Mortgage rates for Scottsdale, Arizona go down to 3.00%

Mortgage rates for Scottsdale, Arizona on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Scottsdale, Arizona is now at 4.56%.

Scottsdale Market Trends

Scottsdale is one of Arizona's most celebrated cities. It has been called "The Beverly Hills of the Desert" by the New York Times, both because of its exclusive residential communities, as well as its higher than average cost of living. However, it still maintains its identity as "The West's Most Western Town." It is the home to an Arabian horse show, as well as Jaycees Parada del Sol, a modern day cowboy event that spans an entire month.

For quarter ending December 13:

Average price/sqft was $198, an increase of 15.1% compared to last year. The median sales price for homes for September 13 to December 13 was $380,000 based on 1,346 home sales. Compared to the same period one year ago, the median sales price increased 13.4%, or $45,000, and the number of sales decreased 17.4%.

 

Lenders in: Scottsdale, Arizona.