Mortgage rates for Tempe, Arizona go down to 3.00%

Mortgage rates for Tempe, 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 Tempe, Arizona is now at 4.56%.

Tempe Market Trends

Tempe, Arizona is the home of Arizona State University. The city's name is credited to Darrell Duppa, an Englishman who said that the scenic landscape reminded him of the Vale of Tempe in ancient Greece. Tempe is a popular destination for tourists, and the spring and fall Festival of the Arts attracts nearly 200,000 people every year.

For quarter ending December 13:

The average price/sqft was $130, an increase of 15% compared to the same period last year. The median sales price for homes for September 13 to December 13 was $201,000 based on 363 home sales. Compared to the same period one year ago, the median home sales price increased 18.9%, or $32,000, and the number of home sales decreased 9.5%.

Popular communities in Tempe include Wood Park and Raintree, with average home listing prices of $122,233 and $407,778.

Lender411.com will help you find the best mortgage interest rates by putting you in touch with a qualified Tempe mortgage lender who can find you the right loan. 

 

Lenders in: Tempe, Arizona.