Mortgage loan officers are advising clients to proceed with applications amidst political uncertainty, stressing that they can control their actions regardless of election outcomes.
Todd Bitter remarked that most loan officers believe business will normalize post-election, drawing a parallel to the Y2K hype. Political divisiveness has fueled volatility.
The recent uptick in mortgage rates defies the Federal Reserve's cut. Yet, as the election concludes, many hope rates will stabilize, irrespective of the new president.
Bitter believes Wednesday's outcome will change little in everyday life, stressing that political consequences are often overstated amidst the exaggeration of partisan tensions.
#mortgage-rates #us-presidential-election #homebuying #market-sentiment #political-impact-on-business
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