To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end of the year.
However, the exact opposite has happened. Instead of higher rates as we head into the middle of 2017, we now have the lowest rates of the year (as reported by Freddie Mac). Here is a graph of mortgage rate movement since the beginning of the year:
Projections still call for an increase…
Four major entities (Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors) are still projecting that rates will increase by the fourth quarter of the year.
Bottom Line
No one knows for sure where interest rates will be in six months. However, if you are thinking about buying your first house or trading up to the home of your dreams, you can still get a mortgage at historically low rates RIGHT NOW. Give me a call to get started. J.P. Cook – 602-320-4253.
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43 N Dewey Drive Gilbert, AZ 85234
New
$524,999
3
Beds
2
Baths
2,031
SqFt
Status
Active
MLS #
6759139
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home! This beautifully appointed 3-bedroom, 2-bathroom residence is nestled in the heart of the highly sought-after Gilbert area, offering both comfort and convenience. Step inside to discover a bright and airy open floor plan, featuring a spacious living room that seamlessly flows into a modern kitchen equipped with stainless steel appliances and ample counter space—perfect for family gatherings or entertaining friends. Located just minutes from local parks, top-rated schools, and the premiere vibrant shopping district of Downtown Gilbert, this home offers the perfect blend of suburban tranquility and urban accessibility. Don't miss the chance to make this charming property your own!
87 S 195th Lane Buckeye, AZ 85326
New
$524,999
5
Beds
3
Baths
2,913
SqFt
Status
Active
MLS #
6755864
Property Type
Single Family Residence
Price Type
--
Welcome to this stunning 2-story gem, adorned with charming stone accents, invites you in with its warm and welcoming atmosphere. Step inside to discover an energy-efficient haven, where gorgeous wood-look floors and soft recessed lighting create the perfect ambiance for relaxation and gatherings. The open-concept living and dining areas offer plenty of space for entertaining, while the great room flows seamlessly into a gourmet kitchen that's sure to inspire your inner chef. With sleek granite countertops, stainless steel appliances, ample cabinetry and a spacious island with a breakfast bar, this kitchen is both stylish and functional. Upstairs, retreat to the tranquil main bedroom, where you'll find a calming color palette, dual sinks in the ensuite, and a large walk-in closet, offering a private escape at the end of the day. The versatile loft is perfect for a media room, home office, or a cozy reading nook. Step outside to your private oasis - the spacious backyard features a covered patio, a lovely paver seating area, and a peaceful spot to relax under clear blue skies. Whether hosting friends or enjoying quiet moments, this space is ideal for making memories. This home is move-in ready and waiting for you! Don't let this opportunity slip away - come experience it for yourself!
21071 E Poco Calle -- Queen Creek, AZ 85142
$524,999
3
Beds
2
Baths
1,641
SqFt
Status
Active Under Contract
MLS #
6719172
Property Type
Single Family Residence
Price Type
--
Step into this exquisite home, complete with an impressive open concept living area. The kitchen offers quartz countertops and stainless steel appliances. Fridge with ice maker and water dispenser is included. Living room offers a built in electric fireplace and entertainment center, included is an 85'' TV! Enjoy the backyard, which offers low-maintenance and pet-friendly turf, covered patio, stylish pavers, and unparalleled views that opens up to a beautiful greenway and desert scape. The home offers a 2-Car Garage equipped with an EV charging station and plenty of room for storage. Throughout the home are luxury plank tile in common areas, Moroccan hexagon tile in bathrooms and laundry, and plush carpet in bedrooms. This home is located in the desirable Hastings Farms community brimming with 17 parks, soccer fields, volleyball courts, walking trails, community activities, and more! Come feel the perfect blend of comfort and convenience in this home. Discover the lifestyle you've been dreaming of - book your tour today!
18926 W Desert Hills Drive Surprise, AZ 85388
$524,999
4
Beds
3
Baths
2,586
SqFt
Status
Active
MLS #
6743914
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the sought-after Zanjero Trails community! This beautiful 4-bedroom, 3-bathroom residence boasts an open-concept layout that seamlessly blends natural light with spacious, modern design. Features include: Open Concept Living: Enjoy a fluid, open floor plan perfect for entertaining and daily living. Natural Light: Large windows fill the home with abundant natural light, creating a warm and inviting atmosphere. Kitchen equipped with elegant granite countertops, sleek white cabinets, and stainless steel appliances, this kitchen is both functional and stylish. Luxurious Interiors: Plush carpet adds a touch of comfort, while generously sized rooms offer ample space for relaxation and personalization. Outdoor Oasis: Step outside to a private patio with a charming charming gazebo, ideal for outdoor gatherings. The artificial grass provides a low-maintenance, lush green space that's perfect year-round. Privacy: Enjoy the seclusion provided by privacy trees, ensuring a peaceful retreat from the hustle and bustle. This home combines contemporary elegance with practical comforts, making it an exceptional place to call your own. Don't miss the opportunity to experience the best of Zanjero Trails living!