The Influence of the Election on Mortgage Rates

This evening we saw Stock Futures drop by 700+ points with some experts predicting a drop as steep as 2000 points tomorrow (3x worse than ever in history). Anytime investors are nervous or uncertain, they typically pile into safe investments such as mortgage & treasury bonds. This flight to safety directly impacts mortgage rates driving yields/rates down due to increased demand.

We don't have a crystal ball, but tomorrow morning (and possibly weeks to come) may bring an opportunity for buyers/borrowers to lock in significantly lower rates. Tomorrow when the markets open we will let you know if our "professional prediction" is accurate.

In the meanwhile, feel free to contact us with any questions, scenarios, or concerns. 

 

 

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