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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15830 N 5th Drive Phoenix, AZ 85023

$500,000
3 Beds
2.5 Baths
1,861 SqFt
Status Active
MLS # 6662959
Property Type Single Family Residence
Price Type --
Discover Tamarac at Moon Valley's allure! This well-maintained 3-bed, 2.5-bath gem effortlessly blends style and comfort. Vaulted ceilings create an airy ambiance, complemented by a full interior paint job. The main floor hosts a master bedroom with a soaking tub and a separate shower for ultimate relaxation. The versatile loft adds allure with 2 additional bedrooms and 1 bath upstairs. The kitchen boasts granite counters and a complete water filtration system. Outside, the corner lot charms with tranquil landscaping. The side yard features turf and a fenced area for pets to frolic. The HOA ensures front yard maintenance and exterior paint. Home is right around the corner from the community pool and mailbox! Easy access to freeways, shopping, dining, and parks!

18192 E Via Jardin -- Gold Canyon, AZ 85118

$500,000
4 Beds
2 Baths
2,167 SqFt
Status Active
MLS # 6667927
Property Type Single Family Residence
Price Type --
Come and see this beautiful 4-bedroom, 2-bathroom home with split floor plan located on a large corner lot! This fully landscaped yard comes complete with a spacious covered patio, large side yard with 6 raised garden beds and automatic irrigation system throughout! There is ample space for relaxation and entertaining. Inside the home you will find an open floor plan with updated appliances and flooring, hard-wired ethernet throughout the house, and breathtaking mountain views from your family room and primary bedroom. Nestled in the serene surroundings of Gold Canyon, this home offers easy access to hiking trails, golf courses, a community playground and all of the amenities this charming town has to offer! Don't miss your chance to call this peaceful retreat your own!

16254 W Tuscany Way Surprise, AZ 85374

$500,000
2 Beds
2 Baths
2,035 SqFt
Status Active
MLS # 6664856
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated single level golf course home in the highly desirable community of Sun City Grand. As you enter the home you are greeted with a wall of windows framing the beautiful golf course views, an open floor plan with fresh neutral colors and rich travertine style tile. The over sized master bedroom boasts bay windows, a huge walk in closet and recently remodeled bathroom with granite countertops and walk in shower. Venture down the hallway to the chef's kitchen with Island, granite countertops, stainless steel appliances that all look out to the warm and inviting family room with stacked stone gas fireplace. Whether you would like the privacy of your quaint front patio or the wide open views on your back patio of the 17th tee box of the Desert Springs Golf Course, this home provides you the canvas to enjoy the amazing outdoor living that Arizona has to offer! Welcome to your next Home Sweet Home!

11326 E Sandoval Avenue Mesa, AZ 85212

$500,000 - 4Br/2Ba -  for Sale in Keighley Place, Mesa
Open House
$500,000
4 Beds
2 Baths
1,794 SqFt
Status Active
MLS # 6701291
Property Type Single Family Residence
Price Type --
Welcome to this appealing residence with a tasteful neutral color paint scheme that creates a welcoming ambiance throughout. The primary bathroom offers a relaxing experience with a separate tub and shower, double sinks, and the kitchen has beautiful stainless steel appliances, a kitchen island, and an accent backsplash for added style. Fresh paint and new appliances give the interior a like-new feel, ensuring reliability and quality. The primary bedroom features a generous walk-in closet for storage needs. Outside, the fenced-in backyard provides privacy and space for gardening or leisure activities, while the covered patio is perfect for relaxation. This residence embodies comfortable and modern living, offering a perfect balance of style and functionality for your enjoyment.

5632 W Bloomfield Road Glendale, AZ 85304

$500,000 - 4Br/2Ba -  for Sale in Mission Groves 2 At Marshall Ranch Lt 1-76 Tr A B, Glendale
Open House
$500,000
4 Beds
2 Baths
2,145 SqFt
Status Active
MLS # 6694038
Property Type Single Family Residence
Price Type --
This inviting home is located in the popular Marshall Ranch Community. It's well cared for and very spacious with its high ceilings. It features a nice entryway leading to big living spaces. Inside, there's a mix of laminate, carpet, and tiled floors, making it cozy and stylish. The layout is smart, with the bedrooms separated for privacy. There's even a separate office for work or study. This home also has a spacious great room that opens up to the kitchen. This home offers lots of comfort and is easy to see. room, creating a perfect haven for gatherings. Imagine preparing meals in the kitchen while staying connected to loved ones in the family room. This open layout fosters a sense of connection and togetherness. A private sanctuary awaits Just beyond the living areas, a back patio beckons. Envision yourself unwinding after a long day, enjoying the tranquility of the fresh air and scenic views. A perfect place to all home. This captivating home offers endless possibilities for comfortable living. Easy to show and sure to impress, it won't last long!

133 W Latona Road Phoenix, AZ 85042

$499,999
4 Beds
2.5 Baths
2,126 SqFt
Status Active
MLS # 6686503
Property Type Single Family Residence
Price Type --
Ask about how to qualify for $0 down and a 4.99% interest rate! Ascend Communities proudly unveils Latona Fontaine, where 11 meticulously crafted lots offer unparalleled vistas of the majestic South Mountain. Introducing the Sage floorplan, a spacious retreat spanning 2126 square feet with 9 foot ceilings on both floors. Inside, the open living area seamlessly connects the living room to the dining area, offering scenic views of South Mountain through large windows. Upstairs, find four bedrooms, plus a versatile loft, catering to your family's needs. The Sage floorplan is designed for modern family living, blending comfort, style, and functionality. Finishes in this home include luxury vinyl plank flooring throughout, can lighting, 40 soft-close white shaker cabinets in the kitchen, quartz countertops, gourmet kitchen backsplash, custom tile shower in the primary bathroom, black hardware throughout and pre-wiring for ceiling fans. Nestled at the intersection of Central Ave. and Baseline Rd. This vibrant community boasts an unbeatable location within walking distance of picturesque hiking trails at South Mountain, perfect for adventurous family outings. As an added delight, an exclusive pedestrian gate offers seamless access to the scenic highline canal, just a stone's throw away from your residence. Beyond nature's doorstep, enjoy seamless access to public transportation, urban conveniences, and easy connections to major freeways: Interstate 10, Interstate 17, and the 202. Embrace the best of both worlds - serene natural escapes and city accessibility, making Latona the ultimate choice for families seeking adventure and convenience.

2411 N Longmore Street Chandler, AZ 85224

$499,999
3 Beds
2 Baths
1,508 SqFt
Status Active
MLS # 6690987
Property Type Single Family Residence
Price Type --

14383 W Dahlia Drive Surprise, AZ 85379

$499,999
3 Beds
2.5 Baths
1,929 SqFt
Status Active
MLS # 6693259
Property Type Single Family Residence
Price Type --
One of the top Family communities in AZ. Check out all of the Amenities that Marley Park has: Pool,Community Center, Parks & more. Located within a 5 minute walk to #1 Voted, Admission Free, Charter school for 8 straight years! LEGACY TRADITIONAL SCHOOL K-8 Enter into this beautiful Foyer with a Tray Ceiling and 6x24 Faux Wood Ceramic Tile throughout accented with 4 1/4'' Baseboards. To the right you will find 2 bedrooms with upgraded carpet and a full bath in this split Cottonwood model floorplan. Next enter into an open area with the Kitchen, Great Room & Dining Area. The Kitchen has Silestone Countertops paired with Shaker Style White Maple Cabinets & Dovetailed drawers. Adjacent to kitchen is an office with the Master Bedroom privately tucked away in the back corner of the home. Check out the master bathroom which includes a spectacular tiled super shower. Finally, exit to outdoor family oasis.The backyard covered patio has been extended with an amazing 21' x 22' Pergola. The yard has pet friendly turf surrounded by pavers, rocks and amazing plants. Check out the extra wide, 8 ft., side yard with access through the RV Gate. Almost forgot to mention the home has upgraded lights, plumbing fixtures, home theatre pre-wire, two tone paint, ceiling fans and a soft water loop.

18643 W Miami Street Goodyear, AZ 85338

$499,999 - 3Br/3Ba -  for Sale in Las Brisas Phase 1, Goodyear
New
$499,999
3 Beds
2.5 Baths
2,489 SqFt
Status Active
MLS # 6701844
Property Type Single Family Residence
Price Type --
The perfect stunning 3-bedroom, 2.5-bathroom residence nestled in the heart of Goodyear. This home boasts Contemporary light fixtures and open floor plan seamlessly connects the family room to the chef's kitchen. The kitchen featuring a gas cooktop, granite countertops, and sleek stainless-steel appliances. a large island. A master suite, with a full bathroom that has dual sinks, separate tile shower and tub, large walk-in closet. RV Gate, A garage that offers durable epoxy floor ensures easy maintenance, while the well-organized cabinets optimize storage efficiency, resulting in a space that is both visually appealing and highly practical. Your new home awaits you! organized cabinets optimize storage efficiency, resulting in a space that is both visually appealing and highly practical. Your new home awaits you!

1744 E Laddoos Avenue San Tan Valley, AZ 85140

$499,999
2 Beds
2 Baths
1,928 SqFt
Status Active
MLS # 6687481
Property Type Single Family Residence
Price Type --
Professioanl pics coming soon! Welcome to Ecanterra!! A stunning gated community with all of the amenities you could ask for. insanely gorgeous Golf Course, multiple swimming pools, restaurants and bars, club house, and workout center, etc.! This corner-lot 2 bed, 2 bath property is well appointed with large kitchen island w/ granite countertops. Central vac and new TRANE A/C unit for efficient cooling. You will love living here!!

2739 E Windsor Avenue Phoenix, AZ 85008

$499,999
4 Beds
3 Baths
1,544 SqFt
Status Active
MLS # 6609476
Property Type Single Family Residence
Price Type --
Sellers Offering 2% Concession. Centrally located 3bd/2ba Main house with 230 sq ft guest house with a bathroom and no HOA. Close to hospitals, AZ Center, sports stadiums, symphony hall, light rail, parks, airport and hiking nearby at Camelback Mtn. The home has a welcoming great room that leads right into the beautifully updated kitchen with quartz countertops, pendant lighting, stainless steel appliances and tile/vinyl throughout the whole downstairs. The primary suite is downstairs with a large walk-in closet and its own ensuite. Stairs were redone with vinyl. The upstairs has 2 bedrooms with walk-in closets and a hall bathroom. Guest house has its own AC unit, bathroom, and beautiful vinyl flooring. Roof replaced 2022 & new AC on the main house in 2019.

6525 W El Cortez Place Phoenix, AZ 85083

$499,999
3 Beds
2 Baths
1,720 SqFt
Status Active
MLS # 6678806
Property Type Single Family Residence
Price Type --
Stunning Designer 3bed/2bath Home Located In Quiet Hillside Development On A Cul De Sac Lot* Gorgeous Interior Design Draped In Soft Neutral Palette Colors* Kitchen w/ Plenty of Cabinets Space, Large Pantry & Island to entertain Your Guests* The 12'X 20' Office/Homeschool/Media Room Is Perfect For the New Lifestyle Demands* Nice Size Master Suite & Bath W/ Dbl Sinks & Lg Walking* French Doors Leads Out To Covered Patio & Spacious Backyard W/ Manicured Tiff Winter Lawn* Sunset Views Of Luden Mtn W/Access to Hiking & Endless Mountain Biking* Please Read Semi Private Remarks Regarding the APS solar PANEL AGREEMENT... There is no monthly fee and the homeowner is credited a monthly amount for APS allowing them to use the panels to feed their power grid system

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