Where Are Mortgage Interest Rates Headed in 2018?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.

According to CoreLogic’s latest Home Price Index, national home prices have appreciated 7.0% from this time last year and are predicted to be 4.2% higher next year.

If both the predictions of home price and interest rate increases become reality, families would wind up paying considerably more for their next home.

Bottom Line 

Even a small increase in interest rate can impact your family’s wealth. Let’s get together to evaluate your ability to purchase your dream home.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

17854 W Illini Street Goodyear, AZ 85338

$454,900

3 Beds

2.5 Baths

2,333 SqFt

Status Active

MLS # 6674617

Property Type Single Family Residence

Price Type --

Welcome to the Ash Floor Plan, an exquisite single-story sanctuary thoughtfully designed to elevate your living experience. With 2333 square feet of well-crafted space, this home exudes elegance and practicality. With 3 beautifully appointed bedrooms and 2.5 Baths, the Owners Suite stands out as a true gem, boasting a walk-in closet that caters to your storage needs, keeping your belongings organized and accessible. The Owners bathroom includes a walk-in shower and offers the choice of a super shower or a luxurious bathtub and shower combination, ensuring an indulgent escape to unwind and recharge. Embrace the possibilities with a lovely front porch, versatile flex room and over-sized garage! THIS HOME IS ''TO BE BUILT''.

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8 Calle Dorado -- Tubac, AZ 85646

$454,900

2 Beds

2.5 Baths

1,866 SqFt

Status Active

MLS # 6641244

Property Type Townhouse

Price Type --

Charming Townhome located within the Cielito Lindo Subdivision. This is a 2 bedroom/2.5 Bath home with a 2 car garage. 2 master suites, each with a private balcony. There is a south facing patio of the Dining area that provides panoramic views. The location is close to the Historic Art Village of Tubac with restaurants, galleries, shops and the Tubac Historic Park. Baca Float Water Company. Streets are maintained by the HOA as is exterior painting. Furnishings available by SBOS

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18802 N 7th Place Phoenix, AZ 85024

New

$454,900

3 Beds

2 Baths

1,567 SqFt

Status Active

MLS # 6692120

Property Type Single Family Residence

Price Type --

Welcome to your newly refreshed oasis! This charming home boast a fresh interior paint job that breaths new life into every room. The heart of the home shines with brand new stainless steel appliances, making meal prep a delight. With 3 bedrooms, 2 bathrooms, and a den, there's plenty of space to spread out and make memories. Step outside to your covered patio, perfect for enjoying the outdoors year-round. Don't miss out on the opportunity to call this your own slice of paradise!

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9749 E Jerome Avenue Mesa, AZ 85209

$454,900

3 Beds

2 Baths

1,630 SqFt

Status Active

MLS # 6643948

Property Type Single Family Residence

Price Type --

Beautiful remodeled home on nice corner lot. Parks, community pool, basketball, and tennis/pickle ball right at the end of the street. Solar panels owned free and clear. Attractive landscaping front and back. Upgraded tile flooring. Newer carpet, interior/exterior paint, granite counters, stainless steel appliances, light and plumbing fixtures. Big island kitchen. Living and family rooms. Split 3rd bedroom has double doors for nice office option. Split master bedroom with large bath, separate tub and shower, large walk in closet, double sinks. Attractive security door in front and front walk tile. HVAC is 2011, water heater 2022. Very nice and move in ready! All figures and measurements are approximate - buyer to verify prior to COE.

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