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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3296 E Sheffield Road Gilbert, AZ 85296

$525,000
4 Beds
2.5 Baths
2,250 SqFt
Status Active
MLS # 6701468
Property Type Single Family Residence
Price Type --
Meticulously well kept home in the Higley Park community. This 4 bed 2.5 bath home has a great floor plan; ideal for both living and entertaining with the downstairs open floor plan and upstairs living space. Walk into an open living space with sliding glass doors that open up to a covered patio and the backyard. The kitchen features beautiful cabinetry, a large granite countertop, and stainless steel appliances. It opens up to a spacious dining room which easily fits a table for 6. There is a large walk in pantry and extra storage underneath the stairs. Upstairs on the 2nd floor are 4 bedrooms, 2 full bathrooms, and laundry room. The primary bedroom easily fits a king sized bed, two night stands, dresser, and features a large walk in closet. The other three bedrooms can easily fit queen sized beds. Over 2,200 square feet of living space. Attached 2 car garage with additional hanging storage racks. Higley Park amenities include: community pool, playgrounds, basketball courts, and green parks. Fantastic location! Minutes from the 202 and close to everyday conveniences such as: Agritopia, Target, Walmart, San Tan Village, and more. Home will be available on/after March 31, 2025.

5661 N 79th Street Scottsdale, AZ 85250

$525,000
3 Beds
2.5 Baths
1,604 SqFt
Status Active
MLS # 6698641
Property Type Townhouse
Price Type --
Beautiful townhome located in the heart of Scottsdale. Gorgeous open concept kitchen with oversized mocha glazed cabinetry, granite countertops, fully tiled backsplast, & stainless vent hood and appliances. The breakfast bar opents into the dining room, and lovely courtyard perfect for entertaining. Large master suite with spa like master bathroom. Fully tiled walk in showers, custom vanity & granite countertops. Two guest bedrooms and guest bath. Casitas Chaparral is a beautiful community with grassy common areas, heated community pool & spa and located near restaurants, shopping, Old Town Scottsdale, Fashion Square, Salt River Feilds, Indian Bend Park, lakes, biking trails & more! You'll love to call this home!

1418 E Maldonado Drive Phoenix, AZ 85042

$525,000
3 Beds
2 Baths
1,867 SqFt
Status Active
MLS # 6700524
Property Type Single Family Residence
Price Type --
Experience the charm of this meticulously designed single-level family residence boasting 3 bedrooms, 2 bathrooms, and a 3-car garage in an ideal location. Entertain effortlessly with the inviting heated spa and dazzling pool, perfect for hosting gatherings with loved ones. The well-appointed kitchen features a generous island and breakfast bar, while the expansive garage offers ample storage space with included racks. Don't miss the opportunity to view this exceptional home before it's too late!

540 Jordan Road Sedona, AZ 86336

$525,000
1 Bed
1.5 Baths
1,083 SqFt
Status Active
MLS # 6701332
Property Type Townhouse
Price Type --
Welcome to your charming retreat in the heart of Sedona! This meticulously maintained one bedroom plus loft townhome offers a perfect blend of comfort, convenience, and stunning surroundings. Located in a prime location, just minutes from the vibrant shopping and dining scene of Sedona. As you step inside, you're greeted by a bright and airy open-concept living space adorned with tasteful finishes, cozy fireplace and ample natural light throughout. Retreat to the tranquil primary suite complete with ensuite bathroom and private patio to soak in the breathtaking beauty. Versatile loft area offers endless possibilities as a home office, studio, or additional sleeping quarters. Private laundry and attached 2 car garage. Don't miss out on this opportunity to own in enchanting Sedona!

41927 W Solitare Drive Maricopa, AZ 85138

$525,000
3 Beds
2 Baths
2,044 SqFt
Status Active
MLS # 6700332
Property Type Single Family Residence
Price Type --
Stunning home on the greenbelt with a southern exposure and your very own heated POOL! Pride of ownership is eminent of this gorgeous great room floor plan home with 3 full bedrooms plus a den/dining room and two baths. Beautiful cherry cabinetry with an oversized kitchen island, granite countertops, and stainless steel appliances. Your backyard oasis is breathtaking with a heated pool, outdoor kitchen and your very own putting green. Pristine, mature landscaping with a completely private, fence yard. Extended travertine patio and lots of space for entertaining. Split floor plan with 14' ceilings at the great room and a perfect spot for your own billiards table. The home is completely furnished. Just pack your clothes and your toothbrush and start living the good life! Additional features included in this magnificent home include: plantation shutters, bay window at the owner's suite, his and her vanities, spacious shower and walk in closet. The garage has a 4' extension and also a soft water system.

257 W Columbine Road Payson, AZ 85541

$525,000
2 Beds
2 Baths
1,470 SqFt
Status Active
MLS # 6700495
Property Type Single Family Residence
Price Type --
2 Story charming home with 2 car carport, parking at ground level. Large partially covered deck at entry. 2 bedrooms, 1 3/4 bathrooms, split floor plan. Blaze King wood stove and propane heat, washer & dryer off kitchen, bay window in dining area. Large bedroom upstairs with office area. Large .26 acre lot, chain link fenced area in back for dog run, AZ room looks into backyard with trees, planters. Lot extends up the hill and is fenced. Close to year round Christopher Creek, hiking trails, store and 2 restaurants.

40850 N Hearst Drive Anthem, AZ 85086

$525,000 - 4Br/3Ba -  for Sale in Anthem Unit 18, Anthem
New
$525,000
4 Beds
2.5 Baths
2,140 SqFt
Status Active
MLS # 6706341
Property Type Single Family Residence
Price Type --
Welcome to your oasis in Anthem! This stunning home is the epitome of modern comfort nestled in a vibrant community. Step inside to find a completely remodeled home with a spacious living room, kitchen with updated cabinets, granite counters, SS appliances including new refrigerator and stove, and RO system. The second level features a spacious loft, primary bedroom with large closet, and updated en-suite bath. The home also features new interior and exterior paint, new washer/dryer, upgraded baseboards throughout, new windows with faux wood blinds. Living in Anthem offers a wealth of amenities for residents to enjoy. Take advantage of the community center, pools, fitness facility, and social events. Plus, benefit from top-rated schools and a strong sense of community spirit!

6642 N 10th Avenue Phoenix, AZ 85013

$525,000 - 3Br/1Ba -  for Sale in Glenwood Park Plat 2, Phoenix
New
$525,000
3 Beds
1 Bath
1,487 SqFt
Status Active
MLS # 6700910
Property Type Single Family Residence
Price Type --
THIS is the moment you have been waiting for in Glenwood Park. This charming home sits on a quaint tree lined street on a large lot. The interior of the home has had some updates, however room to make it your own. Whether you are looking for your next project or are excited about creating your own equity, this opportunity is too good to pass by.

11993 N Renoir Way Tucson, AZ 85742

$525,000
3 Beds
2 Baths
1,992 SqFt
Status Active
MLS # 6701510
Property Type Single Family Residence
Price Type --
This turn-key 3 Bed/den/2Bth & 2.5 Car Garage home offers everything you need for comfort with no detail spared. Located in gated Tangerine Ridge in NW Tucson, so close to I-10, parks, bike paths and shopping. Enjoy ALL TILE Flooring throughout (NO CARPET!) in this rare find meticulously cared for by the owner. Property sits against private common area offering captivating desert, cactus and Mtn views. The kitchen is a gourmet chef's dream with LG wall oven & convection microwave, complemented by beautiful white cabinets, granite countertops and Gas cooktop w/gas stub located at outdoor BBQ (and at dryer) adding to the convenience. Owners installed an AprilAire furnace filter, providing optimal air quality along with a full house security camera system giving peace of mind. A gorgeous custom wrought iron security door complements the curb appeal of the contemporary stone exterior. Step inside and discover a wealth of upgrades, including 8' interior doors, 9' ceilings, and a glass-enclosed walk-in shower with dual shower heads and seat in the owner's bath, perfect for indulging in a spa-like experience. The extended paver driveway and back patio enhance the outdoor living experience, while the radiant barrier ensures energy efficiency year-round. So many more features to mention this is a must see!

40684 W Hopper Drive Maricopa, AZ 85138

$525,000
4 Beds
2 Baths
2,470 SqFt
Status Active
MLS # 6701511
Property Type Single Family Residence
Price Type --
Gorgeous home, impeccably maintained in every way, and move in ready. The curb appeal is second to none with elevated curbing, synthetic grass, stamped concrete and low maintenance landscaping. Inside the home you'll find a potentially awesome movie theater room with raised platform, spacious kitchen with granite counter tops and double ovens, large great room over looking backyard. Den has double doors and makes a great office but could add closet for 4th bedrm. But it's the backyard you'll want to spend most your time in with HEATED AND COOLED SPARKLING POOL, outdoor gas BBQ, synthetic grass, mature landscaping and rain gutters. R/O, Softwater system, THREE CAR GARAGE and much more ... come on by today

18397 W Ida Lane Surprise, AZ 85387

$525,000
3 Beds
2.5 Baths
1,884 SqFt
Status Active
MLS # 6702683
Property Type Single Family Residence
Price Type --
Beautiful Move-In Ready home built in 2018 with 3 Bedrooms plus a BONUS -Flex Room, Open Concept floor plan. Tandem 3 car garage, and entertainer's backyard with sparkling pool. Chef's delight kitchen with quartz counters, custom grey cabinets, large island with added storage plus big walk-in pantry. Nicely sized primary bedroom split from the other bedrooms. Includes custom shower, double sinks, separate toilet room and large closet. Many additional upgrades 8' interior doors, contemporary lighting, epoxy floor coating in the extended length garage. Backyard features a gorgeous pool with Baja lounge entry surrounded by travertine patio with Storage shed. Privacy with no homes behind and backs to community park. Tons of amenities pool, pickleball, sports fields, dog park and much more

4831 N Granite Reef Road Scottsdale, AZ 85251

$525,000
3 Beds
2.5 Baths
1,656 SqFt
Status Active
MLS # 6703806
Property Type Townhouse
Price Type --
Come check out this recently remodeled, fully furnished, 3 bedroom, 2.5 bathroom, La Buena Vida townhome conveniently located in the heart of Scottsdale, near several parks, and Chaparral Lake, as well as a short drive from shopping at Fashion Square Mall and casual dining in Old Town Scottsdale. Enter the first-floor living and dining area to enjoy an open kitchen gleaming with new cabinets, granite countertops and stainless steel appliances, across its dining seating area, overlooking the peaceful private yard. Up the modern-looking, open staircase, the master bedroom boasts a walk-in closet and private fully remodeled ensuite bath, as well as a secretary's nook. This one is truly a gem, come see for yourself!

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