. Minutes from Downtown, Roosevelt Row, shopping, restaurant, schools, and hospitals. Home is surrounded by the Coronado and Garfield Historic Districts. Please view photos of foam insulation, new ductwork, and framing. All of the work is now completed, and home is 100% finished and move in ready!

View Property

6285 E Broadway Avenue Apache Junction, AZ 85119

$675,000

3 Beds

2.5 Baths

2,186 SqFt

Status Active

MLS # 6753361

Property Type Single Family Residence

Price Type --

1.1 acre lot at the base of the Superstition Mountains offering stunning mountain views & city light / sunset views out the back. Single level home with 3 bedrooms & 2.5 baths. Knotty alder kitchen cabinets, SS appliances, pantry & granite countertops. Breakfast nook. All newer windows! Formal LR / DR and a huge family room with newer mini split AC and Fireplace. Office area with 1/2 bath. Owners suite with full bath. Two other bedrooms with full bath. Workshop / 6 car detached garage.

View Property

3932 E Shaw Butte Drive Phoenix, AZ 85028

$675,000

4 Beds

2 Baths

2,029 SqFt

Status Active

MLS # 6745223

Property Type Single Family Residence

Price Type --

Gorgeous home, great location and plenty of updates! What's not to like??? This beautiful 4 bedroom, 2 bath home offers a renovated pool, owned solar, updated AC, dual pane Low-E windows, granite throughout, a stunning kitchen and more! Centrally located with easy freeway access. Schools, parks, and abundant shopping nearby. Not to be missed!

View Property

948 W Lookout Circle Prescott, AZ 86303

$675,000

3 Beds

3 Baths

2,270 SqFt

Status Active

MLS # 6748730

Property Type Single Family Residence

Price Type --

Midcentury home in desirable Hassayampa Mountain Club (No HOA), located 5 minutes from downtown Prescott.Remodeled kitchen includes custom cabinets with inserts and pullouts and new appliances. Laundry room includes a new washer and dryer. A new fireplace with thermostat and E-rated Anderson windows have been added for increased efficiency. Owners also just a 3rd bathroom with double-sink vanity and spacious walk-in shower upstairs to serve the 2 guest bedrooms. A new Tankless Water Heater provides endless hot water. Large entertainment/family room offers a great space to play, read or just relax. New Tran HVAC system upstairs and custom garage door. 2 driveways with 10x20 heavy-duty canopy for covered parking in upper driveway

View Property