How will the US election affect interest rates?
How will the US election affect interest rates?
We have recommended for years to have your mortgage term come due in a US election year. For some magic reason, US Presidents do not raise rates in an election year. In addition, this will be the hardest, most brutal election in history. No one will want higher rates. Also – for what it’s worth – no matter who wins, the opposition will fight tooth and nail even after he/she is elected to bring them down.
