How are Mortgage Interest Rates Affected by the Presidential Election

How are Mortgage Interest Rates Affected by the Presidential Election

With change on the horizon after last night's election, it's only natural to wonder what “change” will come to the mortgage market as a result. Furthermore, what change to mortgage interest rates have U.S. elections stirred up in the past? We always hear rumblings about mortgage interest rates dropping after an election, but is there any truth to it? Should you refinance now, or wait it out a couple months for rates to drop? In order to find out, some number crunching is in order.

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Plummeting Mortgage Rates Trigger Jump in Mortgage Loan Activity and FHA Loans

Plummeting Mortgage Rates Trigger Jump in Mortgage Loan Activity and FHA Loans

Rapidly falling mortgage rates are bringing consumers seeking a mortgage out in droves, according to the report released today by the Mortgage Bankers Association. The association’s Weekly Mortgage Applications Survey, which measures week-over-week volume of people applying for a mortgage to either purchase a home or refinance an existing mortgage, showed loan application activity increased 9.5%.

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