Where Are Mortgage Interest Rates Headed in 2018?

Where Are Mortgage Interest Rates Headed in 2018? | Simplifying The Market

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.

Where Are Interest Rates Headed? | Simplifying The Market

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.

What’s Your Home Worth?

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1572 Mission Viejo Drive Sierra Vista, AZ 85635

$515,000
5 Beds
3 Baths
2,779 SqFt
Status Active
MLS # 6698059
Property Type Single Family Residence
Price Type --
This gorgeous 5 bedroom & 3 bathroom home on over a quarter of an acre in the desirable Coronado Crossing neighborhood feels like a model home! The exterior of the home has fresh paint (2023), mature trees & flowers, shutters, a beautiful custom security screen door, & an additional driveway that leads to oversized covered parking for your RV or boat! When entering you will appreciate the vaulted ceilings, premium wood look tile in all the right places, an open layout & a gorgeous custom stone fireplace as the center of the home. The kitchen is bright & airy with an eat-in area, large windows, granite countertops, newer stainless appliances (double oven included), and a wall full of cabinets. This home has a large formal dining room, separate family room/den... granite countertops in all the bathrooms, spacious bedrooms, 2 AC units, newer hot water heater, smart thermostats, & so much storage! In the backyard you will find a covered patio, large grass area, a garden, beautiful native plant by design border the common areas, fruit trees, a custom chicken coop, raised garden beds, & storage shed!

914 W Loughlin Drive Chandler, AZ 85225

$515,000
3 Beds
2 Baths
1,480 SqFt
Status Active
MLS # 6699972
Property Type Single Family Residence
Price Type --
New Remodel Home!!! Available For Immediate Move In!! This Delightful, Adorable & Warm Home Located In An Quiet Neighborhood Community of North Chandler, Also It Conveniently Close to Golf Lands, Parks, Lots of Shopping & Dining Options and Easy Access Main Freeway I-10,101 & 60. This 3bed/2bath/2car Garage Property With Split Bedroom Floor Plan And A Large Backyard Plus RV Parking Spot. Many Upgrades Like: New Kitchen, New Flooring, New Interior Painting, New Appliance, New Lighting, New Roofing in 2022, etc... . Kitchen Opens to the Great Room With a large Patio Door Overlooking The Backyard. Front Room Can Be Used As A Home Office Or Formal Dining Room. Quick Come to Check Before it's Gone!!

4490 W Pelotazo Way San Tan Valley, AZ 85144

$515,000
3 Beds
3 Baths
1,966 SqFt
Status Active
MLS # 6699737
Property Type Single Family Residence
Price Type --
Exquisite taste and redefined. This stunning newly built 2019 residence boasts 3 bedrooms, 3 bathrooms, and a spacious 3 car garage featuring epoxy flooring. Enjoy breathtaking views of the majestic San Tan Mountains from the comfort of your own backyard oasis. Step inside to discover luxurious touches throughout, including 12x24 inch tile flooring and upgraded carpeting. The sleek, modern kitchen is adorned with espresso cabinets, complemented by pristine white ice quartz countertops and new fixtures, perfect for entertaining in the open concept dining area. Unwind in the expansive primary suite, complete with an oversized shower. Outside, indulge in relaxation and recreation with your very own pool surrounded by exquisite travertine tile. Don't miss out on this blend of elegance.

5613 W Carson Road Laveen, AZ 85339

$515,000
4 Beds
2 Baths
2,354 SqFt
Status Active
MLS # 6701982
Property Type Single Family Residence
Price Type --
Spacious 4 bedroom single story home in the gated community of Cottonfields. The interior has been newly painted and new flooring has been installed in 2024. Brand new water heater has been installed in 2023. The home is conveniently located in a growing neighborhood with many retail businesses near by. Close to Loop 202, shopping, and restaurants. The low maintenance backyard makes it easy to enjoy Arizona's beautiful weather.

2851 S Wildrose Street Mesa, AZ 85212

$515,000
3 Beds
2 Baths
1,613 SqFt
Status Active
MLS # 6703651
Property Type Single Family Residence
Price Type --
Welcome to your oasis located in Santa Rita Ranch! This meticulously maintained single story home has been recently updated with all new interior paint, newer tile flooring and newer carpet! Step inside to discover a spacious layout with an abundance of natural light. The kitchen features sleek stainless steel appliances and ample counter space and cabinet storage. Retreat to the master suite with its own ensuite bath for relaxation after a long day. Outside the backyard paradise awaits with an extended covered patio, a sparkling modern design pool w/Baja step, large turf space making it the ideal backyard for soaking up the Arizona Sunshine. This home is conveniently located in the desirable Santa Rita Ranch community with easy access to parks, schools, shopping, dining and entertainment

11117 W Sunflower Place Avondale, AZ 85392

$515,000
4 Beds
2 Baths
2,223 SqFt
Status Active
MLS # 6700938
Property Type Single Family Residence
Price Type --
THIS IS THE ONE! * Private Pool + 4 Bedrooms + 2,233 sq.ft. in the sought after GARDEN LAKES Neighborhood! * Gorgeously REMODELED and Shows like a MODEL Home * Designer Touches T/O * Quartz Kitchen Counters. Stainless Steel Appliances * All NEW Flooring & Tall Baseboards * Fresh Interior & Exterior Paint. NEW Fixtures t/o. LARGE Master Bedroom w/ Two Closets * Separate Family, Living, and Dining Rooms ** NEW ROOF ** NEW A/C in 2023 * GREAT SCHOOLS * Dual Pane Windows * Large Patio for Entertaining * POOL just Acid Washed & Serviced, Ready for the Summer! * Near the LAKES/Greenbelt/Playground/Sport Court/Walking Paths * MOVE-IN READY! ** Ask About Our Current BUYER INCENTIVES **

14253 S Cholla Canyon Drive Phoenix, AZ 85044

$515,000
3 Beds
2 Baths
1,438 SqFt
Status Active
MLS # 6702271
Property Type Single Family Residence
Price Type --
ONE STORY GEM IN MOUNTAIN PARK RANCH!! Vaulted ceilings. 20'' neutral tile/ plush carpet throughout & 2-tone paint. Kitchen remodeled with granite and stainless appliances. Baths with granite, & white cabinets and newly tiled shower/tubs. Newer windows in bedroom area & newer great room patio doors. Nice backyard w/large patio Perfect location in the Ahwatukee/Foothills area with great shopping/restaurants and freeway access.

3919 W Buckskin Trail Phoenix, AZ 85083

$515,000
3 Beds
2.5 Baths
1,656 SqFt
Status Active
MLS # 6703305
Property Type Single Family Residence
Price Type --
Magnificent 3-bedroom, 3-bathroom abode featuring vaulted ceilings and expansive windows in the spacious great room and formal dining area. The kitchen boasts a convenient breakfast bar for casual dining. The master bedroom includes a generous walk-in closet. Step outside to enjoy the covered patio and refreshing pool. The property offers a charming mix of lush front lawn and low-maintenance desert landscaping in the backyard. Conveniently located within walking distance to a strip mall and close to golfing and hiking trails, offering a perfect blend of comfort and convenience. You need to see this today!

10442 W Cordes Road Tolleson, AZ 85353

$515,000
5 Beds
3 Baths
3,021 SqFt
Status Active
MLS # 6703269
Property Type Single Family Residence
Price Type --
Discover this stunning 5br 3 bathroom home in the desirable Park Forest neighborhood of Tolleson, AZ. Constructed in 2020, this property offers over 3,000 square feet of meticulously designed open-plan living space, perfect for modern lifestyles. Features include a spacious 3 car garage, a securely fenced backyard and a covered patio ideal for outdoor enjoyment. Inside, you'll find luxurious granite countertops and ample storage options. The layout includes a convenient main floor bedroom and office, perfect for work from home arrangements. The upstairs area boasts a versatile bonus room suitable for a gym, media center or craft area. Additional comforts include tiled flooring, ceiling fans in each bedroom and air conditioning to ensure year round comfort. Ideal luxury & practical home.

3745 W Kings Avenue Phoenix, AZ 85053

$515,000
4 Beds
2 Baths
1,968 SqFt
Status Active
MLS # 6703892
Property Type Single Family Residence
Price Type --
Welcome to this newly remodeled single-story home, boasting 4 bedrooms & 2 bathrooms. Located near ASU West & Much More. Step into the spacious Living room- perfect for gatherings. The adjacent kitchen features stainless steel appliances, quartz countertops, breakfast bar & over looks adjacent family room. Throughout the home, modern fixtures adorn every corner, with new tile flooring & carpeting. The primary suite is complete with a 3/4 ensuite bathroom and a spacious closet. Step outside to a covered patio, grass & plenty of space to entertain. Don't miss this opportunity.

4040 W Coneflower Lane San Tan Valley, AZ 85144

$515,000
4 Beds
3 Baths
2,027 SqFt
Status Active
MLS # 6703042
Property Type Single Family Residence
Price Type --
This rare find will surely impress you! Discover this incredible 4-bedroom property in the popular San Tan Ridge awaiting its new owners! The inviting interior features an immaculate open layout filled w/abundant natural & lovely light fixtures, tall ceilings, & wood-style vinyl flooring. Cozy family room is ideal for intimate gatherings. Kitchen is equipped with a gas cooktop, granite counters, recessed lighting, staggered wood cabinetry w/crown molding, tile backsplash, a walk-in pantry, & an island w/a breakfast bar. Retreat to the carpeted main suite that boasts a private bathroom with dual sinks & a walk-in closet. The backyard invites you to relax & have fun! Providing a covered patio overlooking a fantastic mountain view & a refreshing pool w/a built-in basketball hoop. Act now!

1468 N Hamilton Place Chandler, AZ 85225

$515,000 - 3Br/2Ba -  for Sale in Stonegate Crossing Unit 2, Chandler
New
$515,000
3 Beds
2 Baths
1,632 SqFt
Status Active
MLS # 6704681
Property Type Single Family Residence
Price Type --
Check out this 3-bed, 2-bath Chandler remodel in the heart of Stonegate Crossing located perfectly across from Stonegate Park! NO HOA! Fantastic Location with no neighbors behind! RV gate/parking, 2-car garage w/built-in cabinetry, & extra-long driveway allow you to bring all your vehicles! The light & bright floor plan features a welcoming entryway, arched doorways, vaulted ceilings, a fireplace, & thick baseboards. The L-shaped great room & cozy family room provide endless entertainment possibilities! Cook delicious meals in the ample kitchen showcasing built-in appliances, wood cabinetry, a breakfast bar, & a pantry. Oversized main bedroom has dual closets & an ensuite w/grab bar in the shower & an L-shaped vanity w/double sinks. Discover a backyard w direct park access. Plus solar.

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