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

5630 W Kesler Street Chandler, AZ 85226

$569,900

3 Beds

2 Baths

1,922 SqFt

Status Active

MLS # 6722663

Property Type Single Family Residence

Price Type --

This Single Level, 3 Bed/2 Bath Chandler home in Carrington Place is Move-In Ready! This lovely home includes vaulted ceilings, a wood burning fireplace, newer dual pane windows (2022) throughout, plantation shutters, updated bathrooms, updated light fixtures, and newer appliances. Outside enjoy low maintenance front landscaping, 3-car expanded driveway, and RV gate! The backyard includes a covered patio and a separate storage shed. Enjoy relaxing in the Gazabo Covered Heated or Cooled Seasonal Spa! Included is a Home Warranty thru 2027. Near 101, 202 & I10 frwy. Kyrene School District. Book your tour today!

View Property

18250 W Carol Avenue Waddell, AZ 85355

$569,900

4 Beds

4 Baths

3,293 SqFt

Status Active Under Contract

MLS # 6715275

Property Type Single Family Residence

Price Type --

This glorious home provides spacious living both inside and out. Features three separate outside areas with a front courtyard, a side courtyard, and a backyard with a heated spa. The spacious exterior areas feature lush landscaping providing both shade and privacy. A charming centerpiece fountain creates a serene and inviting atmosphere to relax or entertain on the patio or other outdoor areas. The interior features charming architecture such as coffered ceilings, beautiful tile, curves in the entryways, hardwood flooring, multiple windows and doors for abundant natural lighting. The open-concept living and dining areas view and open to the side courtyard, but there is additional interior space in the great room adjacent to the kitchen that opens to the backyard. The kitchen has been upgraded with abundant cabinetry and elegant finishes. Downstairs has two bedrooms and two baths. One bedroom serves as guest quarters with its own separate private entrance and bath. The upstairs secondary bedroom also has its own private bathroom and a walk-in closet. The spacious master suite features a huge bedroom and bathroom with a double entry shower as the centerpiece, an extra large garden tub, tons of storage in cabinets, and two walk-in closets. 80 inch mounted, flat screen HD TV conveys. Home also features Tesla solar to save you money on utility bills. The character and extras throughout this home is something to see and instantly fall in love with. Near the 303 corridor, shopping (Safeway, Costco, Walmart, Fry's), and the new Village at Prasada featuring a shopper's paradise with major retailers and both casual and fine dining. Don't miss this opportunity.

View Property

1698 N San Gabriel Avenue Sierra Vista, AZ 85635

$569,900

3 Beds

2.5 Baths

2,079 SqFt

Status Active

MLS # 6748521

Property Type Single Family Residence

Price Type --

This is it! HUGE PRICE IMPROVEMENT! NICELY REMODELED HOME WITH A POOL AND SPA and HEATED AND COOLED 1300 SQ FT WORKHOP in desirable Ranchos Carmela. This split floorplan home features 3 spacious bedrooms, 2.5 bath, Luxury Vinyl Plank Flooring, Formal Dining Room, Breakfast Nook, NEW HVAC and a beautifully updated kitchen. Featuring NEW Stainless Steel kitchen appliances, elegant Quartz countertops and Kitchen Island. Spacious outdoor entertainment area includes a solar heated pool and spa, complete with an automated pool cover and new water filter. This home also features a 10x16 storage shed, an access to a half bath from the pool and a 36x36 workshop, insulated from top to bottom and heated and cooled! Formal dining room can be easily converted into a 4th BR. FEATURES LIST ON PHOTOS

View Property

16572 W Lincoln Street Goodyear, AZ 85338

$569,900

5 Beds

3.5 Baths

3,452 SqFt

Status Active

MLS # 6725169

Property Type Single Family Residence

Price Type --

Discover this stunning 5-bedroom, 3.5-bath, 2-story home in a prime, strategic location. Boasting a massive 3,452 sqft of living space. This residence is filled with natural light, creating an airy, bright, and cozy atmosphere. The kitchen is a chef's dream with a double wall oven, granite countertops, and a spacious island. Step outside to the covered patio overlooking a private play pool, pavers, a charming gazebo, and a meticulously maintained backyard with trees and shrubs. Enjoy easy access to the 303 and I-10, and the convenience of being within walking distance to schools and abundant shopping. The community also features beautiful parks, perfect for outdoor activities!

View Property

34690 N Ashwood Drive San Tan Valley, AZ 85144

$569,770

4 Beds

2.5 Baths

2,712 SqFt

Status Active

MLS # 6723162

Property Type Single Family Residence

Price Type --

Brand new 2 story with views to the San Tan mountains. Gourmet kitchen layout, stainless steel appliances, 8' Interior doors, 3 car tandem garage.

View Property

18056 W Wolf Street Goodyear, AZ 85395

$569,750

5 Beds

3 Baths

2,552 SqFt

Status Active

MLS # 6742521

Property Type Single Family Residence

Price Type --

Discover this 5-bedroom Sedella gem that captivates with stone accents on its facade, a tandem 3-car garage, and an RV gate. Step inside to a warm, inviting interior featuring wood-look floors and a bright great room designed for entertaining. The kitchen is a chef's delight, equipped with espresso cabinets, stainless steel appliances, a pantry, tile backsplash, granite counters, and a center island with a breakfast bar. Retreat to the main suite offering a private bathroom with dual vanities, a soothing tub, and a walk-in closet. An additional bedroom provides direct backyard access and can serve as a guest quarter. The expansive backyard boasts a covered patio, a shed, and ample space for a pool. A true Sedella treasure, don't miss out!

View Property

15922 W Electra Lane Surprise, AZ 85379

$569,687

4 Beds

3 Baths

2,229 SqFt

Status Active

MLS # 6726177

Property Type Single Family Residence

Price Type --

New home ready for immediate occupancy! This single level 2229 SF 4 Br, 3 BA home, 3 car garage is located on a NS facing homesite surround by single level homes, NO two stories! Exciting included features Upgraded white cabinets, Granite tops in the kitchen, tile backsplash, plank tile floors in all the traffic areas! 10' ceilings, 8' interior doors, garage service door, Large extended patio, tankless water heater, front yard landscaping with drip system, PLUS so much more! Neighborhood also includes, tree lined streets, certified Energy Star and Indoor Air Plus for more energy savings! 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

15922 W Electra Lane Surprise, AZ 85387

$569,672

4 Beds

3 Baths

2,229 SqFt

Status Active

MLS # 6719014

Property Type Single Family Residence

Price Type --

View Property

20269 N 63rd Drive Glendale, AZ 85308

$569,500

3 Beds

2 Baths

1,592 SqFt

Status Active

MLS # 6759981

Property Type Single Family Residence

Price Type --

Be the proud owner of this completely renovated gem situated in one of the most desired GATED communities in Glendale! This one-of-a-kind home sits on an OVER-SIZED LOT with an RV gate, mountain views, and countless features that will captivate your heart. The inviting interior boasts plantation shutters, elegant tile floors, a soothing color palette, and layered crown molding at both the top and bottom, all surrounded by recessed lighting throughout the entire house, creating a bright and modern ambiance. The sleek kitchen is a chef's dream, featuring stainless steel appliances, a custom built-in microwave, quartz countertops, a pantry, chic tile backsplash, white cabinetry, a center island, and a peninsula with a breakfast bar. Additionally, the kitchen includes a newly installed water filtration system for drinking water. In the master bathroom, you'll find dual vessel sinks, a custom-built shower, and a walk-in closet with custom cabinetry and shelving. Further upgrades include a huge hot water tank in the garage, a brand new washer and dryer, a built-in saltwater filtering system, and a newly installed water softener system. The home also boasts a new AC unit and a new garage door opener for added convenience. The backyard is equally impressive, featuring brand new synthetic grass, an irrigation system, sensory outdoor lighting, and a pool with phone-controlled lighting. Step outside to your stunning backyard oasis, complete with a covered patio, paver seating area, sparkling pool, play space, and awe-inspiring sunset views. Don't miss out while it's still availablecome and experience this extraordinary home today!

View Property

4380 W Ruby Drive Eloy, AZ 85131

$569,500

2 Beds

2 Baths

2,198 SqFt

Status Active

MLS # 6754518

Property Type Single Family Residence

Price Type --

You'll love this upgraded, solar-owned Pavona model, built in 2022 with more than $175,000 in upgrades! This stunning home features 2 bedrooms, 2 baths, an extra-large flex room with a built-in wet bar, and a spacious 2.5-car garage. The kitchen boasts granite counters, a subway tile backsplash, 41'' cabinets, water softener & whole house filtration system, built-in garbage bins, a gas range, a GE Advantium microwave, along with a pot filler & under-cabinet lighting for added convenience. The master suite includes a curbless tiled shower & granite vanities. Other upgrades include luxury wood flooring, 8-foot doors, surround sound, advanced tech, & whole-house water filtration. Enjoy the landscaped backyard with a raised garden bed & extended patio. BBQ stub. This home is a must see!

View Property

3021 N Randolph Road Phoenix, AZ 85014

$569,500

3 Beds

2 Baths

1,620 SqFt

Status Active

MLS # 6679115

Property Type Single Family Residence

Price Type --

Motivated seller. Low maintenance yard front and back. All new electrical wiring, relocated electrical panel and 2 AC units. Tankless gas water heater. Modernized with addition of a permitted split master bedroom with bathroom and large closet. LED lighting throughout. Beat the heat with your own private pool. Many hospitals in the area could be a good STR or medium term rental to serve people needing that service. Great access to Highways and to downtown Phoenix. NO HOA

View Property

3121 N 21st Place Phoenix, AZ 85016

$569,500

3 Beds

2 Baths

1,557 SqFt

Status Active

MLS # 6740406

Property Type Single Family Residence

Price Type --

This beautifully remodeled mid-century gem offers a perfect blend of modern amenities and classic charm. Enjoy a spacious split floorplan that provides privacy and comfort for all. Your private oasis awaits with a covered pergola and extended patio, ideal for outdoor entertaining and relaxation. Experience tranquility in this secluded setting with excellent access to the Biltmore/Camelback area and downtown Phoenix. The recently remodeled kitchen features quartz countertops, 42'' cabinets, R/O faucet and modern fixtures. Upgraded bathrooms offer both comfort and convenience. Enjoy updated flooring throughout the home, interior doors, and a newer A/C unit. Don't miss the chance to own this stunning mid-century home that perfectly balances modern upgrades with classic style!

View Property