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

16525 E Avenue Of The Fountain Avenue Unit 201 Fountain Hills, AZ 85268

$539,900

3 Beds

2 Baths

1,942 SqFt

Status Active

MLS # 6679498

Property Type Apartment

Price Type --

This former model in Town Center Crossings is a spacious and well-appointed single-level unit with no upstairs neighbors, offering privacy and convenience. With 3 bedrooms, 2 bathrooms, and an additional office/den space, there is plenty of room for both living and working. The 1-car garage with direct entry access, complete with built-in cabinets, provides ample parking and storage space. The property is ideal for those seeking a comfortable and functional living space in a desirable lock and leave location.

View Property

17609 W Medlock Drive Litchfield Park, AZ 85340

$539,900

4 Beds

2 Baths

2,138 SqFt

Status Active

MLS # 6748872

Property Type Single Family Residence

Price Type --

MOTIVATED SELLER!! Stunning Barletta floor plan from Pulte Homes, just finished on Nov 2023, boasting 4 spacious bedrooms and a versatile den with French doors perfect for work or play. Upgraded Chef's Kitchen with Gas stove top, double wall ovens, dishwasher and walk-in pantry. Gas stubs in the kitchen, laundry room, and backyard for outdoor entertaining. This incredible home offers the perfect blend of style, functionality, and comfort. Make it yours today!

View Property

7848 W Willow Way Florence, AZ 85132

$539,900

2 Beds

2.5 Baths

2,530 SqFt

Status Active

MLS # 6743444

Property Type Single Family Residence

Price Type --

Assumable Loan at 3.18%! Welcome to the vibrant 55+ Community of Anthem, where this stunning 2,530 square foot home offers countless upgrades! This 2-bedroom, 2.5-bathroom home, complete with a den, greets you with a private courtyard behind a custom iron door. Inside, the chef's kitchen boasts upgraded granite countertops, a stainless steel range hood and appliances, color-changing pendant lighting over the island, and soft-close, pull-out cabinets. The home also features a separate dining area. The primary bedroom includes a spacious custom shower, while the guest suite comes with a walk-in closet and private bathroom. The den offers additional versatility, and the living room is highlighted by lighted built-in shelves. Additional features include a separate laundry room with a sink, an extended and epoxy-coated 2-car garage plus a separate golf cart garage with overhead storage, and a water softener. The washer, dryer, and refrigerator are all included. Enjoy access to the 48,000 square foot Recreation Center with amenities such as golf, tennis, pickleball, a putting green, various clubs and classes, indoor and outdoor pools, a spa, an indoor walking track, a golf clubhouse, the Grille Restaurant, softball facilities, a ballroom, a community park, and a fitness center. Experience resort-style retirement living in this incredible home!

View Property

16821 N Meadow Park Drive Sun City, AZ 85351

$539,900

2 Beds

2 Baths

2,110 SqFt

Status Active

MLS # 6738143

Property Type Single Family Residence

Price Type --

Welcome home to Sun City living at it's best. Rare opportunity to own a large RV Garage/work shop/office space and auto park on back side yard. This Highly maintained home boasts updated bathrooms, flooring, newer dual pane windows, newer family room addition 345 sq. ft. including formal dinning highlighting walls of windows for enjoying natural light. 2 bedroom and 1.75 bathrooms, primary bedroom includes walk-in closet. This updated home delivers open space for living, entertaining and the luxury of an onsite RV garage everyones 10+ Man Cave. Space for onsite hours of wood working, hobbies, car enthusiast, and RV storage. This is a must see having this set-up is a rare find in this community. Pride of ownership and well maintained.

View Property

3430 N Ravine -- Mesa, AZ 85215

$539,900

4 Beds

2.5 Baths

2,026 SqFt

Status Active

MLS # 6754641

Property Type Single Family Residence

Price Type --

Amazing Home Offers 4 Bedrooms, 2.5 Baths and Sparkling Pool! Close to Schools, Shopping and Freeway. No HOA! Seller is offering a 2% concessions towards Buyers closing costs or loan fees. Also, Seller is currently remodeling home.

View Property

4777 S Fulton Ranch Boulevard Unit 2071 Chandler, AZ 85248

$539,900

3 Beds

2 Baths

1,760 SqFt

Status Active

MLS # 6757511

Property Type Townhouse

Price Type --

Beautiful, Move-In Ready 3 Bedroom, 2 Full Baths & 2 Car Garage in FULTON RANCH! Open Great rm floor plan w/Formal Dining Rm, Large Kitchen w/Breakfast Bar, Quartz counters with Tile Backsplash. Kitchen features Raised Panel Cabinets, Pendant Lights & Large Pantry! Spacious Private Balcony overlooking Greenbelt, Walking Path & Ramada. Split Master Bedroom w/large walk-in Closet, soothing spa-like Bath w/Roman soaking tub, Sep shower & raised double sinks. Blinds on all Dual pane windows. THIS IS LUXURY LIVING at its finest, Community Pool, Spa, Fitness Center, Clubhouse, Lakes, Bike/walk paths, and playgrounds. This home is conveniently located near Intel, Northrop Grumman, Microchip, Downtown Chandler, Loop #202, #101 & I-10!

View Property

532 W Century Avenue Gilbert, AZ 85233

$539,900

4 Beds

3 Baths

2,348 SqFt

Status Active Under Contract

MLS # 6752871

Property Type Single Family Residence

Price Type --

Welcome to your new home! This 4 bed 3 bath home in Gilbert is located right next to downtown! Island kitchen with stainless appliances and informal dining area. Formal living and dining rooms, cozy family room with brick fireplace. One bedroom and full bath downstairs and three more bedrooms and two full baths upstairs. 3 car Garage! Gorgeous patios, pool and grassy back yard to enjoy AZ living! AC replaced 2015, All new windows in 2020, Bathroom remodeled 2022 and new carpet 2023! Close to schools, shopping, restaurants, as well as the US 60 and 101.

View Property

725 W Kyle Court Gilbert, AZ 85233

$539,900

4 Beds

2 Baths

1,791 SqFt

Status Active Under Contract

MLS # 6754677

Property Type Single Family Residence

Price Type --

Beautiful 4-bedroom family home in the desirable Gilbert subdivision of Templeton Place. A true gem in a quiet cul de sac just a stone's throw from the community park. The interior has been newly painted and newer luxury vinyl plank flooring is extensive throughout the home. High, vaulted ceilings accentuate the open floor plan from the kitchen to the great room and a separate living room for additional entertaining. Spacious primary suite includes a large walk-in closet and roomy bathroom with dual vanities and separate tub and shower. The backyard is a serene getaway with a comfortable covered patio, grass area and relaxing pool with safety fencing already in place. Additional room for play on the side yard with a concrete slab to store your ''toys''. No HOA. This home is a must see.

View Property

18322 N Olividado Way Surprise, AZ 85374

$539,900

2 Beds

2 Baths

1,934 SqFt

Status Active

MLS # 6754329

Property Type Single Family Residence

Price Type --

Situated on the 6th green,, this fantastic Cholla Model has plenty to offer. Enjoy the amazing Arizona sunsets and views of White Tank Mountain from the large covered patio while watching the golfers show off their short game. This is an extra large corner lot with beautiful landscaping, front court yard with wall and gate. Some of the extras include Automatic solar shades on windows, newer windows(2020), water softener, water heater and AC/Furnace (2019). Home also has skylights in the kitchen and master bath, recirculating hot water heater providing instant hot water throughout the home, extended garage with side door. Murphy bed, washer, dryer and fridge stay. Most other furniture can stay if wanted. This is an exceptional home in an exceptional community.

View Property

1900 N Fray Marcos Lane Sierra Vista, AZ 85635

$539,900

3 Beds

2.5 Baths

2,293 SqFt

Status Active Under Contract

MLS # 6728346

Property Type Single Family Residence

Price Type --

SELLER OFFERING 2% ($10,798) IN CONCESSIONS FOR 2-1 BUYDOWN OR CLOSING COSTS. Exquisite, completely remodeled 3 bedrooms, plus den/office, 2 ½ bathroom home in the Ranchos Carmela Estates. nestled on a spacious 1.76-acre corner lot within a cul-de-sac surrounded by mountain views. Beautiful finishes throughout, showcasing meticulous attention to detail that will completely exceed expectations. The spacious, open concept, split floor plan features a modern design that harmoniously blends style and comfort. Savor the smooth continuity between each room that effortlessly allows for both relaxation and entertainment. Step outside to the expansive grounds where nature's beauty meets the comfort of home while you unwind on the covered back patio. Great for relaxation and entertaining.

View Property

23440 N 21st Place Phoenix, AZ 85024

$539,900

3 Beds

2 Baths

1,550 SqFt

Status Active Under Contract

MLS # 6755532

Property Type Single Family Residence

Price Type --

Welcome to 23440 N. 21st Place, a 3-bedroom, 2-bathroom home located in the highly sought-after Mountaingate North community in North Phoenix! This bright & inviting residence is perfect for those seeking a blend of comfort and style. Step inside and be wowed by the high ceilings & abundant natural light that fill the space, creating a warm & welcoming atmosphere. The open kitchen is a dream for both cooking & entertaining, while the split floorplan ensures privacy & flexibility for everyone. Plantation shutters add a touch of elegance, and the mountain views provide a picturesque backdrop to your everyday life. With tons of storage, including built-in cabinets in the 2-car garage and epoxy floors for easy maintenance, you'll have plenty of room for all your essentials. Convenience is key with this location! You're just minutes away from freeways, Desert Ridge shopping, entertainment & dining options. Plus, you'll be in the highly-regarded Paradise Valley school district, making it an ideal location!

View Property

17359 W Grant Street Goodyear, AZ 85338

$539,900

3 Beds

2.5 Baths

2,517 SqFt

Status Active

MLS # 6738718

Property Type Single Family Residence

Price Type --

Discover this beautiful single-story courtyard home in the Canyon Trails community. This home has 3 large bedrooms + den, perfect for a growing family or home office. The large kitchen has newer stainless steel appliances, pull-out pantry drawers, granite counters, and above-cabinet lighting. All appliances convey, including the refrigerator in the garage. This home includes a whole house RO system, water softener, misting system on back patio & epoxy floors in the garage and primary. The primary suite includes a custom closet, and the garage offers ample storage with cabinets and shelving. There are no two-story neighbors, ensuring privacy. Located near the 303 and I-10, don't miss out on this opportunity to own this remarkable home with a 3-car garage & abundant storage!

View Property