What’s Ahead For Mortgage Rates This Week – July 25, 2016

Housing Starts, Building Permits Issued Rise

Commerce Department reports on housing starts and building permits issued were released Tuesday. Housing starts rose to 1.189 million in June against expectations of 1.165 million starts and May’s downwardly revised reading of 1.135 million starts, Housing starts rose by 4.80 percent on a seasonally-adjusted annual basis. This is good news for housing markets, but analysts said that demand for homes continued to exceed available supplies.

Building permits issued also rose in June to 1.53 million as compared to May’s reading of 1.136 million permits issued.

Existing Home Sales Increase: National Association of Realtors®

Sales of previously-owned homes rose three percent year-over-year and reached their highest level since February 2007 in June. Existing home sales rose by 1.10 percent in June to a seasonally-adjusted annual rate of 5.57 million sales. Analysts forecasted a reading of 5.48 million sales of pre-owned homes based on May’s reading of 5.51 million sales.

Analysts said that first-time home buyers are returning to housing markets and helped boost June sales and cited changing buyer demographics that suggest a return to owner-occupant home sales. First-time buyers accounted for 33 percent of pre-owned home sales in July, which was their highest reading since 2012. First-time buyers are important to housing markets as their purchases of existing homes enable current homeowners to sell their homes to buy larger homes or to relocate.

Mortgage Rates Rise, New Jobless Claims Fall

Mortgage rates rose across the board last week according to Freddie Mac’s weekly report. Rates for a 30-year fixed rate mortgage averaged 3.45 percent, which was three basis points higher. The average rate for a 15-year fixed rate mortgage also rose three basis points to 2.75 percent; rates for a 5/1 adjustable rate mortgage averaged 2.78 percent. Discount points averaged 0.50 percent for fixed-rate mortgage and 0.40 percent for 5/1 adjustable rate mortgages.

New jobless claims sustained their streak and fell last week to 253,000 against predictions of 260,000 new claims filed and the prior week’s reading of 254,000 new claims filed. Analysts hailed declining jobless claims as a strong indicator that the economy and labor markets continue to improve. New jobless claims have remained below the key reading of 300,000 for 73 weeks. The four-week rolling average of new jobless claims fell by 1250 claims to 257,750. This reading is considered less volatile than week-to-week readings and offers evidence of steady improvements in labor markets.

What’s Ahead

Next week’s scheduled economic news includes the S&P Case-Shiller Housing Market Index, readings on new and pending home sales and the FOMC committee’s post-meeting statement on Federal Reserve monetary policy decisions. Analysts widely expect the Fed to hold firm on its current federal funds rate of 0.25 to 0.50 percent.

Weekly reports on mortgage rates and new jobless claims will be released along with a reading on consumer confidence.

Listing types.

For Sale

For Rent

Land

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

14383 W Dahlia Drive Surprise, AZ 85379

$499,999

3 Beds

2.5 Baths

1,929 SqFt

Status Active

MLS # 6693259

Property Type Single Family Residence

Price Type --

One of the top Family communities in AZ. Check out all of the Amenities that Marley Park has: Pool,Community Center,Parks & more. Located within a 5 minute walk to #1 Voted, Admission Free, Charter school for 8 straight years! LEGACY TRADITIONAL SCHOOL K-8 Enter into this beautiful Foyer with a Tray Ceiling and 6x24 Faux Wood Ceramic Tile throughout accented with 4 1/4'' Baseboards. To the right you will find 2 bedrooms with upgraded carpet and a full bath in this split Cottonwood model floorplan. Next enter into an open area with the Kitchen, Great Room & Dining Area. The Kitchen has Silestone Countertops paired with Shaker Style White Maple Cabinets & Dovetailed drawers. Adjacent to kitchen is an office with the Master Bedroom privately tucked away in the back corner of the home. Check out the master bathroom which includes a spectacular tiled super shower. Finally, exit to outdoor family oasis.The backyard covered patio has been extended with an amazing 21' x 22' Pergola. The yard has pet friendly turf surrounded by pavers, rocks and amazing plants. Check out the extra wide, 8 ft., side yard with access through the RV Gate. Almost forgot to mention the home has upgraded lights, plumbing fixtures, home theatre pre-wire, two tone paint, ceiling fans and a soft water loop.

View Property

18033 W Tecoma Road Goodyear, AZ 85338

$499,999

3 Beds

2 Baths

2,069 SqFt

Status Active

MLS # 6687555

Property Type Single Family Residence

Price Type --

Boasting mountain views from the living room, front yard, and backyard, dive into this wonderfully spacious, open-concept home nestled in Estrella Mountain Ranch! Just a short walk to the newest Community Center, Presidio. Privacy and serenity await in this impeccable home. Dreamy backyard with multiple patio areas, including a large covered patio for entertaining. 3 car tandem garage! You'll love the grand primary bedroom w/ bay windows and oversized closet, connecting to the laundry room. Enjoy modern amenities including stainless steel GE appliances, gas stove and central vacuum system. Stay refreshed with the R/O and water softener systems. Exterior upgrades incl. new PVC irrigation sys, newer A/C unit, and fully pavered and turfed yard. Your new home awaits!

View Property

1407 W Macaw Drive Queen Creek, AZ 85140

$499,999

3 Beds

2 Baths

1,693 SqFt

Status Active

MLS # 6686963

Property Type Single Family Residence

Price Type --

NEW HOME completed in Sept 2023! Why pay lot premiums and wait 6-9 months for a home to be built? This is Woodside's most popular open floor plan, ''The Jade.'' The homeowner picked out the finest upgrades with the builder. From white shaker cabinets, to high end quartz counters, wood-like-tile floors throughout, & even the luxurious primary bathroom custom walk-in shower. Outside, relax and watch the Arizona sunset from the privacy of your covered patio & low maintenance backyard. North Creek features multiple community gathering spots including a swimming pool, pickle ball courts, bocce ball, gas grills, basketball courts, and playgrounds. Builder warranty transfers to the new owner too! Easy access to the 24 & Loop 202! Opportunities like this rarely happen. Schedule your showing today

View Property

18330 W Pueblo Avenue Goodyear, AZ 85338

$499,999

5 Beds

3 Baths

2,122 SqFt

Status Active

MLS # 6672368

Property Type Single Family Residence

Price Type --

**Flash Sale this Weekend Only** 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!

View Property

17008 W Butler Avenue Waddell, AZ 85355

$499,999

5 Beds

3 Baths

2,786 SqFt

Status Active

MLS # 6690854

Property Type Single Family Residence

Price Type --

The Cottonwood floor plan gives you the primary bedroom on the 1st floor, 5 bedrooms, 3 full baths, with a huge large loft and a study downstairs with double doors to accommodate all the entertaining you could want and then some! The kitchen features warm brown shaker cabinets with 42'' uppers and crown molding, beautiful back splash with quartz counter tops. This home is on a N/S facing lot and from the backyard you have beautiful views of the White Tank Mountains. Our High-Performance Homes come standard with home automation technology, a REME HALO Air Purification system and they are designed with you in mind, to stay healthier & more comfortable in your new home. This home will deliver in May.

View Property

4389 E Alamo Street San Tan Valley, AZ 85140

Open House

New

$499,999

4 Beds

3.5 Baths

2,753 SqFt

Status Active

MLS # 6692172

Property Type Single Family Residence

Price Type --

One of TWO homes in the Laredo Ranch neighborhood with a pool under $500k! Priced $100/sqft lower of the two and competitively priced for a reason! This well maintained, 4 bed, 3.5 bath 2-story oasis is ready for its next owner! With an open concept, vaulted ceilings, a massive den and en suite room upstairs, the possibilities are truly endless. This gem will not last long so don't wait to see it for yourself!

View Property

752 E Elgin Street Chandler, AZ 85225

Open House

$499,999

3 Beds

2.5 Baths

1,578 SqFt

Status Active

MLS # 6692118

Property Type Single Family Residence

Price Type --

Welcome to this incredible TURN KEY gem next to the vibrant Downtown Chandler area! A fully furnished home for you to move in and feel right at home or reap the benefits of a strong short/long term rental market with a furnished rental. Featuring vaulted ceilings in the spacious living room with tile throughout, granite countertops in the kitchen & plenty of cooking space for a family or renters! A large upstairs floor plan creates 3 expansive bedrooms w/ King & Queen beds fitting comfortably. Step outside into your backyard oasis including a HEATED pool, fire pit & plenty of patio space to soak up the sun! A perfect property for your investment portfolio to turn into a rental right away! Make this home yours next to one of the valley's booming downtown hot spots!

View Property

2425 W Bronco Butte Trail Phoenix, AZ 85085

Open House

$499,999

2 Beds

2 Baths

1,843 SqFt

Status Active

MLS # 6649544

Property Type Apartment

Price Type --

5.99% interest to purchaese! VOTED BEST HOME ON THE NORTH VALLEY TOUR!!! Welcome to a stylish 2-bedroom, 2-bathroom condo with a den in the scenic community of Sonoran Foothills, Phoenix, Arizona. This condominium offers a blend of modern comfort and a touch of luxury in a picturesque desert setting. As you step into the condo, you'll be greeted by a spacious and open living area, bathed in natural light from large windows. The neutral color scheme enhances the sense of space, and the living room is designed for both relaxation and entertainment. High ceilings add an elegant touch, creating an airy atmosphere.The kitchen is a chef's delight, featuring sleek quartz countertops, stainless steel appliances, and contemporary cabinetry. A breakfast bar provides a casual dining option, and the kitchen seamlessly connects to the living area, making it ideal for socializing while preparing meals. The two bedrooms are well-appointed and offer a tranquil retreat. The primary bedroom boasts an en-suite bathroom, providing a private oasis with a spa-like atmosphere. The second bedroom is perfect for guests, with easy access to the second bathroom. The additional den serves as a versatile space, perfect for a home office, study, or even a cozy reading nook. This flexible area adds an extra layer of functionality to the condo, allowing you to tailor the space to your specific needs. The den also has an incredible blue pine, Canadian shiplap wall. Both bathrooms feature modern fixtures, elegant vanities, and tasteful tilework. The primary bathroom includes a luxurious shower, while the second bathroom offers a tub and shower combination. The home is also prewired for security both on doors and windows. Step outside to your patio, where you can enjoy the breathtaking views of the surrounding Sonoran Foothills. This outdoor space is perfect for morning coffee or evening relaxation, providing a seamless indoor-outdoor living experience. Residents of Sonoran Foothills enjoy access to community amenities such as parks, walking trails, and recreational areas. The community is known for its serene atmosphere and proximity to the natural beauty of the Sonoran Desert. This 2-bedroom, 2-bathroom condo with a den in Sonoran Foothills offers a perfect blend of comfort, style, and functionality, making it an ideal home for those seeking a modern living experience in the heart of the Phoenix, Arizona, desert landscape

View Property

2425 W Bronco Butte Trail Phoenix, AZ 85085

Open House

$499,999

2 Beds

2 Baths

1,817 SqFt

Status Active

MLS # 6654600

Property Type Apartment

Price Type --

Welcome to your cozy retreat in the heart of Desert Village at Sonoran Foothills! This charming upstairs condo boasts 2 beds, 2 baths, and a den - all spread across a generous 1817 SF of open living space. And guess what? No interior steps, making it the perfect haven for easy living! Imagine chilly nights by the fireplace - a rare gem in this community. Unlike most units, it comes with this delightful feature that adds warmth to your winter evenings. The owners, who are winter visitors with no kids or pets, have gently used this unit, ensuring it's in pristine condition. As an outdoor enthusiast's dream, this condo overlooks the inviting pool area, offering a perfect blend of relaxation and recreation. Venture over to the community gym for your morning workout or discover the main pool. The location is a dream - a gated community where everything you need is within a 10-minute radius. Convenience at its best! Step inside to discover the ''C2'' floor plan, where comfort meets functionality. The living room welcomes you with open arms, and the kitchen is a chef's delight with built-in appliances, granite counters, a breakfast bar, and crown-molded cabinetry. Work from home or enjoy a quiet reading nook in the versatile den - the choice is yours! The main bedroom is a retreat in itself, featuring an ensuite with a separate tub/shower, dual sinks, and a walk-in closet. The laundry room ensures convenience with ample storage space. And the best part? Unwind on your cozy balcony, where you can soak in breathtaking mountain vistas and serene views of the community pool. Perfect for those who appreciate the great outdoors! Don't miss out on this opportunity to own a piece of paradise that combines modern elegance with tons of convenience. Whether you're a winter visitor or a year-round enthusiast, this condo is ready to welcome you home. Act fast - your oasis awaits!

View Property

7316 W Superior Avenue Phoenix, AZ 85043

Open House

$499,999

5 Beds

2.5 Baths

2,397 SqFt

Status Active

MLS # 6638950

Property Type Single Family Residence

Price Type --

This is a must see beautiful home. Completely remodeled/upgraded in 2020! $50k Plus worth of upgrades. Walk into the entry to a large foyer with a grand curved wooded banister. Enjoy a formal living and dining room as well as open kitchen/family room with spacious eating nook. The primary bedroom ensuite has a dual vanity quartz countertops, separate shower & tub and oversized walk in close with built in's. All bathrooms have been upgraded with new cabinets and quartz counters. Oversized Den with built in cabinets off living area with barn door entrance. The backyard is set for great entertaining with pool & water feature. Enjoy an extended garage on one side for extra storage. Also, may be available for rent. VOTED ''BEST OF TOUR''.

View Property

3668 S 180th Lane Goodyear, AZ 85338

New

$499,998

3 Beds

3 Baths

1,955 SqFt

Status Active

MLS # 6695603

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Las Brisas Phase 2B! This stunning residence built by Taylor Morrison in 2021 is a masterpiece of modern living, offering a perfect blend of luxury and functionality. The kitchen is outfitted with a customizable Samsung Smart Refrigerator and washer-dryer units, adding a touch of modern convenience to your daily routine. The entryway is adorned with a beautiful accent wall, setting the tone for the elegance and style found throughout the home. Don't miss your chance to own this exceptional residence in Las Brisas Phase 2B. It's a rare opportunity to experience luxury living in one of Goodyear's most sought-after communities. As you step inside, you're greeted by an inviting open floor plan that seamlessly connects the living, dining, and kitchen areas. The heart of the home is the spacious gourmet kitchen, featuring a large granite countertop island, ample cabinetry, and a walk-in pantry. It's a chef's delight, perfect for hosting gatherings and creating culinary masterpieces. The state-of-the-art smart home security system ensures peace of mind and convenience for you and your family. Luxury continues in the bathrooms, where you'll find raised vanities that add a touch of sophistication to your daily routine. The large 3-car tandem garage is a car enthusiast's dream, complete with built-in shelving and cabinets for all your storage needs. Outside, the backyard is a blank canvas awaiting your creativity. Whether you envision a serene oasis with a lush garden and patio or a vibrant outdoor entertainment area, the possibilities are endless. Additionally, within the Las Brisas community, you'll discover many parks with amenities such as volleyball nets, basketball courts, and soccer nets. It's a perfect setting for a fun and active lifestyle, ideal for both families and those who love to stay active. The community is also pet-friendly, ensuring that your furry companions can enjoy the outdoors as much as you do. This home is also Pearl Certified, meaning it's energy-efficient and environmentally friendly, saving you money on utility bills while reducing your carbon footprint.

View Property

1676 E Dogwood Lane Gilbert, AZ 85295

$499,998

3 Beds

2.5 Baths

1,949 SqFt

Status Active

MLS # 6680294

Property Type Townhouse

Price Type --

Stunning 3-bed, 2.5-bath condo with a 2-car attached garage in one of Gilbert's best shopping/dining areas! Prime location in the beautiful, gated Val Vista Classic HOA with lakes, community pools & spas, tot lots & beautiful walking spaces! This meticulously crafted home boasts a palette of calming neutral tones, highlighted by light tile flooring & neutral grey walls accented with crisp white trim. The airy main living area is bathed in natural light pouring in from the north-facing 12' center pull sliders door, leading to a spacious balcony, perfect for enjoying morning coffee or breathtaking Arizona sunsets. The L-shaped kitchen is a chef's dream, equipped with Timberlake shaker cabinets in the finish Maple Truffle with ambient under & above cabinet lighting, premium stainless steel appliances, quartz countertops, a spacious island, ample pantry space, & a top-of-the-line reverse osmosis system. Upstairs, 3 cozy carpeted bedrooms & 2 full baths provide comfort & convenience. Retreat to the primary suite with Southwest Blinds blackout blinds & a luxurious en-suite bathroom featuring a dual vanity, tiled walk-in shower, & expansive walk-in closet. Also featured, Honeywell Thermostat systems & a 2-car attached garage with ample built-in cabinetry, Aladdin App controlled garage door, & a new water softener installed by Aqua Science. Amazing central location with quick access to St Rt 202, top-notch schools, & various shopping, dining, & entertainment options in Downtown Gilbert, San Tan Village, & Agritopia Epicenter!

View Property