Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.
This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.
Here is a chart showing the average mortgage interest rate over the last several decades.
Bottom Line
Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago. If the time is right for you to become a home owner, I’d appreciate the opportunity to assist – J.P. Cook – 602-320-4253.
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18983 N 259th Lane Buckeye, AZ 85396
New
$459,000
2
Beds
2
Baths
1,569
SqFt
Status
Active
MLS #
6694613
Property Type
Single Family Residence
Price Type
--
Better than New, immaculate Hideaway Model with Smart Home Features. 2-bed/2-bath, split floor plan w/ upgraded plank tile flooring and ''leather'' granite countertops. Designer light fixtures & custom window treatments. Open concept living offers plenty of room for dining & entertaining. Extended height, soft close cabinets, SS appliances & walk-in pantry. The spacious primary bedroom has a large bathroom, dual sinks, walk in shower & walk-in closet. Charming guest bedroom w/adjacent bath. Enjoy the beautiful landscape from the extended back patio with privacy wall and pavers. 2 car garage with tandem 4ft extension, great for a golf cart, or additional storage. Additional features: Soft water system, tankless water heater, security door, additional iron fencing with gate access on both sides of the house. Front & backyard pavers & drip system for landscaping. Sun City Festival is an active adult community with plenty of activities. Complete gym, pickleball court, group classes, 27-hole golf course, 2 resort-style pools, onsite rec center, walking trails, and an indoor walking track. Don't miss the opportunity, come see this home today.
11005 W Hadley Street Avondale, AZ 85323
$458,995
4
Beds
3
Baths
2,070
SqFt
Status
Active
MLS #
6680585
Property Type
Single Family Residence
Price Type
--
Explore this stunning Slate home on a corner lot, ready for quick move-in! Included features: a welcoming covered entry; a spacious great room with 12' center-meet doors leading onto a serene covered patio; a dining nook; an open kitchen boasting white 42'' upper cabinets, 3x6 backsplash, quartz countertops, a walk-in pantry, an island and stainless-steel appliances, gas range. a central laundry; an elegant primary suite showcasing an added window, a generous walk-in closet and a private bath with double sinks, a shower and a soaking tub with 12x12 tile surround; three secondary bedrooms, including one with an attached bath; a third full bath and a 2-car garage with a service door. This home also offers cultured marble bathroom countertops, 7''x22'' ceramic tile flooring, ceiling fan prewiring, front yard landscaping, and a concrete-paver driveway and walkway. Also included is a belt drive garage door opener, soft water pre-plumb, and a gas stub at the back patio, plus more.
2755 E Tie Down Drive San Tan Valley, AZ 85140
$458,990
5
Beds
3
Baths
1,968
SqFt
Status
Active
MLS #
6691396
Property Type
Single Family Residence
Price Type
--
Welcome to Wales Ranch! San Tan Valley's newest master planned community. A wealth of amenities to enjoy. Homeowners will enjoy easy access to great local attractions and amenities, including shopping and dining at Queen Creek Marketplace, outdoor recreation at San Tan Regional Park, fresh produce at Schnepf Farms and popular sites such as Queen Creek Olive Mill. A copy of the public report is available on the Arizona Department of Real Estate's website.
5487 S 251st Drive Buckeye, AZ 85326
$458,990
4
Beds
3
Baths
2,301
SqFt
Status
Active
MLS #
6648977
Property Type
Single Family Residence
Price Type
--
Welcome to The Residences at Copper Falls! April Move-In. Amazing split floor plan with mother-in-law suite, flex room, all four bedrooms are spacious, and adorned with designer upgrades. Flex room for office/formal dining/game room! Highlights include GE stainless steel appliances, granite countertops in the kitchen, a tiled kitchen backsplash, and 36'' white shaker cabinets with hardware. Additionally, the home boasts upgraded tile flooring, ceiling pre-wires in all bedrooms and the great room, a soft water loop, Smart Home, and more! Enjoy Copper Falls amenities, including a tot lot, Ramada, BBQ grills, bike rack, and a half basketball court.