With the election right around the corner, you may be wondering what is going to happen with the interest rates as a result.
Will rates go up or will the rates go down? What’s going to happen with the economy?
These questions are everywhere and, unfortunately, there is no way of knowing the outcome – at least for now.
The general consensus here at Creekside Mortgage, Inc. is that rates are going to maintain after the election results are in and we also don’t expect much change with the economy, either.
In 7 out of the past 8 elections rates have picked up slightly after the election – but, we don’t think that will be the case this year.
One of the things that could lead to rates staying low is a sense of chaos or confusion in the economy. We don’t see the election as solidifying the economy or putting people’s mind at ease. So, the chaos and confusion in the economy is likely to remain, keeping the rates down where they have been. Again, however, this is merely speculation.
Ultimately, we believe that no matter who is elected as the next president, little is going to change – at least for awhile.
Only when the election is behind us, will have any real sense of whether our speculations are correct.
Keep in mind this blog post is intended to be a point of conversation and that the only rate you can be sure of is the one being offered right now. If you are worried about the rates going up after the election, call us today at 360.571.5626 or 800.920.5420 and take advantage of the currently low rates.