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Which direction are interest rates likely to move within the next year Dana Bain

February 26th, 2016 7:36 PM by Dana Bain



Which direction are interest rates likely to move within the next year?

 

Historically, presidential elections can cause great turmoil in the interest rates. The uncertainty of an election like this one, where a new president will definitely be elected heightens the tension, and thus creates pressure on markets. Not knowing what the fiscal course may be under a new administration can cause banks to tighten up their loan policies, and the fed-foreseeing this-tends to hold the line on the base rate, in an attempt to keep the economy running smoothly, even though markets and bankers may find it hard to exhale. After the election, rates could go up slightly or more, depending on which party gets elected, and what direction the new president wants to take. If you are considering buying a home or refinancing , lock in a mortgage now at historic low rates. If you wait, you may regret it, money-wise.

 


Dana Bain 

Posted in:General and tagged: mortgage ratesdana bain
Posted by Dana Bain on February 26th, 2016 7:36 PM

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