Mortgage rates in Phoenix increased this week. Meanwhile, there's a gender gap in Phoenix real estate.
This week's rates
The benchmark 30-year fixed-rate mortgage in Phoenix rose to 3.71% from 3.64%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.08 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.73%.
The Phoenix real estate gender gap
Men get more out of a home's value in the Phoenix area than women, according to a new study from RealtyTrac.
In fact, the value of a home owned by a single man in Phoenix is $16,500 more than a home owned by a single woman.
But it's not just in Phoenix. Homes statewide owned by single men are worth $15,000 more than homes owned by single women.
The benchmark 30-year jumbo mortgages, for loans of $417,000 and up, rose to 3.71% from 3.67%. The benchmark 15-year fixed-rate mortgage rose to 2.93% from 2.89%. The benchmark 5/1 adjustable-rate mortgage rose to 3.13% from 3.04%.
Weekly mortgage survey
|Results from Bankrate's June 22 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $417,000 in Phoenix.|
|30-year fixed||15-year fixed||5-year ARM||30-year jumbo|
|This week's rate:||3.71%||2.93%||3.13%||3.71%|
|Change from last week:||+0.07||+0.04||+0.09||+0.04|
|Change from last week:||+$6.55||+$3.17||+$8.11||+$9.45|