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.

What’s Your Home Worth?

Search for Your New Home

40564 W Little Drive Maricopa, AZ 85138

$525,000
4 Beds
3 Baths
2,595 SqFt
Status Active
MLS # 6694328
Property Type Single Family Residence
Price Type --
Charming home, with great curb appeal. This home has upgrades in all the right places, from wood-like to tile, stainless steel appliances and so much more! Feel right at home as you walk-in. Tile throughout the downstairs, makes for easy cleaning and keeping cool in the warmer months. Ceiling fans throughout living areas and bedrooms. Living room is right off the kitchen and dining area, so you never miss a moment! The kitchen boasts of an oversized kitchen island, stainless steel appliances, upgraded light fixtures, double wall ovens, range cooktop, walk-in pantry, granite countertops and elegant backsplash, bringing everything together. Downstairs guest bedroom, with a bathroom not too far. Upstairs, secondary bedrooms are great sized, with walk-in closets. Upstairs loft is the perfect size, to fit your needs! Primary bedroom has ample space, with a private bathroom and large walk-in closet. 2 car garage + RV garage. The backyard has turf and is partially rocked, and is ready for your personal touches, or to entertain, as-is! Covered patio gives you some extra shade to enjoy the Arizona sun. Don't miss out on this beautiful home! AND there is a Currently an assumable FHA loan with a rate of2.5%!!!

4258 E Decatur Street Mesa, AZ 85205

$525,000
3 Beds
2 Baths
1,890 SqFt
Status Active
MLS # 6694514
Property Type Single Family Residence
Price Type --
Discover the perfect blend of comfort and convenience in this beautifully remodeled, furnished single-family home located in a tranquil Mesa neighborhood with no HOA. Featuring a thoughtful split floor plan that provides privacy and space, this home is ideal for both relaxation and entertaining. Enjoy the ease and elegance of tile flooring throughout, and the added security of a new roof to be installed before you take ownership. An RV gate complements the property, offering ample space for your recreational vehicles. With all the modern amenities in place and no homeowner association restrictions, this home is a true gem ready for you to move in and make it your own. Don't miss out on the opportunity to own this exquisite Mesa residence.

11014 W Mckinley Street Avondale, AZ 85323

$525,000
4 Beds
3 Baths
2,347 SqFt
Status Active
MLS # 6696159
Property Type Single Family Residence
Price Type --
You'll LOVE this immaculate 4-bedroom property now for sale! This 2022-built beauty flaunts stone detailing, a 2-car garage, a well-maintained front yard, and a delightful front porch. Entertain guests in the formal living room! Captivating open layout is filled with natural and recessed lighting and features a pre-wired surround sound, wood-plank tile flooring, and multi-sliders to the backyard. Kitchen is equipped with a gas cooktop, a wall oven, quartz counters, tile backsplash, white cabinetry with crown molding, a pantry, and a sizable island with a breakfast bar. Retreat to the main suite, highlighting a plush carpet, an ensuite, and a walk-in closet. Enjoy alfresco dining under the covered patio in the large backyard with pavers and artificial turf. This gem will not disappoint!

521 W 17th Place Tempe, AZ 85281

$525,000
4 Beds
2 Baths
1,652 SqFt
Status Active
MLS # 6696170
Property Type Single Family Residence
Price Type --
Welcome to your new home in the heart of Tempe! Prime location! Light colored flooring, clean white walls, stylish baths. With multiple living spaces, there's ample room for everyone. Neutral colors throughout provide a versatile backdrop, allowing you to personalize each space to your liking. Location couldn't be more ideal-Just a stone's throw away from ASU and downtown Tempe, you'll find yourself immersed in the vibrant energy of this bustling city. From exciting events to trendy eateries and cultural attractions, there's always something new to explore right at your doorstep. Newer A/C and water heater. No HOA. Easy maintenance yard. Whether you're a student, a professional, or anyone in between, this house is a wonderful opportunity to experience the best that Tempe has to offer

922 W Vaughn Street Tempe, AZ 85283

$525,000
4 Beds
2 Baths
2,095 SqFt
Status Active
MLS # 6697237
Property Type Single Family Residence
Price Type --
This is a rare opportunity to save money on a great Tempe home that needs relatively minor cosmetic work! Priced below comps. This 4 bed, 2 bath home features an upgraded and opened kitchen with dual wall ovens, stainless appliances, new cabinets, and granite counters. Other upgrades include luxury vinyl flooring, new interior doors & front door, taller baseboards, and an owned solar system. NO HOA! Needs interior paint & trim finishing, and pool/kooldeck resurfacing. Roof replaced in 2022. Owner holds an Arizona real estate license.

12732 W Roanoke Avenue Avondale, AZ 85392

$525,000
4 Beds
2 Baths
2,099 SqFt
Status Active
MLS # 6697467
Property Type Single Family Residence
Price Type --
Yes, you can have it all. 4 bedroom 2 baths, 3 car garage, heated pool & spa, plus perfect Location close to everything & easy access to 10 freeway. Great curb appeal, inviting covered front paved entry into a spacious living/dining area with bay window, high ceilings & updated wood plank style flooring throughout. Open oversized great room with gas fireplace, nicely appointed kitchen with stainless appliances, beautiful white cabinets, farmhouse hardware & stunning backsplash, center island/breakfast bar, quartz countertops, walk in pantry & breakfast nook with bay window looking out to your backyard oasis with extended patio, very inviting blue salt water heated play pool & spa with waterfall. Large owner suite with bay window, luxury walk in shower, soaking tub & double sink vanity plus a gigantic dream walk in closet. 3 generous size guest bedrooms & closets, nicely updated guest bathroom. Spacious laundry room with built in cabinets. Additional extras upgraded laminate plank style flooring & baseboards, lighting, ceiling fans, fixtures. Exceptionally low cost solar lease. 2 playgrounds within walking distance. all school information to be verified by buyers.

41109 N Prestancia Drive Phoenix, AZ 85086

$525,000
3 Beds
2 Baths
2,082 SqFt
Status Active
MLS # 6697637
Property Type Single Family Residence
Price Type --
FURNITURE INCLUDED IN SALE! Come see this updated Telluride model, located near the Ironwood Clubhouse in Anthem Country Club. This elegant home includes fresh paint, new flooring, and modern stainless steel appliances set against slab granite countertops. Enjoy added conveniences like a soft water & R.O. water system, washer and dryer included, and a new 5-ton York A/C installed in 2019. Relax or entertain in the private backyard featuring a covered patio, pavers, mature landscaping, and a BBQ. Community amenities include two private golf courses, clubhouses, heated pools, tennis, pickleball, fitness centers, bocce ball, and more! Experience modern living and a vibrant lifestyle in Anthem Country Club.

22653 E Desert Spoon Drive Queen Creek, AZ 85142

$525,000
4 Beds
3 Baths
2,308 SqFt
Status Active
MLS # 6698040
Property Type Single Family Residence
Price Type --
Lovely single level 4 bedroom 3 bath w/ Teen room. Awesome floor plan. In the Teen wing, find 2 beds flanking the teen room w/ a bath & laundry. Across the hall is an ensuite bedroom. Back of home offers gourmet kitchen w/ huge island & stacked stone, tons of espresso cabinetry, white subway tile backsplash to the ceiling, stylish granite countertops, stainless steel sink & appliances, pendant lighting & a huge reach in pantry. All is open to the spacious great room & dining dressed w/ neutral tile flooring set on a diagonal. Off the great room find the master bedroom & bath offering dual sinks, oversized shower & walk in closet. The backyard offers low maintenance turf, pavers & misting system. Tandem 3 car garage. Vet w/ ELIGIBILITY can assume this 3.75% $490k loan balance.

17423 W Yavapai Street Goodyear, AZ 85338

$525,000
3 Beds
2.5 Baths
2,522 SqFt
Status Active
MLS # 6698239
Property Type Single Family Residence
Price Type --
Become the proud owner of this beautiful home in Cottonflower! Providing 3 beds, 2.5 baths, split 3-car garage, & a low-care landscape. Fabulous interior showcases tons of natural light, designer paint, and carpet & wood-look tile flooring t/out. If gatherings are on your mind, you'll love the living & dining room w/high ceilings and an inviting family room that opens to the kitchen! SS appliances, recessed lighting, granite counters, tile backsplash, ample wood cabinetry, and an island w/breakfast bar make up the culinary space. For added functionality, you have a den downstairs & a loft upstairs! Large main bedroom has an ensuite with dual sinks, separate tub/shower, & a walk-in closet. Enjoy the backyard oasis with a covered patio, artificial turf, a deck, & a sparkling pool! Just WOW!

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!

20365 W Vista Paseo Drive Buckeye, AZ 85396

$525,000
2 Beds
2.5 Baths
1,825 SqFt
Status Active
MLS # 6698746
Property Type Single Family Residence
Price Type --
This beautiful home in the 55+ community of Victory at Verrado offers 2 bedrooms + den/office, and 2.5 baths. The island kitchen features quartz counters, soft-close maple cabinets, LG refrigerator with filtered water/ice, dishwasher, and electric range. Large pantry and laundry with LG washer and dryer. A wall of glass with double sliders lets you view the beautiful, low maintenance backyard with covered patio, turf and pavers, perfect for alfresco dining and entertaining, plus a gas line for your grill. The master suite, positioned at the back of the home has a generous bathroom that includes dual sinks, an extended vanity with extra storage, a large walk-in shower with bench, and huge walk-in closet. The den features double doors and could be used as an office or flex space. The second ensuite bedroom has a large bathroom with shower/tub, and walk-in closet and is set away from the master for privacy. Extended 2 car garage with room for storage and whole house water softener. Victory at Verrado is a renowned Active Adult Community nestled in the White Tank Mountains, offering residents access to miles of hiking and biking trails. Community amenities include resort-style pools, The Victory Club with an ultra-modern gym, spa, tennis, bocce ball, pickleball courts, numerous social clubs, activities, events, and a Tom Lehman designed Victory golf course. You also have access to all Verrado amenities too, including another golf course, two pool complexes, gym, and the dining, shopping and vibrant community activities at the beautiful Main Street area, with more currently being built out. This vibrant community is a great place to call home.

22951 S 215th Street Queen Creek, AZ 85142

$525,000
4 Beds
2 Baths
2,038 SqFt
Status Active
MLS # 6699079
Property Type Single Family Residence
Price Type --
Welcome to your dream home nestled alongside the Los Colinas golf course in The Villages at Queen Creek! This single-level home offers a blend of comfort and luxurious living, boasting 4 bedrooms, 2 bathrooms, and a spacious great room designed for gatherings and relaxations alike. The interior has been tastefully updated with fresh paint, sleek countertops, neutral flooring, and new plumbing, fans, and hardware. The gourmet kitchen boasts granite countertops, bright white cabinetry, a walk-in pantry, and an oversized kitchen island. Beyond the main living area awaits a backyard oasis, featuring low-maintenance turf and a covered patio with views of the fairway. The Villages at Queen Creek Community boasts the Los Colinas 18-hole golf course, community pool, fitness center, plus more AND is only minutes away from shopping, dining, and entertainment in the fast-growing town of Queen Creek!

Leave a Reply

Your email address will not be published.