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

1018 N 25th Street Phoenix, AZ 85008

$599,000

5 Beds

3 Baths

2,287 SqFt

Status Active

MLS # 6665438

Property Type Single Family Residence

Price Type --

Hard to find New Construction Home in 85008. 5 Bedroom 3 Bath with 2 car garage. 10 foot ceilings. Quartz Counters, Shaker Style Cabinets. New Stainless appliances. Could be Flex Home, as room for second kitchen with bonus room in back. Huge walk in shower in Master. Dramatic front Iron Gate Door. Drive way is gated and both side gates match. Back yard is large enough for a pool. Hard to get quality new construction in this area so close to Downtown Phoenix, Freeway access, Roosevelt District, Hospital walking distance. Close to new Valley Wise Hospital Wing just opened. Nice eclectic mix of older homes and newer builds, Beautiful paver walkway and front patio. Extended 2 car garage. NEW NEW NEW, Tired of looking at old homes with deferred maintenance. Zoned R-3 Multi Family

View Property

415 W Monterosa Street Phoenix, AZ 85013

$599,000

3 Beds

3 Baths

1,380 SqFt

Status Active

MLS # 6732264

Property Type Single Family Residence

Price Type --

REMODELED! Great opportunity for this beautiful home that's had a HUGE makeover including plumbing, electrical, roof and hvac. Be prepared to fall in love with the classy, modern colors and big backyard with artificial turf. The paved sitting area is perfect for outdoor dining or lounging. There's even a 300 sq ft casita with it's own entrance.! You can make it your primary home, or income property, but don't wait to make it your own! Located in the heart of Phoenix surrounded by schools, parks and amazing restaurants and shopping.

View Property

20801 N 90th Place Unit 170 Scottsdale, AZ 85255

$599,000

3 Beds

2 Baths

1,576 SqFt

Status Active Under Contract

MLS # 6740530

Property Type Townhouse

Price Type --

**Best Value in Dc Ranch** NEWLY UPDATED & FABULOUS LOCATION in the heart of DC RANCH! Looking for a turn key home...THIS IS IT! NEW PAINT, NEW FIXTURES, NEW FURNITURE + more! Steps from Market Street & all the amenities Dc Ranch offers like GOLF, Tennis, Pickleball, Pools, Exercise facility, Hiking trails...fabulous Restaurants, Shopping, Medical / Pet / Dental + so much more! From the moment you enter, you will feel the Warmth and Comfort of this home. The soothing color palette envelopes you as you walk thruout the home. A true Entertainer's delight! (click on more to continue) Inviting Family & Friends is definitely a MUST! Calling all Chef's to enjoy the beautiful Gourmet Kitchen with ample granite counter space, along with island & private dining. Relax in your Master retreat with soaring ceilings, lovely views of the outdoors, boasting an incredible spa inspired bath and large walk in closet. Great spacious Guest rooms, an interior laundry with full size side by side machines and wonderful outdoor patios complete this home. Not a detail was overlooked. *Added Bonus* Furnishings are available with the purchase! Pack your toothbrush and your bags. Your Search is over...You have found your Dream Retreat in Sunny Scottsdale!

View Property

5209 E Virginia Avenue Phoenix, AZ 85008

$599,000

5 Beds

2 Baths

1,856 SqFt

Status Active Under Contract

MLS # 6738511

Property Type Single Family Residence

Price Type --

This neighborhood is one of the best kept secrets in Phoenix and the amazing home is centrally located on a 10,000 sq ft lot. The neighborhood borders both Arcadia and South Scottsdale giving you access to the area's best restaurants, shopping and amenities. When you step into this beautiful property you will truly feel at home. This home has a split flood plan with the primary bedroom and an additional bedroom to the left and 3 additional bedrooms and guest bathroom to the right. The primary bedroom is oversized with 2 closets and a full size bathroom with duel sinks. The dining room has French doors that lead you to your beautiful backyard with mature trees, tons of grass and a beautiful pergola for entertaining.

View Property

3225 N 163rd Drive Goodyear, AZ 85395

Open House

$599,000

2 Beds

2.5 Baths

1,881 SqFt

Status Active

MLS # 6755042

Property Type Single Family Residence

Price Type --

This beautifully appointed extended Luna model by Robson is located on the Tuscany side of the award-winning golf resort community of PebbleCreek and is Turn-Key (Fully Furnished) and Move-in ready! From the moment you drive up, you'll notice beautiful professional landscaping and desirable property features with designer touches and upgrades throughout the home. This property features an Open Floor Plan, Split Bedrooms, En Suite Guest Room, and a separate Powder Room. The Den has double doors and is large enough to be a third bedroom. The Primary Bedroom has been expanded and features bay windows. The Kitchen has an expanded breakfast nook with bay windows, beautiful granite countertops, roll-out shelving, and stainless-steel appliances, including ... a gas range and a new 2023 refrigerator. There is upgraded cabinetry throughout the home. Other special features include a spacious Laundry Room, Elite Green Salt-less Water System, an expanded Garage offering extra length and height, plus a Golf cart garage! New Interior Paint 9/24, New A/C installed 9/2023, and New Exterior Paint in 2022. Pigeon Proofing is already in place. The expanded patio with coated concrete offers a large built-in BBQ Island and Gas Fire Pit. Professional Landscaping completes the inviting outdoor living space. Open space maintained by the HOA and Cul de sac creates privacy. Enjoy a 5-minute walk to the Tuscany Falls Clubhouse, Pool, and Fitness Center. The home is also close to the central and north Pickleball Courts so there's no need to wait any longer, start enjoying the active golf resort lifestyle now! (Property comes fully furnished except for some staging decor items.) Please see the document section for a full list of upgrades and the floor plan.

View Property

17207 N 36th Street Phoenix, AZ 85032

Open House

$599,000

4 Beds

3 Baths

1,845 SqFt

Status Active

MLS # 6722409

Property Type Single Family Residence

Price Type --

Fully renovated, this charming 4BR / 3BA home is ideally situated near restaurants, shopping, dining, public transportation, with easy access to freeways. Recently remodeled, it features a spacious floor plan perfect for modern living. Neutral color scheme throughout featuring durable tile flooring, providing a versatile space for any decor. The kitchen is equipped with quartz countertops, new cabinets and windows plus a convenient pantry. The oversized primary bedroom offers direct backyard access, a private bathroom, and walk-in closet. Outside, the backyard includes a covered patio, storage shed, and plenty of space to create your own oasis. No HOA!

View Property

15946 W Electra Lane Surprise, AZ 85387

$598,999

4 Beds

3 Baths

2,515 SqFt

Status Active

MLS # 6728117

Property Type Single Family Residence

Price Type --

New home ready for immediate occupancy! This single level 4br, plus den, 3. BA home is located on a north south facing home site. Surrounded by single level homes, no 2 stories. Exciting included features include upgraded cabinets, quartz kitchen tops, tile Kitchen backsplash, plank tile on the floors, 10' ceilings, 8' interior doors, gourmet kitchen, garage service door, tank less water heater, Front yard landscape with turf, Plus so much more. Neighborhood also includes, tree lined streets, Certified Energy Star and Indoor Air Plus for more energy savings. More...

View Property

5679 N Bornite Way Casa Grande, AZ 85194

$598,998

3 Beds

2.5 Baths

2,505 SqFt

Status Active

MLS # 6721752

Property Type Single Family Residence

Price Type --

2024 Brand new Single level, located on 1 Acre lot in an excellent location just a couple of minutes from I-10. This beautiful plan is a semi-custom 3/4 bedroom 2.5 bath home. Spacious floor plan with high ceilings, kitchen with rich Quartz counter tops, stainless steel appliances, white cabinetry, beautiful tile flooring, carpeted bedrooms 4-car garage, fully fenced block walls with RV Gate, concrete driveway, covered patio, Blown in foam insulation. Block fencing with 1 RV Gate & HOA allows RV's, Boats and Toys!!!

View Property

8303 E Palm Lane Mesa, AZ 85207

$598,990

4 Beds

3 Baths

2,549 SqFt

Status Active

MLS # 6747483

Property Type Single Family Residence

Price Type --

A collection of brand-new single-family homes located in the master-planned community in Mesa, AZ. The community feeds into the highly rated Gilbert Public School District, making this an ideal place for growing households. There are many onsite amenities at the masterplan everyone will enjoy, including a swimming pool, basketball court, pickleball court, playground and picnic area. Commuters have easy access to Loop 202 and Phoenix-Mesa Gateway Airport for travel accommodations. This beautiful home features our platinum package including Sonoma Maple Linen cabinets and Quartz countertops. Super luxury 8 x 36 plank tile flooring.

View Property

16214 W Questa Drive Surprise, AZ 85387

$598,900

3 Beds

2.5 Baths

2,357 SqFt

Status Active

MLS # 6708544

Property Type Single Family Residence

Price Type --

Welcome to Sonoma Coast at Esca;lante! New construction TO BE BUILT! This single level 2357 SF single level 3 BR with den, 2.5 BA home is for the garage guy! 5 1/2 tandem car garage on a larger 8,840 S.F. lot!!. This home can easily be expanded to 5 bedrooms 3 baths. Surrounded by all single level homes. Exciting included features include - 10' ceilings, 8' doors, granite tops in the kitchen, tank less water heater, front yard landscape package. Large kitchen Island with Prep Area. paver driveway, 2'' faux blinds on all windows, ceiling fans in all room,EV outlet in garage, Indoor air plus and Energy Star Qualified. This home is to be built! Floorplan under doc tab.

View Property

24422 N 162nd Lane Surprise, AZ 85387

$598,900

5 Beds

3 Baths

2,395 SqFt

Status Active

MLS # 6743920

Property Type Single Family Residence

Price Type --

ANOTHER Huge Price Correction!! Very motivated seller!! New home ready for immediate occupancy! This single level 2395 SF single level 5 BR, 3 full bath home is located on an oversize 9,372 S.F. home site. Exciting included features upgraded cabinets w/42'' uppers, upgraded Quartz Kitchen tops, tile Kitchen backsplash, plank tile on the floors, 10' ceilings, 8' interior doors, 3.5 front load garage, with 8' drive (RV) side gate, gourmet kitchen, garage service door, tank less water heater, front yard landscape credit, and so much more. Neighborhood also includes, tree lined streets, Certified Energy Star and Indoor Air Plus for more energy savings. More... 5 Star Resort Style Amenities include, hiking trails, Aquatic Center, 8 select parks, Picnic Ramada's, Basketball, 3 Pickle Ball courts, bocce ball courts, 18 hole disc golf course, and a Zip Line for the kiddos! This home is Energy Star and Indoor Air Plus qualified. Includes full Builder Warranties plus so much More..

View Property

1308 W Macaw Court Queen Creek, AZ 85142

$598,890

3 Beds

2.5 Baths

2,531 SqFt

Status Active

MLS # 6750328

Property Type Single Family Residence

Price Type --

Ready September!! Near all the amenities and park area. 3 Bedrooms 2.5 bath plus loft, Beautiful cabinets with granite Counter tops, wood look tile and two-tone paint throughout!! Great sized backyard with covered patio to enjoy. Just steps away from all the amazing Amenities North Creek has to offer.

View Property