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Mortgage rates in Phoenix, Arizona

By Mitch Strohm · Bankrate.com
Thursday, June 23, 2016
Posted: 7 am ET

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.

More rates

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
Monthly payment: $760.40 $1,133.91 $707.27 $1,921.74
Change from last week: +$6.55 +$3.17 +$8.11 +$9.45
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June 24, 2014 at 6:30 pm

If the demand for home purchases is down, and it continues that way for the rest of the year, what does that mean for Mortgage rates? Will they go up, down, or hover around the current rates?

Prem Sagar
March 04, 2014 at 6:05 am


What is rate of Auto loan or Home loan?

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