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Mortgage rates in Phoenix, Arizona

By Mitch Strohm · Bankrate.com
Thursday, April 28, 2016
Posted: 6 am ET

Mortgage rates in Phoenix mostly rose this week. Meanwhile, there's more new construction on its way to the Phoenix area.

This week's rates

The benchmark 30-year fixed-rate mortgage in Phoenix rose to 3.82% from 3.78%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.1 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.83%.

Phoenix new construction

New construction permits were up 32.5% in Phoenix during March 2016 from a year prior, according to RL Brown Housing Reports' latest data.

And that's good news, because home sales are rising, as well. They were up by 37% in March from a year earlier, notes the report.

More rates

The benchmark 30-year jumbo mortgages, for loans of $417,000 and up, rose to 3.88% from 3.75%. The benchmark 15-year fixed-rate mortgage remained at 3%. The benchmark 5/1 adjustable-rate mortgage rose to 3.46% from 3.33%.

Weekly mortgage survey

Results from Bankrate's April 27 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: 3.82% 3% 3.46% 3.88%
Change from last week: +0.04 N/C +0.13 +0.13
Monthly payment: $770.71 $1,139.46 $737.24 $1,962.08
Change from last week: +$3.77 N/C +$11.99 +$31.15
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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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