Mortgage Interest Rates Reverse Course in 2017

Mortgage Interest Rates Reverse Course in 2017 | Simplifying The Market

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:

Mortgage Interest Rates Reverse Course in 2017 | Simplifying The Market

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.

Mortgage Interest Rates Reverse Course in 2017 | Simplifying The Market

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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22627 E Creosote Drive Queen Creek, AZ 85142

$526,000 - 3Br/2Ba -  for Sale in Church Farm Parcel E1, Queen Creek
Open House
$526,000
3 Beds
2 Baths
1,710 SqFt
Status Active
MLS # 6699113
Property Type Single Family Residence
Price Type --
Welcome to a harmoniously designed home complete with an elegant neutral color paint scheme. The kitchen featuring an expansive island that facilitates seamless food preparation. The primary bedroom ensures comfort and convenience with a spacious walk-in closet, perfect for any wardrobe and elevates simple everyday routines and with double sinks allowing simultaneous use and efficiency. The exterior of this home is just as luxurious as the interior, offering covered patio perfect for entertaining. A private in-ground pool serves as the perfect escape on warm summer days, complemented by a fenced-in backyard offering optimum privacy. Every room carries the freshness of newly applied interior paint. This home is a unique blend of modern sophistication and serenity waiting for you.

723 N Abalone Court Gilbert, AZ 85233

$525,900
3 Beds
2.5 Baths
1,927 SqFt
Status Active
MLS # 6704535
Property Type Single Family Residence
Price Type --
The Ventura offers approximately 1927 square feet of living space including three bedrooms, loft, and two and one-half bathrooms and a two-car garage. Designed for the modern buyer, this floorplan features an open-concept layout that is highlighted by the extended kitchen island. The second floor offers two secondary bedrooms, as well as the spacious master's suite with a spa-inspired bathroom featuring split vanities, a large walk-in closet, a linen closet and shower.

17245 W Corrine Drive Surprise, AZ 85388

$525,754 - 3Br/3Ba -  for Sale in Ryder Ranch, Surprise
Open House
$525,754
3 Beds
2.5 Baths
2,609 SqFt
Status Active
MLS # 6687526
Property Type Single Family Residence
Price Type --
THIS HOME IS COMPLETED AND READY TO MOVE_IN. SELLER IS OFFERING RATE BUYDOWN AND CLOSING COST SPECIALS. 3 bedrooms, 2.5 bathrooms, flex room, loft and a beautiful open kitchen Dining and Great Room. The kitchen has a wonderful island and lots of cabinet space. This home has finished options that include upgraded cabinets, granite countertops, stainless steel appliances, wood plank tile flooring throughout the home downstairs, except for the Flex room. Large master shower and much more. This is a community with great access to the freeways, shopping and close to schools. Some photos are of a model home of the same plan.

726 W Milada Drive Phoenix, AZ 85041

$525,500
3 Beds
2 Baths
1,999 SqFt
Status Active
MLS # 6656874
Property Type Single Family Residence
Price Type --
BACK ON THE MARKET! This immaculately cared for POOL home is available and ready for you to make it your own. This RARE FIND in South Mountain, offers a small town feel with big city conveniences. It is only minutes away from popular hiking trails, popular golf courses, great schools, close to shopping, easy access to freeways and not far, from neighboring communities such as Chandler or Scottsdale. Low HOA dues, like new TRANE 15 SEER HVAC heat pump (4/21), quiet corner lot, and heated pool, makes this gem a great find. You will immediately notice, upon approaching this home the, north/south exposure, the stunning views of South Mountain, and a large HOA maintained greenbelt across from the property. As you step inside, you're warmly met with high ceilings neutral color tones, recessed lighting, and genuine wood flooring in the great room and dining area. The split-bedroom floor plan provides privacy. One of the bedrooms can easily be converted to a flex-office/den for those working from home. The generously-sized owner's suite boasts updated dual bathroom ensuite features, walk-in closet. In addition, you will have convenient access to the backyard oasis through patio doors - perfect for enjoying a tranquil morning coffee. You'll love the spacious great room and enjoy cooking your favorite meal in the kitchen with all the modern conveniences including a walk in pantry, spacious kitchen island, plenty of cabinetry and entertaining space in the great room for family events throughout the year. Need extra storage space? This home has RV gate making accessible ample storage space at the side of the house. Plus the 3 car garage allows for plenty of room for your vehicles and toys. Step off the great room, into your very own personal, resort-style backyard. This stunning backyard features a shimmering pool with baja steps and spa. This saltwater pool boasts a newer saltwater chlorinator that eliminates the need for chlorine and shock treatment, has well maintained pool equipment, in floor cleaning system, freshly cleaned and acid washed pool coping, and pebble tech pool surface. Whether you are unwinding from a hard day's work or preparing a family pool party, you will enjoy the size of the pool, ambience of the pool's waterfall feature, the heated spa, the privacy of a corner lot, and the expansive covered patio for shade in the lazy days of summer. This beautiful pool home is waiting for you and your family to make lasting memories. Call me and let's make this gem yours.

9513 Caballero Loop Hereford, AZ 85615

$525,000
4 Beds
3 Baths
2,300 SqFt
Status Active
MLS # 6700673
Property Type Single Family Residence
Price Type --
Brand new construction located in the gorgeous newer subdivsion of Rancho Arizona with unobstructed mountain views to the east and the west. Enjoy calling this property home with its 4 bedrooms, 1 office/den, and 3 bathrooms. Enjoy your time at home or entertaining with a spacious great room, dining area, and amazing kitchen complete with wall oven, gas cook range, island and granite counters. This home is situated on a corner lot with south entrance and north back patio exposure that allows for all day enjoyment. Home comes with an electric tankless water heater and tile floors throughout. Be the first to call this one HOME!

45816 N 288th Avenue Wickenburg, AZ 85390

$525,000
4 Beds
2 Baths
1,680 SqFt
Status Active
MLS # 6639472
Property Type Single Family Residence
Price Type --
Discover the epitome of contemporary living in this exceptional hillside home, currently under construction on 3.44 acres of sprawling beauty. Boasting a distinctive metal roof and metal siding, this brand-new 4-bedroom, 2-bathroom, 4-car garage residence is a visionary blend of modern aesthetics and rugged elegance. This home invites you to become a part of its story. Seize the rare opportunity to acquire this hillside masterpiece at a discounted rate before its completion. Envision the lifestyle that awaits in a new, custom-built residence surrounded by the serenity of nature. Make your mark on this exceptional property - the canvas is yours, and the possibilities are endless.

5912 S Daisy Patch Place Phoenix, AZ 85040

$525,000
4 Beds
3 Baths
1,963 SqFt
Status Active
MLS # 6636064
Property Type Single Family Residence
Price Type --
CHOOSE YOUR COMPLETED NEW BUILD. Call for latest incentives and lot availability. With only 25 homes it is an excellent community to meet neighbors or even consider moving more of the family. Experience much of the entertainment of the city while being minutes from South Mountain and multiple golf courses. Granite or quartz for countertops and luxury vinyl plank flooring and carpet throughout the homes. All appliances included and the garage is even equipped with the power for an Electric Vehicle. Top it off with a dog door for your furry friend! Minimal effort will be required to enjoy these homes with the finished back yard and the front yard landscaping that is maintained by the HOA. Come see what this community has to offer! (Photos are of model)

51 La Reserva East -- Outside Of Usa 00000

$525,000
4 Beds
3 Baths
2,300 SqFt
Status Active
MLS # 6656643
Property Type Single Family Residence
Price Type --
Voted one of the Best Places to RETIRE IN THE WORLD! Best Climate.! HM is in a fab location with access to private Club w/restaurant/bar/pool/spa/boating and hotel. Secure with 24 hr garded gates. 3BR on 1st floor. 4th BR w/bath on 2nd fl for maid, office, teen, guest, art studio, or ? Fantastic open floor plan t/o. Covered patio with private pool. A WOW OF A HOME offered w/ private club membership: a savings of over $8,000 USD to join. Owner building a larger home for growing family in the same area of La Reserva. Owner has up-graded many features including Solar Elect (virtually no elect bill); Solar pool heater, 4 mini split A/C's; 86'' TV w/surround sound included and security system.

9224 E Sun Lakes Boulevard Sun Lakes, AZ 85248

$525,000
3 Beds
2 Baths
2,127 SqFt
Status Active
MLS # 6684617
Property Type Single Family Residence
Price Type --
Completely remodeled luxury in this stunning home with beautiful backyard facing the golf course. Everything is new including dual pane windows. White shaker cabinets with lazy susan and quartz countertops & stainless steel appliances. Vaulted ceilings and a Modern fireplace enhance the inviting living space w/wood flooring. This 3 bedrooms house offer a space for private office and Primary bedroom has an ensuite w/dual sinks. The property has all the modern touch waiting for the new owner to occupy and enjoy the 45+ ACTIVE ADULT COMMUNITY w/tons of AMENITIES, clubs, EVENTS, golf PICKLEBALL, restaurants & more

13549 W Paso Trail Peoria, AZ 85383

$525,000
4 Beds
3 Baths
2,258 SqFt
Status Active
MLS # 6580563
Property Type Single Family Residence
Price Type --
Check out this outstanding property in the booming NW Valley. Singel level, 3 bedms & 3 full baths, Kitchen is perfection with 42-inch cabinets & granite counters, kitchen island w/ gas stove/oven. Formal dining. Tile in the all the right places, new carpet and freshly painted. Bedrooms are great size with nice closet space. Master has huge shower & double sinks. Huge great room w/ masssive rear slider leading to the backyard a with stone pavers, fountain & synthetic grass. Check out the 4 car tandem garage for plenty of storage & room for cars and toys. Added bonus, property has Solar with an assumable lease.

13664 W Cypress Street Goodyear, AZ 85395

$525,000
4 Beds
2.5 Baths
2,064 SqFt
Status Active
MLS # 6592239
Property Type Single Family Residence
Price Type --
Located in a gated section of Palm Valley with no backyard neighbors and views of the lake and golf course from your own backyard. Upon entering this desert oasis you are greeted with high ceilings and an open concept living room / dining area that leads into an upgraded kitchen with gas range and the family room. All 4 bedrooms and 2 updated baths are upstairs, well the 1/2 bath for guests is close to the living area. The Backyard maintenance has been made easier with artificial grass. Not to mention all home furnishings are available on separate bill of sales.

4728 W Annette Circle Glendale, AZ 85308

$525,000
3 Beds
2.5 Baths
2,650 SqFt
Status Active
MLS # 6597448
Property Type Single Family Residence
Price Type --
MARVELOUS HOME ON A GOLF COURSE ADJACENT LOT !!!!!!!!. 3 Bedrooms and a Den, 2. 5 Bathrooms, Master Bedroom , has a Balcony to Enjoy the Great view of the Golf Course, Full Master Bathroom with Double sink, Living Room with an open Ceiling, Family Room, Beautiful white tile in all the right places, the stairs has carpet, Kitchen has a Great View to the Wonderful Golf Course, Community Pool, Your Client will love it.

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