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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19451 N Ponderosa Court Surprise, AZ 85387

$510,000
2 Beds
2 Baths
2,008 SqFt
Status Active
MLS # 6632198
Property Type Single Family Residence
Price Type --
Discover the priceless joy of owning this fabulous haven! On a desirable corner lot, 2-car garage upgraded with cabinets & work bench , welcoming courtyard and beautiful landscape. Spacious great room, open floorplan, with gas fireplace. You'll love the plantation shutters, tile flooring, and the versatile den/office/craft room! Eat in Kitchen and formal dining room! The kitchen is a highlight, recessed lighting, SS appliances, tile counters & backsplash, with island, & breakfast bar. New HVAC, laundry with Sink, this home has everything! Don't miss the covered patio equipped with BBQ, and remote misters, beautiful trees and plants. Close to the community activities and Golf coarse this home has it all from location to Pride in ownership!

3608 N Navajo Drive Pine, AZ 85544

$510,000
4 Beds
3 Baths
2,016 SqFt
Status Active
MLS # 6634761
Property Type Single Family Residence
Price Type --
Don't miss out on seeing this property with all that it has to offer. Charming residential property on a coveted corner lot, offering both privacy and convenience. The fenced yard envelops a tranquil oasis, providing a secure space for relaxation and recreation. Inside, the warm ambiance is enhanced by a distinctive tongue-and-groove ceiling, adding character to the living space. A cozy fireplace creates a focal point, perfect for intimate gatherings. Additionally, this unique property features a separate 1-bedroom apartment with its own private yard and entrance, offering versatility for guests or rental income. Embrace the comfort and flexibility this residence provides, blending style with practicality for modern living. Sheds in back yards that are separated by wood privacy fencing for both the main home and the apartment. Pictures 22-32 Are of the APARTMENT

10080 E Mountainview Lake Drive Scottsdale, AZ 85258

$510,000
1 Bed
1 Bath
1,095 SqFt
Status Active
MLS # 6641701
Property Type Apartment
Price Type --
Breathtaking views of lake Serena and the McDowell Mountains enjoyed from your private balcony and living room with no one above you! Spacious open floor plan. Living Room has a fireplace and extra side window to enjoy the lake view to the west. Gated Community offers pools, spas, workout room, steam room. One car garage. Kitchen appliances are stainless, washer & dryer are included in sale. Great location, close to several restaurants. Large Master bedroom with walk in closet! One car garage. Ring Doorbell . Nearby park includes 18 lighted tennis courts, our racquetball courts (lighted), Squash court (lighted) Six sand volleyball courts (lighted) Full basketball court (lighted) Two half basketball courts (lighted) Four lighted baseball fields 6 picnic ramadas, Enjoy Scottsdale!

4502 N 124th Avenue Avondale, AZ 85392

$510,000
5 Beds
3 Baths
2,763 SqFt
Status Active
MLS # 6649213
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Rio Crossing, a secluded neighborhood enclave, complete with a large central park and playgrounds. As you enter the home, vaulted ceilings create a dramatic entryway where an oversized stairway opens into the room. Formal living and dining rooms are located in the front of the home, where natural light streams through the large windows creating a sense of spaciousness. Kitchen is upgraded with top tier cabinets, granite counter tops, enclosed pantry and is open to the family room. Kitchen also contains a large island for ample space to work and sit. This stylish home has 5 bedrooms PLUS a loft. One bedroom and a full bath located downstairs, provides a great solution for guests or multi-generational living. The best feature of this fabulous home is that the large back yard is PRIVATE, no neighbors looking into your space. ALSO, no neighbor next door, home is located next to a greenbelt. Schedule your showing today, you are going to love this house!

17850 N 68th Street Phoenix, AZ 85054

$510,000
2 Beds
2 Baths
1,372 SqFt
Status Active
MLS # 6667486
Property Type Townhouse
Price Type --
BACK ON MARKET WITH FRESH NEW PAINT!!LOWEST PRICE IN COMMUNITY! Scottsdale luxury living in the sought after gated community of Monterey Ridge.BRAND NEW 8K A/C INSTALLED 2023! Bottom floor corner unit with attached 2 car private direct-access to the unit. NO elevator for this one! Spacious living area and kitchen. Granite countertops, lots of cabinet space, soft water, epoxy garage floor, stainless appliances, beautiful accent faux brick wall makes this unit stand out above the others. This heavily wooded and (maintained weekly) complex has a stunning pool area, BBQs, ramada's and is less than a 5 min walk to hiking, biking trails & Whole Foods.

42414 N 46th Lane Anthem, AZ 85086

$510,000
4 Beds
2 Baths
1,757 SqFt
Status Active
MLS # 6670652
Property Type Single Family Residence
Price Type --
Exceptionally maintained 4-bed, 2-bath Anthem home with a superb layout, real wood floors, 9 ft ceilings, coated garage floors, and manicured landscaping near the TSMC plant. Save thousands on appliances as the washer/dryer and refrigerator all convey! Community pool, parks and recreational center all close by. Lower water bills with water sourced from City of Phoenix. This house is clean, has neutral colors throughout and is move in ready!

16151 W Desert Flower Drive Goodyear, AZ 85395

$510,000
3 Beds
2.5 Baths
2,167 SqFt
Status Active
MLS # 6670253
Property Type Single Family Residence
Price Type --
Welcome home! This 3-bed, 2.5-bath residence on a coveted corner lot features solar panels and a 2-car garage. Inside, you'll find a welcoming living room with a neutral palette, blinds for privacy, and durable tile flooring. The great room is a cozy space for quality time with loved ones. The kitchen is equipped with granite counters, ample wood cabinetry, stainless steel appliances, recessed lighting, a pantry, and an island with a breakfast bar for casual dining. The serene main bedroom includes an ensuite with dual sinks and a walk-in closet. The backyard is complete with a covered patio and lush natural turf, a tranquil outdoor space for relaxation. ENJOY THE BENEFIT OF PAID OFF SOLAR PANELS AT COE. This gem will sell fast!

18330 W Pueblo Avenue Goodyear, AZ 85338

$510,000
5 Beds
3 Baths
2,122 SqFt
Status Active
MLS # 6672368
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the heart of Goodyear, where modern comfort meets suburban bliss. This stunning single-family residence boasts an exceptional floor plan designed for both entertaining and everyday living. With meticulous attention to detail and an array of upscale features, this property is truly a rare find in a sought-after community. *Highlights* Step inside to discover a warm and inviting interior that seamlessly blends contemporary style with functionality. The open-concept living room flows effortlessly into the dining area and kitchen, creating an ideal environment for gatherings and family moments. Catering to the home chef, the kitchen features stainless steel appliances, granite countertops, ample cabinetry, butler's pantry, and a large walk-in pantry. Whether you're preparing a meal or enjoying casual dining at the breakfast bar, this kitchen is sure to inspire. Escape to your private backyard paradise, highlighted by a beautiful diving pool. Surrounded by low-maintenance landscaping and ample patio space, it's the perfect setting for relaxing under the Arizona sun or hosting memorable summer pool parties. This friendly Goodyear neighborhood, offers the convenience of being close to top A rated schools, parks, and recreational facilities. Easy access to major highways also ensures a smooth commute to Phoenix and surrounding areas. This property represents a unique opportunity to own a meticulously maintained home that combines comfort, and an unbeatable location. Whether you're basking by the pool, entertaining guests, or enjoying the peaceful surroundings, this Goodyear gem is ready to provide an unparalleled living experience. Don't miss out on making this exquisite house your new home. Take the first step towards living your Arizona dream!

6033 N 17th Avenue Phoenix, AZ 85015

$510,000
3 Beds
2 Baths
1,598 SqFt
Status Active
MLS # 6671944
Property Type Single Family Residence
Price Type --
NO HOA. THE HOUSE WAS REMODELED IN 2018. REMODELING INCLUDES LAMINATE FLOORING THROUGHOUT, BRAND NEW TOTAL KITCHEN WHICH INCLUDES NEW CUSTOM CABINETS, STAINLESS STEEL APPLIANCES-DISH WASHER, GAS COOKTOP AND MICROWAVE. THE KITCHEN ALSO HAS GRANITE COUNTERS. FAMILY ROOM HAS VAULTED CEILINGS..ALL NEW WINDOWS.ALL NEW LIGHTING AND WINDOW COVERS. LARGE COVER PATIO. LOTS OF SPACE IN THE BACK YARD TO BUILD A POOL. EASY FREEWAY ACCESS, METRO AND SHOPPING CENTER.

8160 E Pueblo Avenue Mesa, AZ 85208

$510,000
2 Beds
2 Baths
1,694 SqFt
Status Active
MLS # 6679661
Property Type Single Family Residence
Price Type --
Welcome Home to this beautifully updated Fully Furnished, GOLF COURSE HOME WITH VIEWS OF THE SUPERSTITION MOUNTAINS AND THE 12TH GREEN!! Two Bedroom, 1.75 Bathroom(1694 sq ft). Kitchen has been renovated with New Soft close cabinets, Quartz countertops, Stainless Appliances and enormous Walk-In Pantry. New Jeld-Wen windows throughout, New HVAC (2022), Roof2015),New water heater (2024), R/O system installed(2022), Luxury Vinyl Flooring, and new Baseboards throughout the home. Master Bedroom has a Golf Course View, double closets and a beautifully remodeled Master Bathroom. New Vanity, Quartz Counter & tiled Walk-In Shower. Guest Bathroom also has a new Vanity, Quartz Counter and Tub/Shower combo. Two car garage with epoxy coating (2022) CLICK MORE Expansion of 432 sq ft, was added to the back of home and includes vaulted ceiling, duct work and great space for entertaining. Sit on your back patio and enjoy watching the golfers on the 12th green or the take in the beautiful Mountain View's! Large backyard to create any space you can dream up. Convenient to the US 60 and Red Mountain freeways, close to the Mesa Gateway Airport, Sky Harbor, and Costco! If shopping & dining out is your thing...Superstition Springs & San Tan Mall are a short drive away. Enjoy the Country Club & Golf Community offering a lake, golf course, and post office. Lots of planned activities, pickleball, Bocce Ball, Fitness, billiards, library, horseshoes, arts & crafts, card room, shuffleboard, and more! Birdie's restaurant is open daily!

4525 N 66th Street Scottsdale, AZ 85251

$510,000
2 Beds
2 Baths
1,575 SqFt
Status Active
MLS # 6677498
Property Type Single Family Residence
Price Type --
Location, location, location!!!! Welcome to this hidden gem, located in the lush landscaped, 24 hour, guard gated community of Casa Del Monte in Scottsdale. Minutes from Arcadia, walk or bike to the very best shopping, dining, Fashion Square Mall, Waterfront & Old Town Scottsdale as well as to Camelback Mountain for amazing hiking. Freeways and Sky Harbor International Airport are less than 20 minutes away. Unit 57 is a very desirable, single level, open floor plan with 2 BR, 2 BA, a private courtyard & spectacular views of Camelback Mountain from your quiet & lush backyard. This almost 1,600 sq ft. unit has just been meticulously remodeled, complete with new luxury, vinyl plank flooring, 2 tone paint, 4.5'' baseboards, light fixtures & c-fans throughout, a separate laundry room complete w/ a stackable washer /dryer unit, new showers & much more. The open kitchen is perfect for gourmet cooking, entertaining friends & offers a large breakfast bar w. quartz countertops, designer backsplash, brand new, stainless steel appliances, pullout shelves as well as a coffee / wine bar. The community features 3 swimming pools (1 pool kept heated during the colder months), heated spa, clubhouse, community-rec center & exercise-workout room, tennis & pickle ball and oh did I mention... a 24-Hour guard gated entry.

12017 W Avenida Del Rey -- Peoria, AZ 85383

$510,000
3 Beds
2.5 Baths
2,423 SqFt
Status Active
MLS # 6685800
Property Type Single Family Residence
Price Type --
BEAUTIFUL CORNER LOT HOME SHOWS PRIDE OF OWNERSHIP. Located in a highly sought after Peoria subdivision close to Lake Pleasant, Great Schools, Shopping Centers, and Entertainment district. This home offers a bright and open floor plan, with a flex/office space, spacious kitchen with SS appliances, walk-in pantry, ample storage and counter space, large eat-in kitchen area that is open to the Great Room. Entertain in the backyard under the extended patio w/shaded pergola and party lights, nice size artificial grass area, and covered patio.Upstairs you will find a nice sized loft, an spaciouse owners suite perfect for relaxing and features His and Her walk-in closets, double vanity, garden tub and private shower. 2 additional bedrooms, bathroom and large laundry room..... This well thought out floor plan has room for everyone. And the community offers the following amenities: frisbee golf, basketball court, baseball field, and volleyball court.

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