What’s Ahead For Mortgage Rates This Week – September 6, 2016

Last week’s economic reports included readings on pending home sales, construction spending and consumer sentiment. Case-Shiller Home Price Indices for June were released, along with several labor-related reports including national unemployment, ADP Payrolls and Non-Farm Payrolls were also released along with weekly readings on new jobless claims and Freddie Mac’s survey of average mortgage rates.

Case-Shiller: Home Price Growth Holds Steady in June

According to the Case-Shiller 20-City Home Price Index for June, average national home prices held steady with a seasonally adjusted annual growth rate of 5.10 percent in June. The top three cities for home price growth were Portland, Oregon with a reading of 12.60 percent; Seattle, Washington followed with a reading of 11.00 percent. Denver, Colorado home prices grew by 9.20 percent year-over-year.

San Francisco, California, which had posted highest year-over-year price gains in recent months slipped with a reading of 6.40 percent year-over-year in June. This could signify a cooling of rapid price gains in high demand metro areas where home prices have become unaffordable for many buyers.

Construction Spending Flat in July, Pending Home Sales Increase

While builder sentiment has been strong, construction spending was flat in July as compared to an expected reading of 0.60 percent and June’s reading of an 0.90 percent increase in construction spending. The Commerce Department reported that pending home sales increased 1.30 percent in July, which exceeded expectations of 0.90 percent growth and June’s negative reading of -0.80 percent. July’s reading appeared to even out June’s unexpected slump in pending sales, which are considered an indicator for future closings and home loan volume.

Mortgage Rates, New Jobless Claims Rise

Mortgage rates rose for all three loan types reported by Freddie Mac. The rate for a 30-year mortgage rate rose three basis points to 3.46 percent; the average rate for a 15-year mortgage also rose three basis points to 2.77 percent. The average rate for a 5/1 adjustable rate mortgage jumped by eight basis points to 2.83 percent. Discount points averaged 0.50 percent, 0.50 percent and 0.40 percent respectively. Mortgage rates rose after the yield on 10-year Treasury Notes increased in response to a speech given by Fed Chair Janet Yellen that indicated that the target federal funds rate could be raised in December.

263,000 new jobless claims were filed as compared to expectations of 265,000 new claims and the prior week’s reading of 261,000 new claims. Job growth slowed in August; the Commerce Department reported a reading of 151,000 new jobs in its Non-Farm Payrolls report. Analysts expected 170,000 new jobs, which fell significantly short of July’s reading of 275,000 jobs created. Non-Farm Payrolls includes data for public and private sector jobs.

Labor Reports: Job Growth Slows, National Unemployment Holds Steady

ADP Payrolls also reported fewer private sector jobs created in August with a reading of 177,000 new jobs as compared to 194,000 private sector jobs created in July. Analysts characterized August jobs reports as “fickle” due to high numbers of summer vacations and company-wide summer holiday closures.

August’s reading for national unemployment held steady at 4.90 percent.

While slower growth in home prices and job creation could signal an economic slowdown, there was good news as consumer confidence rose to 101.7 in August; this reading surpassed the expected reading of 97.0 and July’s reading of 96.7.

What’s Ahead

This week’s scheduled economic news is lean due to the Labor Day holiday on Monday. In addition to weekly reports on new jobless claims and mortgage rates, reports on job openings and the Federal Reserve’s Beige Book report will be released.

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 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+

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

14371 W Desert Cove Road Surprise, AZ 85379

$1,000,000

4 Beds

2.5 Baths

3,359 SqFt

Status Active

MLS # 6760139

Property Type Single Family Residence

Price Type --

Discover your dream home on a breathtaking 1-acre lot w/ salt water pool! This stunning property welcomes you with a circular driveway, a spacious 3-car garage, and an RV gate for added convenience. Inside, the stylish design features sleek tile and wood-look floors, complemented by plantation shutters. The inviting living room flows into a formal dining area perfect for festive gatherings. A spacious great room offers the ideal spot for entertaining. The modern kitchen dazzles with stainless steel appliances, including wall ovens, granite counters and backsplash, abundant cabinetry, and a large island with a breakfast bar. Retreat to the serene main suite, which boasts backyard access, a cozy sitting area, and a luxurious ensuite with dual vanities, a soaking tub, and a walk-in closet... Need extra space? The versatile den is perfect for an office or media room. Outside, the expansive backyard offers a covered patio, paver seating area, and a sparkling pool for endless enjoyment. This gem truly has it all! Don't miss out!

View Property

1636 E Sattoo Way San Tan Valley, AZ 85140

$1,000,000

4 Beds

3 Baths

3,623 SqFt

Status Active

MLS # 6776369

Property Type Single Family Residence

Price Type --

VA Assumable loan at 2.397%! Encanterra living at its finest! This stunning Alicante model home is a true one-of-a-kind featuring a guest casita with full bath, bedroom, kitchen, living room and plenty of privacy. The entry has a courtyard with an iron door to the main home and a separate entrance to the casita. As you walk through the front door there is a grand staircase that leads upstairs to a loft, 2 additional bedrooms and a Jack n Jill bathroom. You will also notice a formal dining room off the right side of the entrance that leads into the grand great room with a stack stoned gas fireplace as well as a wall of stack stone for a designer touch. The chef's kitchen is perfect for the chef in anyone with a oversized kitchen island as well as a separate island with a wine/bar fridge, stainless appliances including an induction cooktop, custom backsplash that compliments the quartz countertops, upgraded white cabinets, custom light fixtures and a large walk-in pantry. The master suite is downstairs, and it consists of a large bedroom with door to backyard, master bath with a newly remodeled walk in 12 x 24tile shower with 2 shower heads including a rain shower, bench, double sink quartz vanity with custom lite mirror/medicine cabinets built-in, free-standing tub, double linen closet, private toilet room and a large walk-in closet with custom cabinetry. The backyard is an entertainer's dream featuring a multi slide door off the great room leading out to the must have covered patio and extended travertine paver patio with misters, mounted tv, gas fireplace, wall fountain with fire pots, and a BBQ area with a pergola. As an added bonus this home offers a solar system for added energy efficiency. This home as many addition upgrades including plantation shutters, iron doors, custom iron window decor, brick veneer on the front of the home, water softener and whole house conditioning system, soft water hose in garage, tankless water heater, garage cabinets and workbench, mini split air-conditioning and heating in the garage, all kitchen appliances replaced and upgraded, kitchen remodeled, master, bathroom remodeled, all new carpeting, entire house painted, new flooring in third bathroom and in Casita. See the document tab for the special features list. Some of Encanterra's amenities include a championship golf course, 60,000 sq. ft. Clubhouse with dining, fitness, tennis, pickleball, relaxation, complete w/multiple pools, an expansive athletic club, & full-service Spa.

View Property

4935 W Lariat Lane Phoenix, AZ 85083

$1,000,000

4 Beds

3.5 Baths

3,296 SqFt

Status Active Under Contract

MLS # 6745866

Property Type Single Family Residence

Price Type --

Welcome to this unbelievable semi-custom home in the highly sought-after Stetson Valley community. This single-level stunner is loaded with upgrades and offers over 3,200 sqft of living space, showcasing meticulous attention to detail and quality throughout. Built with 2x6 construction and featuring 12 ft ceilings, this home offers an open and spacious feel from the moment you step through the grand entry with its impressive rotunda and statement iron front door. The home boasts 4 bedrooms plus a den, 3.5 baths, and a 3-car garage, along with an RV gate for added convenience. The family room is a cozy retreat with a stone fireplace, perfect for relaxing evenings. The chef's kitchen is a true highlight, featuring granite counters, a large island, stainless steel GE Mono gram double oven and built-in refrigerator including a gas range and a butler's pantry. The primary bedroom ensuite is a luxurious escape, complete with double sinks, soaking tub, walk-in shower, and an expansive closet. Step outside to the backyard, an entertainer's dream come true. Enjoy a beautiful PebbleTec pool, a built-in BBQ, a travertine patio, lush landscaping, and a large covered patio with breathtaking mountain views. The pool, built in 2019, adds a modern touch to this immaculate outdoor space. Additional upgrades include new interior paint within the last year, new shutters, and sunscreens throughout, and a new AC installed in 2019. Stetson Valley is a master-planned community offering a range of amenities, including playgrounds, splash pads, greenbelts, and access to hiking trails at Deem Hills. The nearby Deem Hills Park features playgrounds, soccer fields, pickleball courts, and a dog park, making it a perfect place for families. Excellent schools in the area further enhance the appeal of this fantastic home. This home truly offers a combination of luxury, convenience, and community living. Don't miss the chance to make it your own!

View Property

1110 Kellis Road Wickenburg, AZ 85390

$1,000,000

3 Beds

2.5 Baths

2,349 SqFt

Status Active Under Contract

MLS # 6746231

Property Type Single Family Residence

Price Type --

Turtleback Mountain Ranch Estate is nestled on 10 acres, boasting captivating vistas of the Sonoran Desert's majestic mountains. Impeccably maintained by its sole owner, this property promises to mesmerize you at every turn. As you approach, a gated entrance and secluded driveway extend a warm welcome. The front entry patio is adorned with enchanting cacti gardens, setting the tone for the home's desert oasis ambiance. Step inside to discover a spacious great room characterized by its graceful curved architecture and floor-to-ceiling windows that frame the sweeping views of the expansive back patio. A cozy fireplace anchors the room, complementing the generous living area and seamlessly flowing into the open dining space. The kitchen is a chef's delight, boasting custom cabinets &MUCHMORE

View Property

8087 E Cortez Drive Scottsdale, AZ 85260

$1,000,000

3 Beds

2 Baths

2,197 SqFt

Status Active Under Contract

MLS # 6776185

Property Type Single Family Residence

Price Type --

Enter this beautiful home to see what Scottsdale Country Club has to offer! You'll be met with high, vaulted ceilings combined with North/South exposure that makes for an exceptionally well-lit home. Tastefully updated, high end kitchen & features plenty of counter/cabinet space, as well as top of the line stainless steel appliances. Continue into the bright, spacious, primary bedroom with updated full bathroom. Patios accessible through any of the three sliding doors where you can dine under the large pergola, soak up the sun, or read a good book in the shade. Split floorplan & designer touches throughout. A lush, green, guard gated golf course community that offers heated pool, spa & tennis courts. **All furniture & accessories available on a separate bill of sale.

View Property

7622 E Shooting Star Way Scottsdale, AZ 85266

$1,000,000

3 Beds

3.5 Baths

3,186 SqFt

Status Active Under Contract

MLS # 6777068

Property Type Single Family Residence

Price Type --

Spacious home in Winfield Resort Community. Features include expansive master suite with large walk in closet and glass block shower. Second and third bedrooms en suite with walk in closets and full baths. Golden Beryl floorplan with coffered ceilings, family room with gas fireplace opens to the kitchen. Kitchen has a large island,breakfast nook, gas stub for range. A separate den/office adds to this 3 bedroom home. NO CARPET, plank porcelain tile in bedrooms & den/office. 3 dwarf citrus trees in back & side yard are orange, grapefruit & lemon. Private front courtyard has an exterior wood fireplace & mature landscape. Winfield Resort features a clubhouse with a fitness facility, community heated pool/spa, pickle ball, 8 tennis courts (2 clay),& many social clubs and activities

View Property

21641 N 58th Avenue Glendale, AZ 85308

$1,000,000

4 Beds

3.5 Baths

4,140 SqFt

Status Active

MLS # 6630447

Property Type Single Family Residence

Price Type --

REDUCED! Absolutely stunning lakeside property with mountain views on a cul de sac street with little traffic! Custom built 4 bedroom, 3.5 bath home with three levels of living space! Boat dock, pool, fenced yard with gates across the lake side, 3 car split garage, 2 fireplaces, sauna, walkin closets in all bedrooms, most amazing views from upstairs walkout deck & balconies! Check out the photos for all the details this home has to offer - 3 new HVAC systems in fall 2023. A great lifestyle with easy access to the 101 Loop and I-17. Huge storage room in lower level, service pit in single garage for the car enthusiast, & the most relaxing views of the lake and the mountains - all while living in the desert. Mature neighborhood with great amenities all around! City of Glendale servi Mature neighborhood with great amenities all around! Floorplan sketch under DOCUMENTS tab. Blueprints from original owner available.

View Property

1330 E Lynx Way Chandler, AZ 85249

$1,000,000

5 Beds

3.5 Baths

4,041 SqFt

Status Active

MLS # 6720736

Property Type Single Family Residence

Price Type --

Discover your dream investment property in Southeast Chandler. This pristine 5-bedroom, 3.5-bath home boasts a 4,041 sq. ft. interior with new updates, including a roof, two HVACs, granite/quartz countertops and more. Has an oversized private pool, hot tub, lush backyard with a secret garden, a 3-car garage, RV gate, and top-notch interior finishes. Located one block from San Tan K-8 and Quail Run Park. - Long term tenant in place

View Property

907 W Restin Road Phoenix, AZ 85086

$1,000,000

4 Beds

3 Baths

2,573 SqFt

Status Active

MLS # 6741259

Property Type Single Family Residence

Price Type --

Located on private street, this custom home was designed for comfort! Formal living and dining room features three way gas fireplace great for entertaining. Large kitchen has island, granite countertops and ample storage open to dining area and family room with built in entertainment center. Split floor plan with large master suite with private access to back yard large walk-in closet and spacious bathroom. Screened in patio looks out to spectacular back yard with large pool and pool house as well as custom bbq and fire pit. Four car garage has tandem bay for all your toys or great for workshop. Block wall surrounds property and separates large area of lot to keep your animals and toys! Minutes from schools, close to shopping, restaurants and trails.

View Property

5127 E Michelle Drive Scottsdale, AZ 85254

$1,000,000

4 Beds

2 Baths

2,159 SqFt

Status Active

MLS # 6759999

Property Type Single Family Residence

Price Type --

Gracious living in Triple Crown Community at its finest! This stunning home offers a 3-car garage and a low-care desert landscape. Discover sheer beauty & spectacular detail throughout! From the blend of wood-look & tile flooring, tall vaulted ceiling, dazzling light fixtures, and plantation shutters, this house will astonish you. Large living/dining room and harmonious great room are designed to maximize the space for airy and easy access to everyday living. Gorgeous kitchen boasts abundant cabinets & cupboards with crown moulding, stylish tile backsplash, SS appliances, quartz counters, and a waterfall island with a breakfast bar. You will be impressed by the owner's retreat, showcasing direct outdoor access, an ensuite with two vanities, and a walk-in closet with mirrored doors. PLUS! Outside, you will find the serene backyard oasis, complete with a covered patio and a shimmering pool perfect for boundless summer fun. This dream haven is the one!

View Property

12715 E Lupine Avenue Scottsdale, AZ 85259

$1,000,000

4 Beds

3 Baths

3,201 SqFt

Status Active

MLS # 6767560

Property Type Single Family Residence

Price Type --

Located in the GATED community of Sonoran Heights in a premium Scottsdale location. With four bedrooms, three full bathrooms, & a three-car garage, there's plenty of space for a family or guests. The former model UDC home offers a newly remodeled large, open kitchen with SS appliances and granite counters. Eat in kitchen, breakfast bar, and Butler's pantry. Owner's retreat is large with 8 jet oversized walk-in shower, waterfall faucets, granite tops, and glass bowl sinks. Newer water heater, remodeled pebble sheen pebble tec pool, new variable speed pump. Fitted cabinets in laundry room & garage. Some additional features include freshly painted inside and out, custom lighting, and marble flooring.throughout are some additional features. Overall, this home offers a luxurious and well-maintained living space with a host of attractive features both indoors and outdoors. Its prime location, close to schools, healthcare facilities, dining options, and recreational activities, further enhances its desirability. Minutes from the Mayo Clinic, A+ rated Desert Mountain High School or the top-rated Basis. It seems like an ideal choice for those seeking a comfortable and well-cared-for residence in a gated community with city light views.

View Property

4077 W Forest Court Pine, AZ 85544

$1,000,000

4 Beds

2.5 Baths

2,497 SqFt

Status Active

MLS # 6775255

Property Type Single Family Residence

Price Type --

A unique opportunity just in time for the fall season in this highly sought after gated community called Strawberry Hollow. This custom home, built just three years ago boasts soaring ceilings, custom woodwork, hardwood floors, and community seating around the kitchen. The extended driveway is perfect for early evening bonfires, additional guest parking or runway for the wildlife. 4 Full bedrooms, accompanied by two full baths and additional half bath is situated on one of the larger lots in the subdivision. Open all the windows for that mountain breeze or warm up near the fireplace on the cold winters days. The attached and extended two car garage provides ample area for vehicles and toys! Let this custom designed home be your next weekend getaway or home in the mountains! Dual shower heads in the master, heated toilet seats, Forever outdoor lighting, coffee bar, custom lighting just to name a few extras! Home can be turn key with selected furniture as discussed.

View Property