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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36600 N Cave Creek Road Cave Creek, AZ 85331

$525,000
2 Beds
2 Baths
1,573 SqFt
Status Active
MLS # 6599399
Property Type Apartment
Price Type --
Nestled in the community of Surrey Hills in Cave Creek, this property embodies Arizona living. Backed by scenic hills, Surrey Hills boasts 79 well-designed homes with exclusive access to a resort-style pool, spa, outdoor kitchen, and an enchanting fire pit. Beyond that, you can enjoy direct access to Cave Creek's desert trails, which serve as a gateway to Arizona's beauty. A short drive connects you to diverse shopping, dining, and golfing in downtown Carefree/Cave Creek. Spanning one level and 1,573 sq ft this townhouse offers two en-suite bedrooms each with a large walk-in closet. The great room seamlessly flows to a spacious patio with a built-in BBQ, ideal for relaxation and entertainment. Perfect for those who appreciate the freedom of low-maintenance living.

3131 N Central Avenue Phoenix, AZ 85012

$525,000
2 Beds
2 Baths
1,125 SqFt
Status Active
MLS # 6618799
Property Type Apartment
Price Type --
*Construction Completed* 3.5% buyer incentive can be used towards rate buy down, upgrades, closing costs, or combo of those! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Enjoy the views over the pool and common areas from the spacious balcony. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

8610 W Carole Lane Glendale, AZ 85305

$525,000
5 Beds
2 Baths
2,518 SqFt
Status Active
MLS # 6620126
Property Type Single Family Residence
Price Type --
Welcome to this beautiful, spacious home in Rovey Farms! Providing 5 beds, 2 baths, 2-car garage, RV gate, and a mature landscape. Discover an open layout with wall cut-outs to create a more open yet private feel! Formal dining room, neutral palette, bountiful natural light, archways, tile flooring & soft carpet t/out, and multi-sliding doors to the back are some features worth mentioning. The kitchen boasts SS appliances, quartz counters, a pantry, recessed lighting, white cabinetry, 2-tiered island w/breakfast bar, and an eating area w/bay window. Large main bedroom has an ensuite with a separate tub/shower, dual sinks, & a walk-in closet. PLUS! The bonus room adapts to your lifestyle needs. Out the back, you have a lush lawn and a covered patio to relax after a busy day. Move-in ready! Freshly painted through out, recently upgraded bathrooms and new carpet. Perfectly located within walking distance to parks, playgrounds and playing fields and only a short drive from State Farm Stadium, West Gate and Tanger Outlets. Wether you are looking to move in or to open up an assisted living business this home has a lot of options.

4707 N 204th Lane Buckeye, AZ 85396

$525,000
2 Beds
2 Baths
1,376 SqFt
Status Active
MLS # 6628096
Property Type Single Family Residence
Price Type --
Stunning home that looks like a Model Home. The beautiful Monterey floor plan at Victory at Verrado. Homes has 2 bedroom, 2 full baths, large great room, modern kitchen & dining area. The owner's suite is spacious and bright, owner's bath offers a large tiled walk-in shower, double vanities/sinks, and a walk-in closet that opens to the laundry room, which also opens to the hallway. Situated on a larger than normal lot, the backyard is professionally landscaped and includes a covered patio. The best part is that you can enjoy the wonderful amenities of Victory at Verrado, a 55+ community, such as 4 pools, over 7,000 of fitness, pickleball and tennis courts, Bocce ball, arts & crafts, sports den with billiard tables, two 18 hole golf courses and MORE! Home also for rent.

1220 Easy Street Wickenburg, AZ 85390

$525,000
3 Beds
2 Baths
1,632 SqFt
Status Active
MLS # 6631525
Property Type Single Family Residence
Price Type --
This Private Picture Perfect Home Offers a Hilltop View, but Nestled Around Trees and a Large Yard. A Gazebo to Make Your Garden House or Outdoor Dining. Inside Home Find a Spacious Three Bedroom, Two Bath with an Open Floor Plan. Master Bedroom is Roomy Enough for Sitting Area. Dining at the Big Windows for Mountain Views. Electric Fireplace in Great Room. Attached 2 Car Garage and a Detached One Car Garage for Your Treasures or Make a Wonderful Shop or a Coveted Casita Guest House. Have You Been Wishing You Had Grass Again? or Remove for Carefree Yard. Stucco Fenced Yard has Grass and Garden Area. Mature Trees and Landscaping. Property is 1.167 Acres

2420 E South Mountain Avenue Phoenix, AZ 85042

$525,000
3 Beds
3 Baths
1,786 SqFt
Status Active
MLS # 6633255
Property Type Single Family Residence
Price Type --
Enjoy mountain views from this remodeled villa near South Mountain. Located on a neat, quiet cul-de-sac this home includes a separate unit studio apartment with separate entrance, or enjoy a 3 bed, 3 bath configuration = opportunity to rent out the studio or list on Airbnb. Newer roof, new windows, updated flooring, baths, kitchen and exterior paint. Includes extras like a deep soak tub in the custom primary bathroom & a water softener. Savor the mountain scenery while sitting next to the koi pond. Or utilize other lot space for your projects with 2-10'x12' sheds and an RV gate. Artificial turf front & back provide a fresh feel. Close to shopping, golf, resorts and hiking trails with an easy commute to downtown Phoenix and the East Valley. Seller reviews all offers, willing to negotiate.

4122 Desert Moon Drive Wickenburg, AZ 85390

$525,000
2 Beds
2 Baths
1,563 SqFt
Status Active
MLS # 6633669
Property Type Townhouse
Price Type --
WHAT A FIND!! Spectacular Mountain and Golf Course Views from this well-designed Townhome-- 2 bed, 2 bath, 2-car garage. Upgrades include an impressive shiplap wall in dining area, Plantation shutters, and plank tile floors. Exterior upgrades include extended back patio and pergola. HOA takes care of landscaping.

41096 W Novak Lane Maricopa, AZ 85138

$525,000
4 Beds
2.5 Baths
4,208 SqFt
Status Active
MLS # 6639320
Property Type Single Family Residence
Price Type --
Discover luxury in this 4,000 sq ft home with 4 bedrooms, 2.5 baths, and dual garages. One garage creatively transformed into an extra room for limitless potential. Savor fresh orange juice from your citrus trees in a vast backyard, ripe for personalization. The chef's kitchen features a wet bar with a wine cooler, a large island, and ample storage. Upstairs, a loft offers a versatile space for work or play. A perfect blend of elegance and comfort awaits you.

4713 W Loma Verde Avenue Eloy, AZ 85131

$525,000
2 Beds
2.5 Baths
1,726 SqFt
Status Active
MLS # 6642954
Property Type Single Family Residence
Price Type --
Luxury awaits in this sought-after Carmel model, seamlessly blending style and comfort. Step into tile-lined elegance. The airy great room boasts 11-foot ceilings, surround sound, and power shades revealing the beautiful backyard. The kitchen delights with gas cooking, reverse osmosis, a spacious island, quartz counters, and full-height backsplash. Two master suites feature extended garden windows, marrying natural light and tranquility. The guest suite offers a luxurious walk-in soaking bathtub. Expand your living space outdoors in your personal oasis, the AZ sunroom, with power shades on all walls. Relax by the custom fireplace, soaking in sunset views over the Arroyo wash. This backyard is perfect for entertaining or unwinding, this outdoor space completes the allure of this exceptional home.

2604 N Black Rock Road Buckeye, AZ 85396

$525,000 - 3Br/2Ba -  for Sale in Verrado, Buckeye
Open House
$525,000
3 Beds
2 Baths
1,849 SqFt
Status Active
MLS # 6644221
Property Type Single Family Residence
Price Type --
Back On Market ! Stunning newer single level Verrado home with huge backyard! Spacious extended garage Fabulous interior showcases a neutral palette, chic bright lighting , and wood-look tile w/plush carpet in bedrooms. The bright living room is perfect for receiving guests! The large eat-in kitchen boasts SS appliances, granite counters, tile backsplash, a pantry, 42 inch white cabinetry w/crown molding, and an island w/breakfast bar. Versatile den for an office or play area! Main bedroom has an ensuite with dual sinks, separate tub/shower, & a walk-in closet. Outside, the spacious backyard is your retreat! Great for relaxing or entertaining with a covered patio, well-laid travertine, fire pit, artificial turf.

2351 W Firethorn Way Anthem, AZ 85086

$525,000
2 Beds
2 Baths
1,741 SqFt
Status Active
MLS # 6645530
Property Type Single Family Residence
Price Type --
More than a home; this is a lifestyle. Your new haven awaits in Anthem Country Club. Residents here enjoy access to exclusive amenities, including championship golf courses, world-class fitness facilities, a prestigious clubhouse with fine dining, tennis courts and two resort-like pools. Not to mention four pickleball courts - everyone's new favorite social activity! Inside the house, enjoy tasteful modern finishes with beautiful natural light and a smart layout. The home features two spacious bedrooms PLUS a roomy office. This coveted lot within the community has no neighbors directly in front or back, leaving you to maximize privacy and enjoy more desert landscape. Your backyard outdoor oasis has meticulously landscaped grounds, just perfect for Arizona's nearly year-round al fresco dining with our famous orange sunset skies. Expecting significant interest - schedule your private showing right away for a chance to see what life in Anthem Country Club could look like for you!

1326 N Central Avenue Phoenix, AZ 85004

$525,000
2 Beds
2 Baths
1,557 SqFt
Status Active
MLS # 6652569
Property Type Apartment
Price Type --
Welcome to Artisan Lofts, where your dream of an urban loft becomes reality! Be impressed by the tastefully designed interior, highlighting an inviting living room & a captivating open layout bathed in abundant natural light. The home exudes charm with its towering ceilings, trending palette, wood-style flooring, & sleek wooden panel accents. The gourmet chef's kitchen is fully equipped with granite counters, lovely wood cabinetry, track lighting, a walk-in pantry, & a peninsula with a breakfast bar. Continue upstairs to find sizable lofts excellent for entertainment & bedroom space. It also offers a walk-in closet, a pristine bathroom with dual sinks, & a seat-in glass shower. Double doors open to the spacious, airy balcony with fantastic neighborhood & city views! Visit now!

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