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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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!

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.

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

20491 N Vermillion Cliffs Drive Surprise, AZ 85387

$525,000
2 Beds
2 Baths
1,950 SqFt
Status Active
MLS # 6701566
Property Type Single Family Residence
Price Type --
Welcome to this exquisite home nestled in the sought-after Sun City Grand community. Step inside to discover a haven of sophistication, with high ceilings and elegant plantation shutters adorning every window. The kitchen boasts sleek granite countertops, offering both style and functionality. Outside, a tranquil oasis awaits, complete with a soothing waterfall - a perfect spot for relaxation or entertaining. Offering 2 bedrooms and 2 bathrooms, this home provides ample space for comfortable living. Located in Sun City Grand, residents enjoy access to a range of amenities, including golf courses, pools, and recreation centers. Don't miss out on the opportunity to experience resort-style living in the heart of Surprise! Photos virtually re-staged.

16832 W Bristol Lane Surprise, AZ 85374

$525,000
3 Beds
2 Baths
2,166 SqFt
Status Active
MLS # 6701673
Property Type Single Family Residence
Price Type --
Welcome to your new home in the highly sought after community of Bell West Ranch! FULLY PAID OFF SOLAR, SALTWATER HEATED POOL and $11,000 6 PERSON CUSTOM BUILT BULLFROG SPA are just a few reasons this well cared for home sets itself apart from all the rest. Step inside and you'll notice three tone gray palette interior paint, white oak porcelain tile running throughout, updated spacious kitchen with beautiful, white quartz countertops and massive breakfast bar. This immaculate home boasts a split floor plan with both a family area and living room, soaring, vaulted ceilings and a separate den. Both bathrooms have been updated for a sleek modern look. The backyard oasis is perfect for entertaining with a sparkling pool, spa, gazebo, mature palm trees and enclosed 4'x10' dog run. This home has everything you want and more so move quick! *Enjoy the attached video tour! *Choice Home Warranty transferable to new owner through February 2025.

28938 N Gold Lane San Tan Valley, AZ 85143

$525,000
4 Beds
2.5 Baths
2,655 SqFt
Status Active
MLS # 6701883
Property Type Single Family Residence
Price Type --
WOW! Beautiful remodeled home with unique finishes throughout! Spacious floor plan featuring 4 BR/1BR 1st floor, 2.5 BA, stylish tile flooring, carpeting & updated lighting & fixtures, plus ceiling fans and two tone paint throughout. Living Room/Dining room combo, Kitchen open to large Family room, plus amazing Loft/2nd Family Room and so much more! Kitchen features granite countertops, Island, abundant cabinets with crown moulding & roll out shelving, large dual door Pantry, lazy susan, & new stainless appliances too! Master Suite features large Bath with dual sinks, separate Tub and Shower, & huge mirrored walk-in closet. All other bedrooms also generous in size. Enjoy views from the backyard covered patio with no neighbors behind plus great relaxing mountain views!

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

22553 N Van Loo Drive Maricopa, AZ 85138

$525,000
4 Beds
2.5 Baths
2,943 SqFt
Status Active
MLS # 6703037
Property Type Single Family Residence
Price Type --
Don't miss out on this gorgeous golf course lot. It is located right behind the 16th tee box. This home is perfect for entertainment or for family gatherings with great views of the Duke Golf Course. This is truly an Oasis, Pebble Tec play pool, above ground spa, backyard putting green, outdoor fire pit, and citrus trees! This spacious house is a 4 bedroom, 2 1/2 bath, walk in pantry, cherry wood cabinets, stainless steel appliances, double oven, gas fireplace in the family room, a huge laundry room. Great golf course living in a great location!!

5026 E Greenway Street Mesa, AZ 85205

$525,000 - 4Br/2Ba -  for Sale in Higley Heights Phase 3b, Mesa
New
$525,000
4 Beds
2 Baths
1,971 SqFt
Status Active
MLS # 6703063
Property Type Single Family Residence
Price Type --
No Appointments until 05/17/2024. No Appointments Sunday 05/19/24. Appointments between 10 AM and 5 PM only, use Aligned Service or Call/Text Agent. Rare Opportunity, newer home in East Mesa. This well appointed 2018 Built 4 Bedroom with 2 Bath home has a Gourmet Kitchen with granite counters and stainless steel appliances, tile flooring and window blinds. The home is a Single Story located in the Copper Crest Community with Community pool, Park Area and easy access to the Red Mountain and US 60 Freeways. Back yard landscaping includes storage shed, concrete pavers, yard wall with gate. Ramada Heater Does not convey.

13879 W Cambridge Avenue Goodyear, AZ 85395

$525,000 - 4Br/3Ba -  for Sale in Palm Valley Phase 1 Parcel 22 Unit 1, Goodyear
New
$525,000
4 Beds
2.5 Baths
2,493 SqFt
Status Active
MLS # 6703286
Property Type Single Family Residence
Price Type --
New Flooring! New kitchen remodel! New paint! New roof paper! New pool pump! This amazing 4 bedroom, 2.5 bath home has a spacious, open layout and high ceilings in the main living areas is one you can't pass over! Bedrooms are all large sizes! Bathrooms have been renovated! The gorgeous pool with safety fence is the perfect addition! All bedrooms are on the second floor. From the master bedroom, you are able to walk out onto a patio overlooking the pool. This is the perfect oasis for anyone wanting to maximize the Arizona outdoor living! The gorgeous kitchen with it's new granite countertops is the cherry on top! It has a large covered patio for entertaining too! Come check this one out!

42934 W Castle Cove Circle Maricopa, AZ 85138

$525,000
2 Beds
2.5 Baths
2,313 SqFt
Status Active
MLS # 6703405
Property Type Single Family Residence
Price Type --
Nestled on a sprawling 11,510 sq ft cul-de-sac lot, this breathtaking residence promises unparalleled privacy with its prime location backing to a serene wash and flanked by a common area. The meticulously designed backyard is a true oasis, featuring a stylish pergola and a sophisticated outdoor kitchen bar, perfect for entertaining. Relish the charm of al fresco dining in a separate paver patio area, complete with a unique sunken fire pit and a tranquil waterfall. Upon entering, you are welcomed by an elegant courtyard that boasts a graceful fountain and cozy fire ring, setting the tone for the rest of the home. The interior is equally impressive with two bedrooms, an office, a formal dining room, and a flexible living space. The heart of the home is the splendid great room, which offers breathtaking views of the tranquil backyard. The gourmet kitchen is equipped with top-of-the-line stainless steel appliances, including a 5-burner gas stove, and features a large island with seating and a charming breakfast nook. The expansive main bedroom suite offers a luxurious private bath with double sinks, a jetted soaking tub, a shower with a built-in bench, and a large walk-in closet with custom-built cabinets. Guests will delight in the comfort of the guest ensuite, ensuring privacy and luxury for all. Additional features include a discreet half bath and a Butler's pantry adjacent to the kitchen, complete with a large food pantry. Crafted with excellence by Engle Homes, this home is a masterpiece of design and comfort.

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