Refinance Before the Election!
The main topic dominating U.S. news right now is, obviously, the upcoming Presidential Election; it’s not just the presidency up for grabs, we’re talking about potential shifts in power for senate seats, major laws, Supreme Court, etc. You’ve seen the headlines.
How does this affect the mortgage industry?
To put it simply: It could move rates, and sharply! Anytime global news threatens to change political climates, uncertainty / general instability causes financial turbulence. It’s not a one-to-one connection, but bad news for investor confidence tends to improve rates, and vice-versa. Good news, depending on the impact, can shift rates as well.
The bottom line: Our current October rate climate is incredibly beneficial to many homeowners. In other words, we don’t want these near-record low rates to end. But they might, and before they do, you’ll want to take advantage with your refinance or new home purchase.
Please feel free to call Prospect Home Finance to ask your loan questions to a qualified Loan Officer – 858-605-0952 – or check rates anytime / for free at ProspectQuote.com.
Prospect Financial Group
948 Garnet Avenue
San Diego, CA 92109
NMLS: 349089 | BRE: 01837707