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

20641 S 196th Street Queen Creek, AZ 85142

$625,000

4 Beds

2.5 Baths

2,596 SqFt

Status Active

MLS # 6745552

Property Type Single Family Residence

Price Type --

Step into elegance at this beautifully designed home featuring granite countertops, a gas cooktop, and sleek stainless steel appliances that make the kitchen a chef's dream. With a spacious formal dining room and a thoughtfully designed split floorplan, this home is perfect for both entertaining and everyday comfort. Located in the highly sought-after Villagio community, you'll enjoy easy access to the new Mansel Carter Oasis Park. Explore the nearby horse and walking trails that lead directly to the park, offering outdoor adventures right at your doorstep. Don't miss your chance to find your dream home in this vibrant community—experience everything Villagio has to offer!

View Property

2809 E Via Estrella -- Phoenix, AZ 85028

$625,000

3 Beds

2 Baths

1,935 SqFt

Status Active

MLS # 6704744

Property Type Single Family Residence

Price Type --

Considering a move and looking for a sign? Consider this your sign! Enjoy this charming home located on a quiet cul-de-sac in sought after neighborhood. You will love the mountain views, renovated bathrooms, new carpeting throughout, new air conditioning unit and upgraded electrical panel. Enjoy the thoughtfully designed floor plan with dining room room that opens to the living room and the kitchen/family room combination with sliding glass door to covered patio overlooking the gorgeous pool and beautifully landscaped back yard. Easy access to HWY 51 and walking distance to the Phoenix Mountain Preserve.

View Property

5100 E Rancho Paloma Drive Unit 2043 Cave Creek, AZ 85331

$625,000

2 Beds

2 Baths

2,074 SqFt

Status Active

MLS # 6707699

Property Type Townhouse

Price Type --

This beautiful condominium, built in 2022, boasts a spacious and airy open floor plan, designed for modern living. Enjoy breathtaking mountain views and attached 2 car garage. This beloved second home, has been lightly lived in, ensuring its great condition. Equipped with smart home technology, allowing you to manage your home remotely with ease. Control lighting, security, and other essential functions from anywhere, ensuring your home is always ready for your arrival. Enjoy ''The Good-Life'' in this wonderful pet-friendly community, with a fitness room, a heated pool and spa. The Office can be converted into a 3rd bedroom if needed. The furniture is negotiable and will be conveyed separately on bill of sale.

View Property

912 W 11th Street Mesa, AZ 85201

$625,000

4 Beds

3 Baths

2,382 SqFt

Status Active

MLS # 6742745

Property Type Single Family Residence

Price Type --

Updated 4 Bedroom(2 primary suites), 3 full bathroom with many high dollar updates located in highly sought after Established Mesa Neighborhood. Newer roof (2016), 2020 HVAC, New Drain line through out home in 2023, New Primary Suite/Bathroom, Laundry and Huge Pantry addition in 2022, New Windows 2017. Kitchen with double ovens, granite counters, island, induction cooktop, bay window dining nook, custom built-ins open to family room with library area and stepdown into extended family room. All bathrooms updated. Split floorplan. Fenced diving pool with slide, Detached Garage, NO HOA. Large lot near the Mesa Country Club, Mesa Riverview shopping/dining, Riverview park and nestled directly between the Cubs/A's Spring Training.

View Property

4061 E Carriage Way Gilbert, AZ 85297

$625,000

4 Beds

2.5 Baths

2,902 SqFt

Status Active

MLS # 6728060

Property Type Single Family Residence

Price Type --

Welcome to Power Ranch, one of the most desirable communities in Gilbert, Arizona! In the community of Power Ranch, you'll enjoy access to incredible community amenities, including 13 parks, walking trails, 2 fishing lakes, 2 pools, splash pads, playgrounds, tennis, softball, soccer fields, basketball & more! This location is ideal sitting in between Queen Creek Marketplace & The San Tan Mall. You're just minutes away from shopping, dining, & top-rated schools, making this the perfect place to call home. This exquisite 4 bedroom home, complete with an upstairs loft is full of natural light that accentuates the open floor plan & high ceilings. The home features two distinct living areas, providing plenty of room for everyone to relax & entertain. The kitchen has a gas stovetop, an island, upgraded countertops & matte black appliances. The spacious owner's suite is located downstairs & has views of the mountains out the window. The bathroom has a separate shower & soaking tub, double vanities, & a spacious walk in closet with a washer & dryer. Upstairs you'll discover 3 additional bedrooms, a full bathroom & a huge loft that has views of the golf course & mountains. Don't miss out on the opportunity to own an incredible house like this in Gilbert, Arizona. Welcome home!

View Property

907 E Encinas Avenue Gilbert, AZ 85234

$625,000

5 Beds

3 Baths

2,699 SqFt

Status Active

MLS # 6696710

Property Type Single Family Residence

Price Type --

Rare basement home in the highly desired Circle G Meadows community. Just a few minutes from all of the attractions of downtown Gilbert. Close to FREESTONE PARK, shopping, restaurants and freeways. This beautiful BASEMENT home features a formal living room, open eat in kitchen with island and bay window with family room. The basement has two additional bedrooms, full bath, living room & fireplace. The backyard offers a private pool with covered patio area & a mature grapefruit producing tree. Homes in this desired area do not last long!

View Property

7035 N 11th Way Phoenix, AZ 85020

$625,000

4 Beds

3 Baths

1,916 SqFt

Status Active

MLS # 6749287

Property Type Single Family Residence

Price Type --

This is your chance to own this gorgeous 4-bed, 3-bath home with an RV gate in Phoenix! Appealing interior is recently renewed, showcasing an inviting living room perfect for entertaining. Vaulted ceilings add to the airy feel, complemented by archways, wood flooring, fresh paint, ceiling fans, and dual pane windows. Upscale eat-in kitchen displays plenty of cabinets, SS appliances, recessed lighting, and granite counters. Large main retreat ensures a good rest, equipped with plush carpet, an exposed ceiling beam, and a pristine ensuite comprised of a floating vanity with dual sinks, an enclosed glass shower, and a walk-in closet. Relaxing backyard with a covered patio, fire pit, and above-ground spa has tons of space to host enjoyable weekend gatherings. Hurry! It's move-in ready!

View Property

438 W Round Valley Road Payson, AZ 85541

$625,000

3 Beds

2 Baths

1,648 SqFt

Status Active

MLS # 6728075

Property Type Single Family Residence

Price Type --

Welcome home to country living on 1.2 acres, fully fenced and cross fenced, and ready for your pets big and small, horses too! The home has 3-bedrooms, 2 bathrooms, 1,648 SF of spacious living and a great room that has vaulted ceilings, a fireplace and atrium doors that open to the rear covered deck. The large kitchen, has a breakfast nook, a pantry, lots of storage with access to the garage through the laundry room. The primary bedroom en-suite has a walk-in-shower, walk-in closet and a generous linen closet. There's a 2-car garage and a 2-car carport and lots of off-street parking. This property has its own well, two large storage sheds (one with power) that could be used as a workshop. Off the rear covered deck is a gazebo and another large fenced in area for a garden. Close to... Tonto National Forest where you will find endless riding and hiking trails. Updates made in 2024 include: Roofing_3/2024, dryer, dishwasher, disposal, new carpet in primary bedroom and closet.

View Property

417 N Olive -- Mesa, AZ 85203

$625,000

4 Beds

3 Baths

1,791 SqFt

Status Active

MLS # 6730937

Property Type Single Family Residence

Price Type --

Your brand new West Coast Farmhouse inspired home is waiting for you. Designer built, Designer finishes. This 1791 Sf, 4 bedroom, 3 bathroom home has a thoughtful open floor plan, and each room is conveniently wired for internet. The fully insulated detached 2 car garage sits on a 10,000 sf xeriscaped lot ready for all your toys. Conveniently located close to Main Street, Hohokam Stadium, Sloan Park, plus easy access to the 202.

View Property

1873 E Mcnair Drive Tempe, AZ 85283

$625,000

4 Beds

2.5 Baths

2,138 SqFt

Status Active

MLS # 6663148

Property Type Single Family Residence

Price Type --

Amazing location in Tempe! Welcome home by Oasis Anozira lake subdivision, with community walking path around the nearby lake. This home features 4 bed. , 2.5 baths, Family room opens to the kitchen w/ island & dining area , Formal Living Room & Dining Room w/ Vaulted Ceiling , From Master Bed. you can exit to the beautiful, huge balcony & enjoy the outdoors. The Master bath features double sinks, separate shower, bath tub, toilet room & walking closet. Garage includes built in cabinets, front entrance with tile & lash landscaping, the extended back patio has newer ceiling, neutral tile, the walkway along the house. Enjoy the beautiful landscaped yard with large grassy area. House has new A/C (installed Jan. 2024) and great location, close to major freeway, shopping, dining..

View Property

13332 W Palm Lane Goodyear, AZ 85395

$625,000

4 Beds

3 Baths

2,499 SqFt

Status Active

MLS # 6723936

Property Type Single Family Residence

Price Type --

Buyer did not perform - back on market! Seize the opportunity to own this fantastic 4-bedroom, 3 bath property awaiting its new owners with over $160,000 of receipts in upgrades. Featuring a 3-car garage, a low-care front yard with palm trees. Be greeted by the welcoming foyer that leads to the spacious living/dining room adorned with high ceilings, a designer's palette, and tile/wood-look flooring. The family room has an entertainment niche and direct backyard access. Kitchen is equipped with quartz counters, recessed lighting, rich wood shaker cabinetry, a pantry, a breakfast bar, and a breakfast room. The grand main suite highlights outdoor access, a full ensuite with dual sinks, and a walk-in closet. Retreat to the private backyard with a covered patio, a built-in BBQ... artificial turf, and a refreshing pool & spa.

View Property

1540 W Straford Avenue Gilbert, AZ 85233

$625,000

4 Beds

2.5 Baths

2,518 SqFt

Status Active

MLS # 6718578

Property Type Single Family Residence

Price Type --

Step into this fantastic single-level home, ideally positioned next to a serene community greenbelt and nestled at the end of a cul-de-sac. Expanding across four spacious bedrooms, with an additional area flexibly designed to serve as a game room, fifth bedroom, or your dream home office, this home suits all your needs. Freshly painted interior invites you to personalize every corner, making it truly your own. The heart of the home, an open-concept kitchen features a generous island, and an abundance of cabinets it flows seamlessly into the living area complete with a fireplace. Gather in the formal dining room for meals or the eat in kitchen for a less formal option. The primary bedroom is an escape featuring a walk-in closet with great closet organizer and an en-suite that makes unwinding a must with a soaking tub and separate shower. This home offers a huge laundry room with ample storage and sink. Step outside to a backyard built for entertainers: covered patio, built-in barbecue, and just enough grass to tickle your toes. Conveniently located near the community pool, schools, parks, and shopping. Get ready to tick all your boxes here!

View Property