Mortgage rates in Phoenix mostly remained flat this week. At the same time, Phoenix was named as a top housing market to keep your eye on in 2015.
This week's rates
The benchmark 30-year fixed-rate mortgage in Phoenix remained at 4.02 percent, 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 4.03 percent.
Phoenix could boom in 2015
Phoenix is one of the top 10 hottest housing markets to watch in 2015, according to a new report from Realtor.com.
The city is one of the site's favorite markets because of its growth in income and new construction.
Over the next five years, household growth in Phoenix is expected to increase by 7 percent, notes the report.
The benchmark 30-year jumbo mortgages, for loans of $417,000 and up, remained at 4 percent. The benchmark 15-year fixed-rate mortgage rose to 3.32 percent from 3.29 percent. The benchmark 5/1 adjustable-rate mortgage rose to 3.25 percent from 3.15 percent.
Weekly mortgage survey
|Results from Bankrate's Dec. 10 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:||4.02%||3.32%||3.25%||4.00%|
|Change from last week:||N/C||+0.03||+0.10||N/C|
|Change from last week:||N/C||+$2.41||+$9.09||N/C|