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

4151 S Plasma -- Mesa, AZ 85212

$499,900

3 Beds

2 Baths

1,567 SqFt

Status Active

MLS # 6650303

Property Type Single Family Residence

Price Type --

Premium lot with a big backyard surrounded by single story homes for privacy. This 3-bedroom 2-bathroom home is located in the desirable Eastmark community. Tile throughout with carpet in the bedrooms. Large kitchen island with Granite countertops. Plantation shutters on the windows facing the front of the house. SELLER TO CONTRIBUTE $5,000 TOWARDS BUYERS CLOSING COSTS.

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4133 E Tanglewood Drive Phoenix, AZ 85048

$499,900

3 Beds

2 Baths

1,350 SqFt

Status Active

MLS # 6636104

Property Type Single Family Residence

Price Type --

MINUTES to 202 and I-10 Frwys, Grocery Stores, SHOPPING, Schools, HIKING TRAILS, Parks, Entertainment, and More! * N/S Exposure * VAULTED CEILINGS * REMODELED HOME with New WOOD FLOORS, Baseboards, PAINT, Fixtures, NEW ROOF, Hardware, QUARTZ COUNTERTOPS, Recessed Lighting, CABINETS, Blinds, and CEILING FANS * Kitchen Features a BAY WINDOW in Nook Area and STAINLESS STEEL Appliances including a FRIDGE, Stove/Oven, BUILT-IN MICROWAVE, and Sink * Guest Bathroom has TILED Shower Wall and Resurfaced Tub * SPLIT Master Bedroom has a SEPARATE TUB and TILED SHOWER with DUAL SINKS and WALK-IN CLOSET * Large LIVING ROOM has FRENCH DOORS * Backyard has a COVERED PATIO, New Gravel and LUSH GREEN ARTIFICIAL GRASS! * Exterior concrete including Garage Floor has NEW CONCRETE PAINT! * LOW HOA Dues!! *

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13737 W Linanthus Road Peoria, AZ 85383

$499,900

3 Beds

2 Baths

1,800 SqFt

Status Active

MLS # 6642234

Property Type Single Family Residence

Price Type --

Wonderful opportunity to own this beautiful upgraded home in Vistancia Village! Three bedroom two bath three car tandem garage. Hardwood floors, Granite counters, Plantation Shutters open floor plan. Easy maintenance yard, community pool, clubhouse and much more. Come see this well maintained move in ready home!

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4066 E Cathy Drive Gilbert, AZ 85296

$499,900

3 Beds

2.5 Baths

2,303 SqFt

Status Active

MLS # 6637333

Property Type Single Family Residence

Price Type --

The wait is over! Book your tour on this awesome 3 bedroom, 2.5 bath, 2 garage home with loft and huge living area! Located in prime Gilbert location off Recker and Warner and close to 202! Very nice kitchen granite counters, white cabinets, kitchen island, double wall ovens, and newer dishwasher! Huge formal dining area that can be used for separate living area if desired. Functional loft on the second level perfect for work space or living area. Massive primary suite with room for sitting area and large walk-in closet. 2 sinks, separate tub and shower and private toilet room. Jack and jill bath at secondary bedrooms for added convenience. Community offers pool and spa, large grassy park, and playground. Great value and great location make this a great buy!

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2232 E Branham Lane Phoenix, AZ 85042

$499,900

4 Beds

2 Baths

2,343 SqFt

Status Active

MLS # 6638162

Property Type Single Family Residence

Price Type --

Experience the luxury of a gated community boasting a pool, heated spa, and expansive greenbelt areas. A deluxe playground awaits your kids. But there's more - our HOA also HANDLES YOUR FRONT YARD landscape maintenance. Imagine the ease of living in a beautifully landscaped community where you're free from front yard upkeep! Beautiful 4-bed, 2-bath home on a coveted corner lot! The interior features a spacious living room w/surround sound speakers for entertaining, and neutral palette. Gather your loved ones in the great room boasting a cozy fireplace & dry bar. The kitchen has Corian counters, paneled cabinets, a mosaic backsplash. Rare Find: Original Arizona Saltillo tile in the main areas. Bedrooms features NEW carpet.

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2513 E Hartford Avenue Phoenix, AZ 85032

$499,900

4 Beds

2.5 Baths

2,856 SqFt

Status Active

MLS # 6639838

Property Type Single Family Residence

Price Type --

Huge Price Reduction!!! Come check this out...you'll love this oversized lot in North Phx. (300 sq/ft shy of a 1/4 acre), NO HOA with ample parking space for RV, trailer, toys or work equipment. Lot incudes a large fenced parking area as well as large area outside the RV gates for additional parking...and is perfect for anyone running a small business that needs space for parking their equipment without having to lease yard space. This property offers two large work/storage areas. Additionally, the property offers 4 bedrooms and 2.5 baths, one of which is the massive primary bedroom with soaking tub and large walk-in shower, two patio areas, one of which has over head evaporative cooling for the warmer months.

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7527 E Pleasant Run Scottsdale, AZ 85258

$499,900

2 Beds

2 Baths

1,362 SqFt

Status Active

MLS # 6644372

Property Type Townhouse

Price Type --

This very rare floorplan in Pleasant Run, is located in the Heart of McCormick Ranch! Extremely clean, move-in ready (Brand New AC Jan/2024) Light & Bright with skylights and lots of windows. The living room has a fireplace and opens to 2 covered back patios complete with pavers & mature shaded landscaping. Updated with new stainless steel appliances, new granite counters, new neutral carpet, new fixtures, travertine floors, travertine back-splash in showers and crown molding. The Beautiful kitchen has cherry cabinets and granite counters. There is also an attached 2-car garage and spacious laundry room. All this in a well maintained pride-of-ownership neighborhood with Heated Community Pools, Tennis & Pickleball Courts plus direct access to the highly sought-after Scottsdale Greenbelt!

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4195 E Third Fairway Drive Rimrock, AZ 86335

$499,900

3 Beds

3 Baths

2,800 SqFt

Status Active

MLS # 6646037

Property Type Single Family Residence

Price Type --

This unique 3 bed, 3 bath house has been freshly remodeled and is move-in ready! This beauty displays a large front yard, 2-car garage, an extended paver driveway, & an attached pergola making for a delightful front porch. You'll love the generous living room, highlighted by a contemporary fireplace, striking light fixtures, & large windows that allow natural light to flow in. Tall ceilings, neutral palette, & sleek wood-look flooring throughout. The spotless eat-in kitchen is fully equipped w/quartz counters, ample cabinetry w/crown molding, SS appliances, & an island w/a breakfast bar. The spacious bonus room, with its charming wet bar, is Ideal for gatherings & leisure. Split floorplan allows the ability to divide the house into two separate living spaces. This opportunity is a MUST SE

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11207 S Iroquois Drive Phoenix, AZ 85044

$499,900

3 Beds

2 Baths

2,143 SqFt

Status Active

MLS # 6679134

Property Type Single Family Residence

Price Type --

Fully remodeled designer home. Upgraded from top to bottom. New cabinets throughout the house, new bathrooms, new plumbing fixtures, electrical fixtures, new double-pane window, stucco, flooring, baseboards and doors, fresh paint inside and out, new landscaping and a lot more to discover.

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5 N 119th Avenue Avondale, AZ 85323

$499,900

3 Beds

3 Baths

2,687 SqFt

Status Active

MLS # 6662962

Property Type Single Family Residence

Price Type --

Nestled within the prestigious Cold Water Springs community, this 3-bedroom, 3-bathroom home is a gem. Situated on a coveted golf course lot, panoramic views of the pristine fairways and greens greet you from every window. Step into the backyard oasis, where a large pool beckons for relaxation, while the meticulously manicured putting green offers endless entertainment. Inside, the residence boasts spacious living areas. With an open floor plan designed for seamless indoor-outdoor living, this home provides the perfect blend of sophistication and leisure, creating an ideal retreat.

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16668 W Pierce Street Goodyear, AZ 85338

$499,900

4 Beds

2 Baths

1,862 SqFt

Status Active

MLS # 6689544

Property Type Single Family Residence

Price Type --

SPECTACULAR YARD WITH HEATED POOL & SPA, OUTDOOR KITCHEN WITH WALL TV CABINET, GAS FIREPLACE, GAZEBO, 2 SHEDS & EXTENSIVE PATIO ON A HUGE CORNER LOT. This move-in ready FOUR BEDROOM home has been freshly painted outside, painted inside, has a NEW HVAC (2023), upgraded fixtures and beautiful tile throughout. The spacious foyer opens to a huge living area with vaulted ceiling. The kitchen features granite counters, custom backsplash, crown molding, large island with eating counter & built-in beverage fridge. ALL APPLIANCES INCLUDED. The Ensuite bathroom has a patio door to the covered patio. Bedrooms #3 & 4 have upgraded windows & overlook a gorgeous front yard. Low voltage lighting front & back with an abundance of palm trees, shrubs, 2 orange trees & more. You may not want to leave home!

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21838 N Scott Court Maricopa, AZ 85138

$499,900

4 Beds

2 Baths

2,312 SqFt

Status Active

MLS # 6673046

Property Type Single Family Residence

Price Type --

Golf course lot! iIncredible 3-bed + Den home sitting on a golf course lot of a quiet cul-de-sac in the desired Rancho El Dorado Community! RV gate, 2-car garage, and manicured landscaping welcome you. Enter to see a formal living & dining room, designer paint, a double-door entrance den, and high vaulted ceilings. You will love the family room boasting wood floors, built-in niches, a gas fireplace, and backyard access! The eat-in kitchen features an island w/breakfast bar, a walk-in pantry, oak cabinets, a chic backsplash, granite counters, and SS appliances. The oversize main bedroom has access to the backyard and an ensuite w/dual sinks & walk-in closet. Oasis-style backyard highlights a blue pool w/water feature, a covered patio, a storage shed, and multiple seating areas. Close to schools and shopping.

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