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

How Will Having a New President Impact Your Mortgage? Let's Take a LookThere 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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8795 S 167th Lane Goodyear, AZ 85338

$474,900
3 Beds
2 Baths
1,760 SqFt
Status Active
MLS # 6696621
Property Type Single Family Residence
Price Type --
This great single story home in sought after Estrella sits on a premium 7K plus square foot lot with mountain views and no neighbors to the north or east! Light and bright open concept kitchen and main living space with lots of windows and bright, modern color scheme! Three bedrooms, 2 baths, 2 car garage, 1760 square feet - primary suite offers en suite bath w/ dual sinks, separate tub/shower and walk in closet. Kitchen offers an island, pantry, lots of cabinets, upgraded stainless steel appliances, gas stove, farm sink, RO drinking water & quartz countertops! Resort style living at its best with tons of amenities - walking/hiking/biking paths, community centers, residents clubs, golf - less than a mile to Cafe Bebida and even closer to new park w/ splash pad and more!

1647 E Grand Ridge Road Queen Creek, AZ 85140

$474,900
2 Beds
2 Baths
1,574 SqFt
Status Active
MLS # 6673612
Property Type Single Family Residence
Price Type --
This Monaco plan is ready for you! Start enjoying Encanterra in 2024! The home is situated on a premium homesite with no neighbors behind, tons of privacy and mature trees. Cozy up by the backyard fireplace and enjoy your morning coffee or glass of wine at night. The front courtyard is ideal for entertaining or waving to the neighbors as they walk by. The den makes a perfect home office but also offers a built in Murphy bed for extra guest space. Upgraded tile is throughout the main living areas and the home offers a ton of natural light that creates a beautiful flow. This home is as short walk to the main clubhouse and Encanterra offers tons of amenities at your fingertips. Start living the Good Life at Encanterra today!

3207 Iris Lane Prescott, AZ 86305

$474,500 - 2Br/2Ba -  for Sale in Courtyards At The Gardens At Willow Creek Re-do, Prescott
New
$474,500
2 Beds
2 Baths
1,496 SqFt
Status Active
MLS # 6704110
Property Type Townhouse
Price Type --
This beautiful home offers the largest floor plan available in The Courtyards at The Gardens, a beautiful gated 55+ townhome community! At 1496 SF, 2B/2B with 2-car garage, you will enjoy the gated courtyard entry & garden as well as the fenced private backyard with full length patio and screened porch that can be accessed from both bedrooms. Skylights and solar tubes bring in that beautiful Arizona sunshine. Security screen doors bring in fresh air. Primary suite offers a walk-in closet, soaking tub & separate shower. New roof, solar tubes, skylights & gutters in 2022, HVAC 2020, New Carpet & Dishwasher April 2024. The Courtyards at The Gardens shares amenities & activities with The Gardens at Willow Creek. The two communities, both gated, are connected internally by a walking bridge.

15631 W Bethesda Court Surprise, AZ 85374

$474,500
3 Beds
2 Baths
1,889 SqFt
Status Active
MLS # 6651863
Property Type Single Family Residence
Price Type --
Price Improvement!! Stunning Palo Verde Model complete with all the bells and whistles! New Roof, Owned Solar, New HVAC, New Windows, New Exterior Paint, Cool Deck on Driveway, Walkways and Patio. Interior Upgrades, including SS Appliances...just move right in! Don't miss this excellent opportunity to live in a Premier 45+ Community! Priced far below market value!

1522 W Hadley Street Phoenix, AZ 85007

$474,500
4 Beds
2 Baths
1,540 SqFt
Status Active
MLS # 6675363
Property Type Single Family Residence
Price Type --
Home, sweet home! Comfort meets convenience in this fully fenced 4-bed, 2-bath residence in Phoenix! You are greeted by the large & bright living room graced with tile flooring in all the right places. The impeccable eat-in kitchen features recessed lighting, ample white cabinetry, built-in appliances, a handy pantry, and glossy granite counters. The sizable primary bedroom offers a walk-in closet for all your belongings and a private bathroom with a combination of shower & tub. PLUS! Secondary bedrooms provide well-sized closets. The 2-car garage includes attached cabinets. In the spacious backyard, you'll find a storage shed and an RV gate. This gem won't disappoint you! Hurry before it's gone!

29388 N 123rd Glen Peoria, AZ 85383

$474,500
3 Beds
3 Baths
2,498 SqFt
Status Active
MLS # 6691976
Property Type Single Family Residence
Price Type --
Resort Style Living at its best! Stylish low maintenance turnkey home just steps away from community pool & jacuzzi. This 3 bedroom 3 full bathroom home shows like a model home. Spacious office downstairs with a huge loft upstairs. Parking in the garage or street parking is available. Large open floor plan w 9' flat ceilings & sliding glass doors that flow into an inviting courtyard w plush landscaping & paver patio. Perfect for entertaining one or many! Kitchen includes granite counter tops, breakfast bar, walk-in pantry, cabinets galore, stainless steel appliances w natural gas range. Owner's suite includes walk-in closet, walk in shower w dual shower heads & balcony. Laundry has washer & dryer, fire protection sprinkler system. The 2-car garage w 2 large overhead racks! Come see us!

23393 W Winslow Avenue Buckeye, AZ 85326

$474,213
5 Beds
3 Baths
2,624 SqFt
Status Active
MLS # 6638299
Property Type Single Family Residence
Price Type --
Perfect Layout!! Finished 5 Bedroom 3 bathroom + HUGE loft upstairs! Large Kitchen With covered patio! Stop by and ask about our whole house air purification system incorporated into the architecture of this home, or home automation that saves money on utility bills, bringing you peace of mind and unlimited freedom.

5069 N Atwood Court Prescott Valley, AZ 86314

$474,197
2 Beds
2 Baths
1,307 SqFt
Status Active
MLS # 6694713
Property Type Single Family Residence
Price Type --
A beautiful Capstone Home in the most sought after community in Prescott Valley ''Jasper'' This home is MOVE-IN-READY. This home features 2 bedrooms, 2 baths, and a tandem 3 car garage. White shaker cabinets, quartz countertops, luxury vinyl plank flooring and 12'' by 24'' tile in the bathrooms and primary shower. A great room fireplace with tile surround makes this open floor plan comfortable and cozy. Come see this home today!

17639 W Hatcher Road Waddell, AZ 85355

$474,030
3 Beds
2.5 Baths
2,052 SqFt
Status Active
MLS # 6674701
Property Type Single Family Residence
Price Type --
This Gorgeous sprawling floor plan has 2052 SF , w/3 bedrooms, 2.5 bathrooms, and a 3 car tandem garage! Almost ready for you! Est COE in Jun/Jul 2024. This home features a fresh, neutral color palette, offering 36'' white shaker cabinetry, a large kitchen island, white quartz countertops, 9' ceilings and tile flooring. It also includes features you'll love like a soft water loop, under cabinet lighting in the kitchen, dual pane low-E windows, multi-zone thermostat, and a smart home system. The exterior features front yard landscaping, a covered patio and private backyard. Conveniently located off the 303, this gated community is near Costco, Walmart, and shopping. **Finishes may vary from sample photos and virtual tour.

41906 W Solitare Drive Maricopa, AZ 85138

$474,000
2 Beds
2 Baths
1,896 SqFt
Status Active
MLS # 6694815
Property Type Single Family Residence
Price Type --
You will fall in love with this Yukon model where no expense has been spared. When you pull up, you will notice the ungraded exterior and the enclosed front patio with water feature. The upgraded security door opens to the entry with 15' diagonal tile with Belcaro walnut finish lighting. The entry to the den has Italian drapes called Veneto and are on rods with granite fineals. The den has the same drapery and rods with Hunter-Douglas roman shades. The same quality continues into the great room overlooking the extended covered patio. The kitchen has a special stone sinks, large granite counters with glass backspalsh and pull out shelves in all cabinets. Best of all - all applicances stay. The pendant lights match the Belcaro chandelier in the dining room which has sun shades on the side windows. Both bedrooms have upgraded carpet and room darkening roman shades. Both the walk-in closet and the guest bedroom closet have extra shelving. Did you notice the bay window in the master overlooking the oversized backyard? Master bath has an oversized garden tub and separate shower with rain glass. The patio has extended pergola covering with a privacy wall at one end. You have a TV jack and natural gas stub, all overlooking the extra large, perfectly landscaped backyard. The laundry room has cabinets above the washer/dryer and the owner is leaving these appliances for you. The extra length garage has a utility sink, cabinets on two walls, overhead storage, the floor has an epoxy coating and you have a side door to the outside. All of this in the 55+ guard gated lake community of Province; where you can fish in the lakes, walk on one of the 5 miles of walking paths throughout the community, practice your putting, play a game of pickleball or tennis is nothing short of retiring like you mean it! To wrap it all up, inside the 32,000 square foot club house, you have a fitness center, lap pool, library, billiards room, ceramic, sewing, and computer center besides the quaint, gorgeous outdoor pool for perfect solitude or fun gatherings with friends and family. What more can you ask for... all for an affordable price in an incredible community awaiting your arrival !!

7300 E Earll Drive Scottsdale, AZ 85251

$474,000
1 Bed
1 Bath
864 SqFt
Status Active
MLS # 6607436
Property Type Apartment
Price Type --
Welcome to Inspire on Earll, a gated community perfectly situated in the heart of Old Town Scottsdale putting you incredibly close to some of the best restaurants, stores, galleries, and more! At home, you'll enjoy this ground level single bed & bath corner unit with one of the few large, oversized outdoor back patios in the complex, and with only one neighbor. Beautiful white shaker cabinets and quartz counter are accented by a gray subway tile backsplash and stainless steel. You and your guests can relax by the pool with shaded Ramada area, firepit, and hot tub, or take advantage of other community amenities such as the fitness center, lounge area, ping pong table, and outdoor grill. Most furniture is available on a separate Bill of Sale. Don't miss this opportunity!

3415 W Willow Avenue Phoenix, AZ 85029

$474,000
3 Beds
2 Baths
1,997 SqFt
Status Active
MLS # 6692256
Property Type Single Family Residence
Price Type --
Welcome to your desert oasis! This stunning home boasts exceptional curb appeal with mature desert landscaping and a freshly painted exterior. Step inside to discover a completely remodeled interior, highlighted by wood plank tile flooring, fresh paint throughout, and recessed lighting, creating a modern and stylish ambiance. The spacious living room is illuminated by two massive windows, flooding the space with natural light. The kitchen is a chef's dream, featuring white shaker cabinets, sleek black hardware, and a matching black faucet. Quartz countertops, recessed lighting, and pendant lights add both style and functionality to the space, making it the heart of the home. (CLICK TO READ MORE) Retreat to the perfectly sized primary suite, offering quartz countertops, upgraded lighting and fixtures, and its own exit to the backyard through sliding doors. A highlight of this home is the Arizona room, complete with French doors connecting to both the main house and the exterior. Enjoy panoramic views of the gorgeous backyard oasis, featuring a sparkling pool, covered patio, and RV gate with ample space for parking an RV or other recreational vehicles. A shed provides additional storage space, while the fenced-in pool area ensures safety and privacy. Don't miss the opportunity to make this desert retreat your own and experience the ultimate Arizona living!

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