Mortgage
What impact will the election have on mortgage rates?
Mortgage rates have been increasing, impacting both homebuyers and sellers. Inventory shortage is driving up home prices, leading to potential buyers being sidelined. The Federal Reserve’s recent monetary policy has made borrowing more expensive for Americans. Experts argue that there is no direct correlation between an election and mortgage rates. After the election, uncertainty may decrease, allowing interest rates to fall. Homebuyers and sellers are advised to focus on long-term goals, control what they can, and be prepared to adjust to changes in mortgage rates.
– Mortgage rates are increasing, affecting homebuyers and sellers
– Inventory shortage is driving up home prices
– Federal Reserve’s monetary policy is making borrowing more expensive
– Experts say there is no direct correlation between elections and mortgage rates
– Post-election, uncertainty may decrease, allowing for interest rates to fall
– Homebuyers and sellers are advised to focus on long-term goals and be prepared to adjust to changes in mortgage rates
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