How Will Having a New President Impact Your Mortgage? Let’s Take a Look

There is always uncertainty in the market in an election year, but many people are wondering exactly what kind of impact Donald Trump’s election will have on their mortgage and the real estate options available. Whether you are still paying off your home or have been shopping around for the right one, here are some possibilities for the real estate market following the results of the 2016 election.

An Increase In Luxury Properties

With the release of Donald Trump’s tax plan which provides the most sizeable tax cuts to the wealthy, it could be the case that there will be an increase in the demand for high-end properties which may lead to less availability and a higher price point. As this kind of demand could also work to bump up the median price of real estate in urban areas, it could have an adverse impact on low-income earners who may see themselves priced out of a more expensive market.

Rising Mortgage Rates

Most people that have been perusing the market recently have heard about the low interest rates that make purchasing a home a good financial decision. However, following the uncertainty of the election, interest rates are on the rise. While the sense of instability may persist until potential homebuyers know more, this boost in the rates since the election may mean that many buyers will decide to hold off until the new year.

A Loosening Of Regulations

The concept of the cost involved in regulation was something that Donald Trump brought up many times on the campaign trail, and this could be a sign that he is ready to make adjustments when it comes to housing regulations. While there may be little he can do at the local level, if regulation changes take hold, this could mean more loan opportunities for those with a poor credit history who may not have been a shoe-in for a mortgage previously.

With the fluctuations of the market dependent upon a variety of factors, it’s hard to say what will occur in the mortgage market in the next few months and years. However, with mortgage rates on the rise and the potential change in regulations, it could continue to fluctuate until there is more certainty on the horizon.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

14018 N 44th Drive Glendale, AZ 85306

$521,500

4 Beds

2 Baths

1,938 SqFt

Status Active

MLS # 6695154

Property Type Single Family Residence

Price Type --

This remodeled gem offers the perfect blend of modern luxury and comfort. Situated in an excellent location, this property is a true standout. Step inside to discover a beautifully renovated interior featuring contemporary finishes and thoughtful design elements throughout. The spacious living areas are ideal for entertaining, while the newly remodeled kitchen boasts sleek countertops and state-of-the-art appliances. But the real showstopper awaits outside - a sparkling pool beckons you to unwind and soak up the Arizona sunshine. Adjacent to the pool, an inviting AZ room provides the perfect spot for indoor-outdoor living, whether you're hosting a barbecue or simply enjoying a quiet evening under the stars.

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1650 E Ponderosa Parkway Flagstaff, AZ 86001

$521,095

2 Beds

2 Baths

1,220 SqFt

Status Active

MLS # 6634224

Property Type Apartment

Price Type --

POPULAR 2-bedroom on 2nd floor. Ponderosa Parkway is located close to downtown and NAU. The Urban Trail system will take you all over Flagstaff on foot or bike in minutes! FIRST RESPONDERS & MILITARY receive additional incentives! Call for your private tour today! Visit our Sales office/Model Home in Bldg. 3, Unit 111

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5514 W Summerside Road Laveen, AZ 85339

$520,990

4 Beds

3 Baths

2,219 SqFt

Status Active

MLS # 6697288

Property Type Single Family Residence

Price Type --

Welcome to your dream single-story home, boasting 2200 square feet of modern comfort and farmhouse charm. As you approach, the inviting farmhouse front porch greets you, promising cozy evenings and warm welcomes. The paver driveway leads the way, adding rustic elegance to the exterior. Stepping inside, your eyes are drawn to the expansive living space, illuminated by natural light pouring in through the large 4-panel sliding glass door that seamlessly connects the indoor and outdoor areas. The covered patio awaits just beyond, offering the perfect spot for al fresco dining or lazy afternoons lounging in the shade. This home features four bedrooms and three full baths, providing ample space for relaxation and privacy. Not to mention a guest retreat area for that extra additional space you may need. The heart of the home is the kitchen, adorned with sleek gray backsplash tiles that complement the modern aesthetic. 42 tall white contemporary shaker style kitchen cabinets with brushed nickel hardware, large 12 by 24-inch tile planks span the floor, adding durability and style. Quartz countertops grace the kitchen surfaces, exuding an eclectic vibe that blends contemporary elegance with timeless charm. Whether you're hosting family gatherings, enjoying quiet evenings at home, or simply savoring the serenity of your own personal sanctuary, this single-story abode is sure to exceed your expectations and fulfill your every desire. Welcome home.

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3131 N Central Avenue Phoenix, AZ 85012

$520,000

2 Beds

2 Baths

1,125 SqFt

Status Active

MLS # 6579404

Property Type Apartment

Price Type --

*Construction completed* RATE BUYDOWN INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

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4086 Prairie Schooner Road Wickenburg, AZ 85390

$520,000

2 Beds

2 Baths

1,542 SqFt

Status Active

MLS # 6625215

Property Type Twin Home

Price Type --

PRICE REDUCED to $520,000 plus an additional $8,000 towards closing costs!! Don't miss this opportunity!! Exquisite upgraded Duet residence on a premier view lot! Key features include: * VIEWS VIEWS VIEWS * 4' garage extension * Privacy screen for the rear patio * Surround sound system in the family room and speakers installed on the rear patio. * Water Softener * Reverse Osmosis * Hunter Douglas window coverings * Extended patio Whether you seek year-round living or a convenient lock-and-leave lifestyle, this home presents an excellent alternative to standalone residences. The Wickenburg Ranch Community Association (HOA) oversees landscaping, irrigation, and exterior painting decisions determined by the board. Listed by the owner/agent

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14544 W Sierra Street Surprise, AZ 85379

$520,000

3 Beds

2.5 Baths

2,719 SqFt

Status Active

MLS # 6641982

Property Type Single Family Residence

Price Type --

Embrace the charm of this wonderful 3-bed, 2.5-bath haven adorned with solar panels and a 3-car garage! Come inside & fall in love with the fabulous interior featuring wood-look & tile flooring, an open den/office, and a bright living room with soaring ceilings. Share lasting memories in the large great room offering sliding glass doors that open to the back patio. The kitchen displays recessed lighting, cabinetry with crown moulding, built-in appliances, and a center island that adds to the counter space. Head upstairs to discover a HUGE loft perfect for an additional living area. Large main bedroom provides an ensuite with two vanities, make-up desk, and a walk-in closet. Finally, the expansive backyard has a relaxing covered patio for unwinding. This rare find will sell fast!

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13140 W Avenida Del Rey Lane Peoria, AZ 85383

$520,000

4 Beds

2.5 Baths

2,257 SqFt

Status Active

MLS # 6643664

Property Type Single Family Residence

Price Type --

Must see this gorgeous home in the sought after community of Rancho Cabrillo! Home features a split floor plan, with bright and open living areas. Kitchen highlights include NEW quartz countertops, a huge center island with breakfast bar, walk-in pantry, and ample cabinet space. Spacious primary suite features a large bathroom with dual vanities and TWO walk-in closets. There is a separate den or office space, and the guest wing has roomy bedrooms and a full-size bathroom. Outside, you will find a gorgeous landscaping, covered patio and a tandem 3-car garage. Rancho Cabrillo is conveniently located just minutes to the loop 303 and US 60 freeways, and close to outdoor activities such as hiking and golf, as well as retail and restaurants. This one won't last!

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6280 W Saratoga Way Florence, AZ 85132

$520,000

2 Beds

2 Baths

2,324 SqFt

Status Active

MLS # 6647339

Property Type Single Family Residence

Price Type --

ENJOY LOOKING OUT TO THE 18TH GREEN OF POSTON BUTTE GOLF COURSE!! This is the ''Concord'' model home offering a spacious open floor plan, 10' foot ceilings, a gourmet kitchen with stainless steel appliances, granite counter tops, and lots of storage! The large Main bedroom offers backyard access through a sliding door, walk-in shower and large closet. Watch golf and the sun set on your back patio that features flagstone, synthetic grass and built in seating.

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11900 N 32nd Street Phoenix, AZ 85028

$520,000

3 Beds

2.5 Baths

1,850 SqFt

Status Active

MLS # 6648074

Property Type Single Family Residence

Price Type --

Experience the epitome of modern living in this charming 3-bedroom, 2-story residence situated on a coveted corner lot in a quaint and welcoming community. The home is bathed in an abundance of natural light, enhanced by luxurious light fixtures, creating an atmosphere of warmth and sophistication against a neutral color palette. The kitchen, a focal point of both style and functionality, boasts a breakfast bar, ample cabinet space, and stunning quartz countertops. Upstairs, a balcony offers a private escape, while a covered patio beckons for outdoor gatherings. Conveniently located close to biking paths and hiking trails! With thoughtful design, ample natural light, and a touch of luxury, this home is a haven of comfort in a small community that prioritizes the charm of community living.

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40861 W Little Drive Maricopa, AZ 85138

$520,000

3 Beds

2 Baths

1,803 SqFt

Status Active

MLS # 6649449

Property Type Single Family Residence

Price Type --

Single Story WATERFRONT property in the highly desirable Lakes at Rancho El Dorado community! Southern exposure on this 3 bdroom, 2 bath home + a den has the perfect open concept floorplan with a split master. Large den with french doors could easily be utilized as a 4th bedroom. The gorgeous kitchen overlooks the dining space & great room and features granite counters, custom ceramic tile, an island w/breakfast bar, stainless steel appliances, gas range & staggered upgraded cabinets with crown molding. Large master bedroom has an attached bathroom, walk-in closet & a separate entrance to private back patio! WRAP AROUND patio with beautiful pergola & custom pull down shades. Oversized garage (4ft larger), smart key, water softener system and reverse osmosis, ext. paint in 2020. RV GATE

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14024 W Desert Flower Drive Goodyear, AZ 85395

$520,000

3 Beds

2.5 Baths

1,983 SqFt

Status Active

MLS # 6651123

Property Type Townhouse

Price Type --

Recently built (mid-2022) single story home in beautiful Palm Valley is highly upgraded (nearly 50K), exceptionally clean and well cared for. Nestled on a corner lot within a quiet neighborhood and close to top rated schools, shopping, dining, and golf. Recently purchased Samsung Washer & Dryer and (2) Whirlpool French Door refrigerators convey. The main living space features large, on-trend 12'' x 24'' tile. The kitchen has upgraded white cabinetry with glass panels, crown molding and both in-cabinet and under cabinet LED lighting. The fully wrapped center island pops with gorgeous contrasting light gray cabinetry. Three large sliding patio doors with motorized roll up shades and custom cornices offer a light and bright or private, calming atmosphere. The private primary retreat features an oversize, freestanding tub for rejuvenating soaks and a fully tiled and enclosed shower for beauty and ease of care. Two additional bedrooms, which do not share common walls with the primary, are perfect for children or a home office and feature their own full bathroom. In addition, a half bath is centrally located, perfect for guests. A professionally landscaped rear yard includes high quality artificial turf and a custom paver walkway. The fully finished garage offers a professionally applied epoxy floor and an upgraded LED lighting system. Full spray foam insulation combined with whole house LED lighting and Ecobee thermostat offer optimal energy savings. True pride of ownership makes this home a rare find, please visit today!

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13602 W Hearn Road Surprise, AZ 85379

$520,000

3 Beds

2.5 Baths

2,990 SqFt

Status Active

MLS # 6658164

Property Type Single Family Residence

Price Type --

Seller is offering 2% seller's concessions for a full price offer!!!! AMAZING UPDATED HOME IN A GREAT LOCATION! This large home has been meticulously updated to include new A/C and furnaces, new paint inside AND outside, and new carpet. The large kitchen includes beautiful new granite countertops and lighting, and all new stainless-steel appliances. The 2 1/2 bathrooms include new vanities, mirrors, and lighting. The upstairs includes a large open loft for a kids playroom or optional converted 4th bedroom, upstairs laundry, and master bedroom with a split his & hers master closet. Downstairs includes a flex-room that can be made into a great home office for that remote work. Great location includes nearby schools, groceries, restaurants, movie theater and fitness, as well as the brand new Prasada entertainment and retail district & multiple playgrounds for the kids. A Must See - Must Have Home.

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