10/30/2024
I know we are 7️⃣ days away from the election still… but it looks like the mortgage rate market has already decided who won.
As you can see, since the Fed Cut in mid Sept…. We’ve been seeing rates increase ⬆️ - especially over the last 2 weeks.
Why?!? 🤔
It appears bond investors are already predicting a Trump victory (based on data 📊) - and there has been a sell off recently causing rates to go 🆙
Where are they investing instead? Looks like gold and bitcoin.
My prediction 🤓: we won’t see meaningful movement with rates - up or down - in the next 30 days if Trump wins. (THIS IS NOT A POLITICAL POST AT ALL- I am the messanger of the data). I just think the bond investors are already “betting on Trump.”
Should you buy or sell NOW?
It depends on a LOT of factors and it is WAY more than just rate. We can lower the rate at any time no matter when you buy.
A true mortgage or real estate advisor, with YOUR 🫵 best interest, would answer this - by knowing a lot more about your personal situation and long term plans. It is not, and never should be, treated as a “one size fits all” answer.
Any follow up questions just text 📲
972-544-4480
🇺🇸❤️💙 - Nerd
