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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5040 S Equestrian Avenue Sierra Vista, AZ 85650

$489,500
4 Beds
2 Baths
2,580 SqFt
Status Active
MLS # 6677420
Property Type Single Family Residence
Price Type --
Panoramic MOUNTAIN AND WATERFALL views from this fabulous 4 bdrm/2 bath, 2580 sqft upgraded home on 1.35 acres! Majestic sunsets from expansive covered patio & fenced backyard oasis. Enclosed courtyard for sunrises/gardening. Stone fireplace accents two large living areas and open floor plan perfect for relaxation/entertaining. Great rm boasts natural sunlight w/stunning quartz countertops atop dark wood cabinetry in kitchen. Tile backsplash, stainless appliances, stainless topped island and fabulous farmhouse sink! Bdrms are generously sized, baths remodeled & upgraded. Gorgeous tile/carpet flooring, earth-tone paint. Too much to list! Circular drive, extra garage pad, and RV space/gate and inner courtyard garden. Country luxury near everything!

5168 S Desert Willow Drive Gold Canyon, AZ 85118

$489,500
2 Beds
2 Baths
1,599 SqFt
Status Active
MLS # 6679127
Property Type Single Family Residence
Price Type --
Panoramic South views of Large Desert Landscapre. Move-in Ready. Formal foyer leads into living room, with vaulted ceilings. Electric fireplaces and wood floors in living/dining rooms. Tile floors in rest of home (no carpet). Kitchen and bathrooms upgrated granite counter tops. Stainless steel appliances. Split floor plan. Master Retreat with sliding glass door leads to private extended tile patio to view the setting sun. Master Bath updated with walk in shower and additional linen closet. Master has dual sinks, and huge walk in closet. 2nd bed room has corner windows with a light bright open space. 2nd Bathroom updated with walk in Shower. Full size den with double doors and another electric fireplacenprovides for a cozy extra rm Home has many upgrades Avail Unfurni There are 2 electric fireplaces: 1 in Living room come with remote control, the other in Den. Engineered wood floors in both of these areas (put in 2022). Rest of home Tile Floors, also 2022, (no carpet) . Kitchen & Baths updated with granite counter tops and walkin showers in each of the bathrooms. Den has double doors entry. Window screens have been replaced. Back patio area has a lovely fountain, citrus trees (lemon and lime) and latices on each side of the patio. A roller shade has been added on patio, for additional privacy and shade from the sun. Garage has Epoxy flooring, built in cabinets, and additional storage rack attached to the upper section of the garage. Hot water heater has been updated 2019. HVAC was updated in 2013. Newer water softner/osmosis. Replaced water shutoffs and pripes to water meter. Roof updated in 2013. Outside of home painted in 2016, inside repainted 2014. Plantation shutters in all front windows - 2 yrs old. Move-in Ready. Property available Unfurnished only.

3061 W Country Club Terrace Phoenix, AZ 85027

$489,500
4 Beds
2 Baths
2,082 SqFt
Status Active
MLS # 6653444
Property Type Single Family Residence
Price Type --
Great home, great location, 4 great bedrooms, a great room and great a mountain view. Hop in the car, on your bike or walk on over and take a look.

41371 N Yorktown Trail Anthem, AZ 85086

$489,500
3 Beds
2 Baths
1,577 SqFt
Status Active
MLS # 6663078
Property Type Single Family Residence
Price Type --
Welcome home! Priced to move. New roof underlayment. 2019 HVAC. Bedrooms, living & dining room w/new paint! 3 blocks from Gavilan Peak School! Upgraded w/granite countertops, water softener, plantation shutters & crown molding in all the right places. Ceiling fans in all 3 bedrooms & living room. Master bedroom w/its own bathroom w/duel sinks, garden tub & walk-in closet. Corner lot w/nice sized back yard w/flagstone & inviting firepit. Oversized garage w/storage shelving. Mounted TV, electrical fireplace & laundry room washer & driver convey. Anthem is a fabulous multi-gen community, w/activities for all. Anthem has water park, pool, fitness center, gym, rock climbing, tennis, Pickle ball, Daisy Mountain Railway train, fishing pond & play areas. Come w/family & enjoy Anthem's lifestyle! With new roof underlayment, Two layers of MB Technology Layfast TU43 modified SBS fiberglass mat. 30 year limited warranty provided by the manufacturer. Anthem Roofing LLC warranty: 15 year limited workmanship warranty.

16080 W El Cortez Place Surprise, AZ 85387

$489,490
4 Beds
3 Baths
2,342 SqFt
Status Active
MLS # 6602025
Property Type Single Family Residence
Price Type --
Brand new, energy-efficient home available NOW! A unique single-story home featuring a social living area. Umber cabinets with white/grey granite countertops and multi-tone carpet in our Elemental package. Paloma Creek is now pre-selling in Surprise. Residents will enjoy floorplans that feature flex spaces, 5 bedroom layouts and covered back patios. There's fun for the whole family at the community clubhouse, pool, outdoor kitchen, and fitness center. Each energy-efficient home comes standard with features that allow your whole family to live better and breathe easier too.* Visit Paloma Creek today. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

19032 N Kristal Lane Maricopa, AZ 85138

$489,000
4 Beds
2.5 Baths
3,725 SqFt
Status Active
MLS # 6662859
Property Type Single Family Residence
Price Type --
VERY SPACIOUS 4 BEDROOM PLUS LARGE LOFT/GAME ROOM AREA. LARGE FAMILY AREA OFF THE KITCHEN. KITCHEN ISLAND. NEW FLOORING THROUGH OUT THE HOME AND WINDOW COVERINGS. 3 CAR GAR, CLOSE TO PARKS AND ENTERTAINMENT

4940 N Badger Road Prescott Valley, AZ 86314

$489,000
3 Beds
2 Baths
1,748 SqFt
Status Active
MLS # 6648669
Property Type Single Family Residence
Price Type --
Come see stunning forever views of the Mingus Mountains all the way to the San Francisco Peaks! Welcome home to this 3 bedroom 2 bath home with a dramatic stone fireplace housing a Vermont Castings stove that just about heats the entire house, providing for low, low utility bills. It even has a catalytic converter so you can burn it anytime! Larger kitchen with reverse osmosis system. Whole house exhaust fan helps keep the house cool in summer. Spacious primary bedroom with a roomy walk in closet and ensuite featuring two shower heads. The roof is only 6-7 years old. Outside, there is a huge raised garden bed and two large Tuff sheds, one of which is only four years old. You'll just love the gorgeous views out the living room and dining room windows.

11662 W Levi Drive Avondale, AZ 85323

$489,000
4 Beds
3 Baths
2,216 SqFt
Status Active
MLS # 6673488
Property Type Single Family Residence
Price Type --
Welcome to this single story home that offers the perfect blend of comfort, style and convenience. Located on a corner lot in the master planned community of Alamar. This meticulously maintained home boasts 4 bedrooms & 3 bathrooms, providing ample space for both relaxation & entertainment. Step inside to discover a spacious & inviting interior, featuring an open floor plan with a custom kitchen that includes a waterfall edge quartz island, CAFE appliances, subway tile backsplash & walk-in pantry. The luxurious master suite is your private oasis, offering a peaceful retreat after a long day. The ensuite bathroom features dual vanity sink & shower. Split floor plan with tile in main living areas. Private covered patio & yard with fresh stone. Close to pool & parks. Mountain Views!

1209 E Northshore Drive Tempe, AZ 85283

$489,000
3 Beds
2 Baths
1,392 SqFt
Status Active
MLS # 6659260
Property Type Apartment
Price Type --
Remodeled Waterfront Condominium in The Lakes with gorgeous south-facing views of North Bay is ready for you to Enjoy! This 3 bedroom, 2 bathroom upper level condominium features beautifully designed kitchen and baths, inside laundry, luxury vinyl flooring in the main living areas, vaulted ceilings, recessed lighting, stainless steel appliances and new dual pane window throughout! Runaway Point offers a private swimming pool and The Lakes offers year-round swimming, spa, New tennis and pickleball courts, indoor racquetball courts and fitness center. You'll Love Living In The Lakes!

6586 S Weavers Needle Trail Gold Canyon, AZ 85118

$489,000
3 Beds
2 Baths
1,878 SqFt
Status Active
MLS # 6671038
Property Type Single Family Residence
Price Type --
BEAUTIFUL 1-story home on a PREMIUM extra large LOT w/DRAMATIC MOUNTAIN VIEWS! Over $35k in upgrades in 2023! NEW wood look flooring throughout - NO carpet! NEW water heater, R/O, water softener + AC condenser! NEW paint inside/outside! NEW dimmable ceiling lighting in main living areas! Newly renovated kitchen w/newer appliances, painted cabinets w/soft close, island w/breakfast bar + breakfast room!! Main bedrooms w/ensuite bath + walk-in closet! Step outside to your PRIVATE BACKYARD OASIS with built-in BBQ, NEW roof on covered porch + view fencing w/long range MOUNTAIN VIEWS! PERFECT for year round living! Wonderful GATED neighborhood w/lots of great shopping/restaurants nearby! Welcome home

3822 W Fallen Leaf Lane Glendale, AZ 85310

$489,000
3 Beds
2 Baths
1,799 SqFt
Status Active
MLS # 6667372
Property Type Single Family Residence
Price Type --
Great home with fully paid solar and newer HVAC! Clean and ready for move-in, this home is a must see! Located in a popular area, close to the 117 & 101 and Sandra Day O'Connor High School. This home has a light and bright open floor plan, with 2 main living spaces and 3 spacious bedrooms. The kitchen is open to the living room and features gas stove, granite counters, and kitchen island with breakfast bar seating. All hard flooring throughout...no carpet! Relax in the backyard under the covered patio or play in the grass under the tree. Newer AC, water softener, and paid solar for under $500K...this truly is a great house!

25228 N 133rd Avenue Peoria, AZ 85383

$489,000
4 Beds
3 Baths
1,958 SqFt
Status Active
MLS # 6675115
Property Type Single Family Residence
Price Type --
Welcome to The Views at Rancho Cabrillo! This is a new build home by Scott Communities. This one is the 3513 plan with 4 bedrooms and 3 bathrooms. You walk into an open split floor plan. A great use of space with a nice flow into the great room. This one has has a nice kitchen with 42'' upper cabinets and a beautiful white sand Quartz counter tops! Stainless steel appliances with a gas range. Great room layout with an eat-in kitchen. Very nice patio and good size lot! Come out and see this home and beautiful north Peoria community!

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