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

17425 W Willow Avenue Surprise, AZ 85388

New

$549,000

4 Beds

2.5 Baths

2,940 SqFt

Status Active

MLS # 6763196

Property Type Single Family Residence

Price Type --

Built in 2021, this 4 bedroom, 2.5 bath home is located in the heart of Surprise, AZ. Inside, the home boasts a pristine interior with tile flooring and a calming neutral color scheme. The kitchen shines with recessed lighting, a spacious pantry, built-in appliances, quartz countertops, upgraded staggered cabinetry, and a convenient peninsula with a breakfast bar. The main level also features a bright den, perfect for a home office. Upstairs, an expansive loft awaits, ideal for a playroom or entertainment space. The luxurious primary bedroom offers an upgraded super shower in the ensuite and a generous walk-in closet. The second floor also includes three additional bedrooms and a laundry room. Step outside to your private backyard oasis, complete with a full-length covered patio, a relaxing spa, and lush artificial turf, perfect for entertaining or unwinding. Car enthusiasts will appreciate the impressive 3-car tandem garage, outfitted with LED lighting, a tire rack, overhead storage, and a mini-split A/C system.

View Property

2301 E Virginia Avenue Phoenix, AZ 85006

$549,000

3 Beds

1 Bath

1,306 SqFt

Status Active Under Contract

MLS # 6711522

Property Type Single Family Residence

Price Type --

This charming house features three bedrooms and two bathrooms. The cozy kitchen is conveniently located near the living room and dining area, making it easy to move around while preparing meals and enjoying time with family and friends. Outside, there is a large 1500-square-foot workshop in the backyard, which is perfect for various projects, and it also has an evaporated cooler to keep it cool. The yard has mature fruit trees and is an irrigated lot by SRP. The house has been recently updated with new electrical system, HVAC, and roofing. The house is currently leased on month to month basis; tenants are open to signing a long-term lease. Must have 45 days to vacate. Seller may be willing to carry

View Property

330 S Farmer Avenue Unit 129 Tempe, AZ 85281

$549,000

3 Beds

3 Baths

1,565 SqFt

Status Active

MLS # 6724730

Property Type Townhouse

Price Type --

LOCATION, LOCATION, LOCATION! This superb townhome is nestled in the heart of Tempe, within walking distance to the bustling Mill Avenue, Arizona State University, Sun Devil Stadium, Tempe light rail station and an abundance of restaurants, shopping, and bars. Thoughtfully maintained with tasteful, high-end upgrades throughout that will impress even the most discerning buyer. With 3 spacious bedrooms and 3 full bathrooms, spanning over 3 interior levels, there's plenty of room and privacy for everyone. This particular unit offers stunning views, overlooking the sparkling pool and the quaint community greenbelt, providing a serene and picturesque setting. The private direct-entry 2 car garage ensures convenience and security. Ample storage space and 3 additional parking spaces allows for plenty of additional parking options, adding to the home's practicality. A washer and dryer are included for your convenience. Located just 5 minutes from the Sky Harbor Airport and with easy access to freeways, this townhome is perfect for those who need to commute or travel frequently. Don't miss out on the opportunity to make this exceptional property your new home.

View Property

33550 S High Jinks Road Oracle, AZ 85623

$549,000

6 Beds

4 Baths

4,705 SqFt

Status Active Under Contract

MLS # 6660561

Property Type Single Family Residence

Price Type --

Step into a timeless era by seizing the chance to own a slice of Western history in Oracle, Arizona - a town steeped in the echoes of the gold and silver mining boom. This distinctive property, named High Jinks, stands proudly along the Arizona Trail, providing shade and respite to the myriad of travelers who pass through. Graced with rustic elegance, High Jinks holds the esteemed title of a National Historical Site, its very soil once touched by the legendary Buffalo Bill Cody during his mining exploits. Nestled within the embrace of the Coronado National Forest and serving as the gateway to Mount Lemmon, this property offers unparalleled privacy and panoramic vistas that stretch across the expansive landscape. The main residence is a three-story structure with a Crows Nest on the top floor, offering a nearly 360-degree view of the Arizona Trail and National Forest, accompanied by a cozy bedroom and bathroom. The main floor exudes charm with its rustic construction, featuring a library, dining room, kitchen, den, two bedrooms, and one and a half baths. The ground floor unveils an apartment with a modern flair, with two bedrooms and one bath, and ample windows that frame breathtaking sunrises and sunsets. Savor the evenings on the outdoor patio of Higher Jinks - a perfect setting for BBQs, wine tastings, and endless possibilities as you unwind on this sprawling estate. In addition to the main residence, multiple ensuite dwellings beckon, offering the potential for income generation through platforms such as Hipcamp or Airbnb. Embrace the role of a historical custodian, preserving the rich tapestry of the past while opening its chapters to others for generations to come. The legacy of High Jinks awaits its next steward, ready to share the tales of Oracle's vibrant Western history with those who choose to call this unique property home.

View Property

590 S Spirea Lane Show Low, AZ 85901

$549,000

3 Beds

3 Baths

1,917 SqFt

Status Active

MLS # 6665978

Property Type Townhouse

Price Type --

This golf villa is packed with upgrades both inside and out! This has 3 bedrooms/3 baths with loft and set on a premium lot furthest from the main road. The back patio has been extended with pavers, gas fireplace, privacy wall, small ground level dog area, natural gas grill h/u and sunshades. Security screen doors both front and back and pavers in front entry area. The inside has faux painting, living room with surround sound ceiling speakers, gas fireplace and new slider window coverings. Kitchen has SS appliances and the pantry closet has been expanded with deep shelving for more storage. There are split thermostats with extra vents added to the upstairs loft and bedroom so temperature can be controlled separately upstairs and downstairs. As an owner, you will have access to.. to the Torreon clubhouse, family center, fitness center, pool and jacuzzi, tennis/pickle ball/basketball courts, kids playground, fishing pond and 2 par 3 kids golf holes. This is a great retreat during any season!

View Property

510 Powell Street Bisbee, AZ 85603

$549,000

4 Beds

2 Baths

2,060 SqFt

Status Active Under Contract

MLS # 6591996

Property Type Single Family Residence

Price Type --

Meticulously cared for 4 bedroom 2 bath Craftsman style home. Respected and restored by the same family since 1932. 2,060 sq' determined by Appraisal. Tax records indicate 1538 sq' . 2 Bedrooms , 1 bath with shower and tub downstairs, 2 bedroom 1 bath with shower upstairs. Quarter sawn white oak flooring, wood burning fireplace, built in cabinets in dining. Granite kitchen counter tops, kitchen cabinets with under cabinet lighting, Professional gas range and hood. Dual heating and air conditioning systems. Private drive in 2 car garage with sliding doors within a courtyard. Irrigation system timer activated. Security system installed. New hot water heater installed 4/2024. Tranquil setting, back yard faces east, front porch faces west.

View Property

4778 Lone Pine Circle Happy Jack, AZ 86024

$549,000

3 Beds

2 Baths

1,815 SqFt

Status Active

MLS # 6682514

Property Type Single Family Residence

Price Type --

Looking for a new F/T home or weekend getaway in Happy Jack AZ, come see this beautiful 3 bdrm/2 bath home, which comes furnished ready to move in. Great 3/4 wrap deck and well manicured lot to watch the neighborhood wildlife. This home offers great windows in the open floor plan, nice open kitchen with separate dining area, 2 guest rooms downstairs and master bedroom/bath upstair for your privacy. Currentlly has a single tough shed for your toys but plenty of room to build a garage or workshop. Sits on a quiet cul-de-sac with great neighbors. Call to see your next home. Home is well taken care of a comes furnished with beautiful furniture ready for you to entertain.

View Property

4532 W Cottontail Road Phoenix, AZ 85086

$549,000

3 Beds

2.5 Baths

1,686 SqFt

Status Active Under Contract

MLS # 6739350

Property Type Single Family Residence

Price Type --

Expansive homesite in the heart of Anthem! This remarkable property offers a rare opportunity to own a dream backyard oasis. Pool with water fall and grotto surrounded by new travertine deck, gazebo with built in BBQ and entertainment system. Large grass areas and RV gate for getting your toys into the backyard. New wood plank tile floor, built in electric fireplace with lighting controls, remodeled bathrooms, custom backsplash, new shutters for all windows just to name a few of the recent upgrades. Home is nestled in a cul de sac, perfect for the kids to play out front or in the back yard. All this and the award winning community of Anthem, Arizona with skate park, ball fields, fishing lakes, community center, work out facilities, indoor rock climbing and water park!

View Property

1319 W Sells Drive Phoenix, AZ 85013

$549,000

4 Beds

2 Baths

1,850 SqFt

Status Active Under Contract

MLS # 6683018

Property Type Single Family Residence

Price Type --

Excited to present an exceptional home in the Melrose District. This beautifully renovated home, backs to the District Canal adding to the neighborhood's eclectic style The home features a large flowing kitchen, with granite counter tops, stainless steel appliances, open bar area, and leads to separate dining area. The open concept moves into the spacious gathering area to relax and hang out. The Primary bdrm boast natural sunlight with the same flow into the Primary bath featuring large walk in closest and shower. Generously sized bdrm 2 and 3 with Split Floor plan to Bdrm 4 and Bonus room. As the flow continues with this Amazing home we walk to the awe inspiring landscaped backyard with spade and space to move, relax, and enjoy the day to evening.

View Property

6964 W Kristal Way Glendale, AZ 85308

$549,000

3 Beds

2 Baths

1,955 SqFt

Status Active

MLS # 6721393

Property Type Single Family Residence

Price Type --

**SPECTACULAR REMODEL** Nestled within Glendale's premier Arrowhead Ranch community, this beautiful 3 Bed + DEN remodeled home (2020) features clean Transitional interior design with open floor plan, vaulted ceilings, plank tile flooring, and modern light fixtures throughout. Gourmet kitchen includes granite slab kitchen counters, SS appliances, white cabinets, built-in microwave, tile backsplash, and breakfast bar for additional seating. Cozy fireplace w/custom stone veneer welcomes family and guests alike in the spacious family room area that opens to private backyard w/covered patio and expansive turf (2021) area. Large Primary suite includes luxurious bathroom w/dual sinks, upscale tile design, and rain shower. Arrowhead Ranch offers scenic living and convenience with beautiful golf/lake setting, numerous bike/walking paths, nearby shopping and easy freeway access. Don't miss this GEM, for this is a truly MUST-SEE home to own!

View Property

910 W Angus Road San Tan Valley, AZ 85143

$549,000

4 Beds

3 Baths

2,699 SqFt

Status Active

MLS # 6741661

Property Type Single Family Residence

Price Type --

Prepare to be amazed by this luxurious and functional home! The spacious den/office is perfect for creating your own retreat or work-from-home space. The chef's kitchen features Bosch stainless steel appliances and a large island that overlooks the Great Room, ideal for entertaining. Enjoy formal gatherings in the elegant dining room. With 4 oversized bedrooms and 3 baths, including a master suite with a platform shower, dual sinks, and a walk-in closet, comfort is guaranteed. A second master/guest suite adds extra luxury. The 12 ft sliding glass doors with custom blinds seamlessly connect indoor and outdoor living. Step into the backyard oasis with a covered patio, extended pavers, mature landscaping, and a gated dog run. The garage offers custom cabinets, epoxy floors, and workbench. Located just 12 minutes from downtown Queen Creek and close to 3 charter schools, this home offers the perfect blend of luxury, comfort, and convenience. ***Seller open to concessions toward closing costs*** Don't miss out on this incredible opportunity!

View Property

17533 W Statler Drive Surprise, AZ 85388

$549,000

4 Beds

2.5 Baths

3,435 SqFt

Status Active Under Contract

MLS # 6712564

Property Type Single Family Residence

Price Type --

Spacious! Cozy! Bright! Airy! Pride of ownership! Upgrades throughout! NEW HVAC! Beautiful home located in Surprise Farms on a spacious lot which backs to a greenbelt! Duel access grand staircase which leads up to a large open loft with bookcases, oversized bonus room and bedrooms. Downstairs hosts a formal living and dining room boasting an open concept, family room, office, and a large updated kitchen with dine-in eating. So much room to spread out! You will instantly feel at home in this beauty!

View Property