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

4000 E Village Circle Flagstaff, AZ 86004

$569,000

3 Beds

2.5 Baths

1,510 SqFt

Status Active

MLS # 6745009

Property Type Townhouse

Price Type --

Fully remodeled 3-bedroom, 2.5-bath end unit townhome in Flagstaff, just minutes from Continental Golf Course and dining. This 1,510 sq ft home features a great room with cathedral ceiling and gas fireplace, a modern kitchen with granite countertops and stainless appliances, and newly renovated bathrooms. Enjoy fresh flooring and paint throughout, plus a spacious side yard and back yard with a paved patio. Attached garage, pet-friendly community with low HOA. Move-in ready and perfectly located for convenient, stylish living.

View Property

13317 W Dale Lane Peoria, AZ 85383

$569,000

3 Beds

3 Baths

1,841 SqFt

Status Active

MLS # 6753315

Property Type Single Family Residence

Price Type --

Why wait for a new build when you can have this beautiful home on a large lot in a quiet cul-de-sac? This property features north-south exposure, 3 bedrooms, 3 FULL baths,and a 3-car garage.Enjoy view fencing with STUNNING mountain views. The gourmet kitchen includes 42'' cabinets, a drop-in gas cooktop, black under mount sink, granite countertops, Pendant Lights and a 10' Island with cabinets on both sides. There's a large separate dining area and an open floor plan with 12' doors leading to a beautifully landscaped BACKYARD. The spacious master ensuite boasts a wonderful walk-in shower and closet .The split bedrooms each have their own bath. Ceiling Fans Thru-out* The large 3-car tandem garage includes a service door and a large driveway with extra parking. Make this Home,YOUR OWN

View Property

14410 N 42nd Place Phoenix, AZ 85032

$569,000

4 Beds

3 Baths

1,752 SqFt

Status Active

MLS # 6690022

Property Type Single Family Residence

Price Type --

Welcome to your dream family abode nestled in the heart of North Phoenix, Arizona! This charming single-level home boasts an array of desirable features designed to cater to your every need. Step inside to discover a spacious interior adorned with multiple living spaces, providing ample room for relaxation and entertainment. Whether you're hosting gatherings or enjoying quiet family evenings, there's a space for every occasion. The home's owned solar panels not only offer eco-friendly energy solutions but also ensure significant savings on utility bills, providing both environmental consciousness and economic efficiency. Outside, you'll find a delightful backyard oasis, perfect for soaking up the Arizona sunshine. Welcome home!

View Property

12417 N 145th Avenue Surprise, AZ 85379

$569,000

3 Beds

2.5 Baths

2,482 SqFt

Status Active Under Contract

MLS # 6713391

Property Type Single Family Residence

Price Type --

This amazing corner lot property in the master-planned community of Marley Park is a must-see! It features a 3-car tandem garage and a charming, bright interior with tall ceilings, pre-wired surround sound, and chic light fixtures. The kitchen boasts white cabinets with crown molding, quartz counters, recessed and pendant lighting, a large island with a breakfast bar, a stylish tile backsplash, and stainless steel appliances. The main bedroom has a spa-like ensuite with a soaking tub, dual sinks, a step-in shower, and a walk-in closet. The private backyard is perfect for relaxing, with a covered patio, artificial turf, a fire pit, and lovely pavers. Don't miss out on this fantastic opportunity!

View Property

42109 N New River Road Phoenix, AZ 85086

$569,000

3 Beds

2 Baths

1,840 SqFt

Status Active Under Contract

MLS # 6672718

Property Type Single Family Residence

Price Type --

Welcome to your desert oasis retreat! Nestled on over 1 acre of land, this charming territorial style home offers the perfect blend of comfort and tranquility. Boasting 3 spacious bedrooms and 2 bathrooms, this residence provides ample space to relax and unwind. As you step inside, you'll be greeted by an inviting open family room, perfect for gatherings and cozy evenings by the fireplace. The warm tones and natural light flooding through the windows create an inviting ambiance. Breathtaking desert mountain views surround the property. Whether you're enjoying your morning coffee on the patio or hosting a barbecue, the panoramic vistas will surely leave you in awe.This home's territorial style architecture blends seamlessly with the natural landscape, offering a true sense of Arizona!

View Property

9818 W Pontiac Drive Peoria, AZ 85382

$569,000

4 Beds

2.5 Baths

2,045 SqFt

Status Active

MLS # 6730793

Property Type Single Family Residence

Price Type --

Beautiful home in stunning northern Peoria checks ALL the boxes! Completely REMODELED and offering an incredible open and bright floorplan with vaulted ceilings featuring 4 bedrooms, 2 1/2 baths and 2045 square feet to enjoy. Stunning open-concept chef's island kitchen with shaker-style soft close designer cabinets with gorgeous quartz counters, upgraded high-end stainless-steel appliances including a NEW smooth-gas cook top, double wall oven, refrigerator and dishwasher. Custom interior paint, new flooring, newer water heater & A/C. Incredible private pool newly treated and with new sand filter pump 2024.This remarkable neighborhood location provides convenient access to Parkridge dog and children's parks, mountain preserves, outstanding schools, and easy freeway access!

View Property

7710 E Gainey Ranch Road Unit 202 Scottsdale, AZ 85258

$569,000

2 Beds

2 Baths

785 SqFt

Status Active

MLS # 6706024

Property Type Apartment

Price Type --

Summer is over-we are back on market. Affordable Luxury w/ this Impeccably Crafted, Designer's Own Condo. Nestled within the Heart of Scottsdale, in the Guard-Gated Community of Gainey Ranch, the Perfect ''Lock & Leave'' Lifestyle for EASY LIVING. Tastefully Renovated Top to Bottom to include Two Full Bathrooms, Reconfigured Kitchen for Maximum Living Space. Beautiful Carrara Marble throughout. Brand New Paint, Flooring, Lighting & Fans, Custom Roman Shades, Soft Water, Rev Osmosis, Refrigerator, water heater, Garage w/ Epoxy Floor & Extra Storage. Primary Bdr includes Washer/Dryer, Full Bath & 2nd Private Patio. Enjoy State-of-the Art Gym & Workout Center, Olympic-Sized Pool, Tennis/Pickle Ball, Walking Paths, restaurants, shops.Dues cover water/sewer/trash /pest cable/internet & more The Clubhouse offers Many Events & Wine Tastings, making for Resort-Style Living at its Finest. Minutes to everything you need, Major Freeways & Sky Harbor International Airport.

View Property

2409 W Acoma Drive Phoenix, AZ 85023

$569,000

4 Beds

3 Baths

2,557 SqFt

Status Active

MLS # 6746657

Property Type Single Family Residence

Price Type --

Beautifully maintained, energy-efficient home features owned solar panels, RV gate + parking, a charming front yard & inviting entry to start. Step inside to travertine & wood floors stretching across an open layout w/ vaulted ceilings. Additional upgrades include plantation shutters throughout, an open & spacious kitchen equipped w/ stainless steel appliances, granite counters, tile backsplash, breakfast bar & a whole house water filtration system. The spacious main suite boasts its own fireplace, sitting/office area, direct backyard access, & a private bathroom featuring dual sinks + a walk-in closet. The large laundry room has built-in cabinets & a utility sink. This is one of the largest single stories in the neighborhood that has 2 en suites. Pool has motorized safety cover. Outside, the sizable backyard boasts a covered patio, two sheds, a spa, refreshing pool, and ample space for lively barbecues. Don't miss this delightful haven!

View Property

8352 E Euclid Avenue Mesa, AZ 85208

$569,000

3 Beds

2 Baths

1,674 SqFt

Status Active

MLS # 6727736

Property Type Single Family Residence

Price Type --

Stunning Fountain of the Sun Golf Course Residence This meticulously renovated home offers the perfect blend of luxury and comfort. It's situated on one of the largest private lots in the community with two fenced areas, making it perfect for pet owners. The gourmet kitchen features top-of-the-line JennAir appliances, including a double oven, microwave drawer, and custom range hood. Ample counter space with a ten-foot island and ambient under-cabinet dimmable lighting. Fully updated bathrooms with modern and stylish finishes. The laundry room and mudroom area offer convenience and practicality with tons of storage. New windows throughout the home create a bright and inviting atmosphere. The HVAC system has been FULLY UPGRADED as well. This home can be purchased fully furnished.

View Property

2639 E Hillery Drive Phoenix, AZ 85032

$569,000

4 Beds

2 Baths

2,538 SqFt

Status Active

MLS # 6747267

Property Type Single Family Residence

Price Type --

Recently remodeled with so many upgrades including new AC, gourmet kitchen, stunning master bath, entertainers backyard complete with gas firepit and travertine seating, Bocce ball court and more! On top of all this, this home has SOLAR for low energy bills. This home is close to everything with hiking trails less than a quarter mile away, Paradise Valley or Desert Ridge shopping a less than a 10 minute drive and easy access to the 51! Owner/Agent

View Property

2791 S Sailors Way Gilbert, AZ 85295

Open House

New

$569,000

4 Beds

2.5 Baths

2,314 SqFt

Status Active

MLS # 6762368

Property Type Single Family Residence

Price Type --

This gorgeous upgraded home has 4bd, 2.5bath's and offers an amazing split floorplan with the master suite, guest bath, laundry, living and dinning rooms on the lower level. Upstairs is 3 bedrooms and 1 bath plus large loft/game room area. The renovations include upgraded bathrooms, kitchen, ceramic plank tile floor, carpet, fixtures throughout, window coverings, sunscreens, interior / exterior paint, garage storage, epoxy flooring, AC units and whole house water filtration system. The backyard has an extended paver deck leading to a firepit and grass area. The home is in a great location no neighbors on 3 sides, next to a green belt and close to the community center with park, playground, tennis/pickleball and basketball courts . Close to San Tan village for dinning and entertainment. The sellers are related to the listing agent.

View Property

3305 E Mountain Vista Drive Phoenix, AZ 85048

$568,999

3 Beds

2 Baths

1,963 SqFt

Status Active

MLS # 6752617

Property Type Single Family Residence

Price Type --

Cul-de-sac home in popular Lakewood! This single-level home is move-in ready. Updated 2021 inside and out. Beautiful vinyl plank flooring & baseboards throughout; white quartz countertops & white cabinets; large island; SS appliances; kitchen sink & faucet; built-in corner bench with storage; extra storage in garage; ceiling fans in all rooms, and much more. The HVAC was replaced in 2018 (Trane) & there's a large back yard ready for you to create your perfect space or add a pool! Walking distance to Kyrene Schools plus Lakewood HOA amenities including boatdocks, walking paths, events, playground, BBQs. Easy commute via Loop 202 at 32nd St plus restaurants, shopping nearby. Sellers are related to Listing Agent. Loan is only assumable to qualified VA.

View Property