Mortgage Interest Rates Reverse Course in 2017

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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6428 S Sandtrap Drive Gold Canyon, AZ 85118

$525,000

3 Beds

3 Baths

2,271 SqFt

Status Active

MLS # 6655269

Property Type Single Family Residence

Price Type --

Impeccably maintained and super clean home, boasting abundant upgrades for a truly elevated living experience. Mostly furnished and showcases a host of improvements, including a new 385 sq ft casita with a separate entry added in 2021. A new roof installed in 2020, numerous new ANDERSON windows, 16 Seer HVAC added in 2021 contribute to the home's efficiency. Easy to clean with ZERO carpet and appreciate the thoughtful layout featuring a split master bedroom with ensuite, a large guest room, and a den with double doors located just off the front living room. The front courtyard offers scenic views, while the 2-car extended garage provides ample space, including a workshop area. Convenience is key with fold-up grab bars in all bathrooms. Situated in the highly sought-after MountainBrook Village, a vibrant 55+ active adult community, residents enjoy an array of amenities, including 2 heated pools, pickleball, tennis, billiards, hiking, cards, and more, ensuring a fulfilling and active lifestyle.

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9143 W Harmony Lane Peoria, AZ 85382

$525,000

5 Beds

2.5 Baths

2,178 SqFt

Status Active

MLS # 6658962

Property Type Single Family Residence

Price Type --

Look no further! This beautiful 5 bed, 2.5 bath residence is the one for you! Featuring charming curb appeal, easy-care desert landscape, and a 2 car garage! Inside you'll find a spacious living area w/elegant wood-look flooring and warm palette throughout. The eat-in kitchen is comprised of ample cabinet & counter space along w/a pantry, SS appliances, pendant lighting, and a peninsula complete w/a breakfast bar. Upstairs is a cozy loft w/vaulted ceilings, where you can spend a relaxing Sunday afternoon! Enjoy a good night's sleep in the primary bedroom, boasting a walk-in closet and private ensuite for added comfort. Also including an expansive backyard w/a covered patio, extended seating area, and tons of potential to get creative, this home has it all! Don't miss out!

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2744 W Maryland Avenue Phoenix, AZ 85017

$525,000

3 Beds

1 Bath

1,212 SqFt

Status Active

MLS # 6662226

Property Type Single Family Residence

Price Type --

Charming 3 bedroom, 1 bathroom home on a large lot with a gigantic workshop. This versatile property offers an excellent opportunity for residential living and entrepreneurial endeavors!!! Shop is approx. 50' x 37' with a 16' roll up door. Currently zoned R-3 with potential for 6 units/2 stories; in process of being rezoned R3A=9 units/2 story or R4=12 units/2 story Seize the chance to make it yours today!

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16913 W Pinchot Avenue Goodyear, AZ 85395

$525,000

2 Beds

2.5 Baths

1,723 SqFt

Status Active

MLS # 6661731

Property Type Townhouse

Price Type --

BEAUTIFUL VILLA IN SOUGHT-AFTER PEBBLECREEK ACTIVE ADULT COMMUNITY! OPEN DEN AND GUEST SUITE WITH FULL BATH! This newer 2 bedroom 2.5 bath townhouse built in 2022 boasts a spacious, open concept Great Room/Kitchen area, 10' tray ceilings, luxury vinyl plank floors, upgraded carpet/pad, quartz countertops, Italian tile backsplash, large Kitchen island with breakfast bar, upgraded cabinets with crown molding, large walk-in pantry, stainless steel appliances (refrigerator included), upgraded light fixtures, $7K in Hunter Douglas shutters, upgraded baseboards, tiled walk-in shower with glass surround, two-tone paint, Laundry Room cabinets, and more. Relax and enjoy Arizona sunsets on the back patio! The enclosed courtyard includes a BBQ gas hookup, artificial turf, and southern exposure.

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13008 N 23rd Street Phoenix, AZ 85022

$525,000

3 Beds

2 Baths

1,690 SqFt

Status Active

MLS # 6663927

Property Type Single Family Residence

Price Type --

Discover your dream home at 13008 N 23rd St. This gem features an updated kitchen with top appliances, a new roof with a 10-year warranty, and an even gate with room to park an RV - all without the constraints of an HOA. Blending traditional and modern styles, it boasts a landscaped yard and spacious interior. The luxurious master suite comes with an en-suite bathroom. The private backyard would be perfect for your future pool taking advantage of your full length patio. Perfect for Arizona's weather. Located in a sought-after area close to amenities and with easy highway access, it's the ideal place to call home.

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26671 W Quail Avenue Buckeye, AZ 85396

$525,000

2 Beds

2 Baths

2,390 SqFt

Status Active

MLS # 6665243

Property Type Single Family Residence

Price Type --

Exquisite Serenity model with Tuscan stone elevation. 2,390 Sq Ft, Tiled throughout, 2 Bedroom, 2 Bath + Den + Flex Room **Easily coverts to 3rd Bedroom**, & 2.5 car garage. Paver driveway & gated courtyard. Kitchen features Granite counters, large walk in pantry, pendant lights & tile backsplash. Off the kitchen is a light & bright extended dining area. Owner's Suite has a 2 ft extension, step in shower, dual sinks, & huge walk in closet. Guest Bedroom is split from with an adjacent bath providing privacy for guests. Tiled Den w\plenty of workspace. Additional Flex room **Easily converts to 3rd Bedroom**. Great Room sliding door leads to the **Private walled** backyard with ext Paver patio, built in BBQ area, & beautiful landscaping. 2.5 car insulated garage w/ epoxy floors.

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18583 W Pioneer Street Goodyear, AZ 85338

$525,000

5 Beds

3 Baths

2,478 SqFt

Status Active

MLS # 6668284

Property Type Single Family Residence

Price Type --

Price reduced! House priced to sell quickly; this home has all that you need. This home has been freshly painted inside, it features 5 bedrooms, 3 bathrooms, 3 car garage on 2478 sq ft. This home is move-in ready with tile throughout and a beautiful kitchen with lots of counter and cabinet space. In the backyard you will find a built-in barbeque grill on a paver covered patio, a beautiful metal gazebo ready for entertainment. This home comes with a central vacuum system, water softener system and a playhouse. This house has it all, you just need to come and see to appreciate its beauty and potential.

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19849 W Blue Horizons Court Buckeye, AZ 85326

$525,000

4 Beds

3.5 Baths

2,629 SqFt

Status Active

MLS # 6669626

Property Type Single Family Residence

Price Type --

Welcome to this spacious 4 bed/3.5 bath home on a 11,858sqft end lot w/ mountain views! This home offers a split bedroom floor plan, open kitchen, dining & living room & tile throughout-including the bedrooms. The additional flex space would make a perfect home office, second living room or formal dining room. All 4 bedrooms have walk in closets & one includes a private bathroom. The primary bedroom has a large walk in shower with rain shower head & spacious closet. Beautifully updated kitchen has white cabinets, large island, granite countertops, gas stove, walk in pantry & under cabinet lighting & outlets. The backyard is a dream with potential to make it the perfect backyard oasis-paver patio & fire pit have already been added for you. A great neighborhood with easy highway access!

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10752 W Rowel Road Peoria, AZ 85383

$525,000

4 Beds

2 Baths

2,132 SqFt

Status Active

MLS # 6670769

Property Type Single Family Residence

Price Type --

STUNNING!!!!open concept 4-bedroom, 2 bath home with a split floorplan This home has all the right upgrades you've looked for! Open and spacious living and dinning area with stunning kitchen. Kitchen features include Kitchen Island, Granite Countertops, Refrigerator, Built in Microwave, Range/Oven Elect., Dishwasher Walk in Pantry, plenty of cabinet space, and tons of counter space. Roomy master bedroom showcases master bathroom with double sinks and large walk in shower. Located in the desirable Tierra Del Rio community, Conveniently located near playgrounds, parks, shopping, the 101 & 303 and popular outdoor attractions such as Lake Pleasant and the hiking trails at Calderwood Butte.

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9869 W Magnolia Court Sun City, AZ 85373

$525,000

3 Beds

3 Baths

2,722 SqFt

Status Active

MLS # 6683657

Property Type Single Family Residence

Price Type --

PRIVATE POOL-OWNED SOLAR-REMODELED This spacious single-story residence exudes comfort and luxury living. Step outside to your private oasis, complete with a refreshing pool and an extended covered patio. Inside, the newly painted interiors greet you with upgraded outlets and light fixtures, creating a bright and welcoming atmosphere. The open kitchen boasts extra counter space, perfect for culinary endeavors, while walk-in closets and an inside laundry room ensure ample storage and convenience. With paid off solar panels contributing to energy efficiency, a water softener, and RO drinking water for added convenience. The Arizona room offers plenty of space for grandkids to visit and large living areas for relaxation, this home truly embodies the essence of Arizona living at its finest.

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243 Lakewood Circle Prescott, AZ 86301

$525,000

3 Beds

2 Baths

1,881 SqFt

Status Active

MLS # 6677809

Property Type Single Family Residence

Price Type --

Step into this inviting 3-bedroom, 2-bathroom home boasting 1,881 square feet of living space and a convenient 2-car garage. The kitchen is adorned with elegant granite countertops, adding both style and functionality. Unwind in the luxurious primary suite featuring a separate walk-in shower, soaking tub, and double sink vanity. The home also offers a versatile den and a convenient laundry room. Outside, you'll find a spacious backyard with a covered patio, perfect for entertaining or relaxation. Ample parking is available in the driveway and garage. Don't miss out on the opportunity to make this charming property your own.

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10080 E Mountainview Lake Drive Scottsdale, AZ 85258

$525,000

2 Beds

2 Baths

1,381 SqFt

Status Active

MLS # 6679770

Property Type Apartment

Price Type --

Beautifully updated unit on pond and park. No neighbor above & very private. Updates include: new HVAC 10/22, new master shower surround 3/22, new garbage disposal 2/23, wood look title floor thru-out, quartz countertops in kitchen & baths, ceiling fans in both bedrooms & living area, newer faucets in kitchen & baths, interior painted, shutters throughout, stainless steel appliances & deep kitchen sink 2021. All cabinets painted white, knobs added & hinges were changed to be inside, doorknobs changed on all interior doors, including closets. Recessed lighting in secondary bedroom. Desk in secondary bedroom is not built in & could convey under separate bill of sale. Community offers two pools, fitness center, lake, & park

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