Good Morning!
Tomorrow is election day.
Do you recall what happened with mortgage rates after the 2016 election?
Mortgage rates rose rather dramatically in a short period of time.
Hopefully we won't see a repeat of this. The one wild card is the persistence of Covid-19. It continues to subdue economic growth expectations, and I personally see that tempering any dramatic swing in rates.
...I could be wrong however.
One way or the other - we are about to find out.
Happy November!
Thanks for reading!
Brett
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