Will the Election Impact the Housing Market & Interest Rates?

Many people are wondering…how will the election results impact the housing market, in particular interest rates? No one knows for sure, but if movement over the past week is any indication, there’s likely some good news ahead.

Interest rates since the day after the election, once final results were confirmed, have gone down about 1/4 percent. Agents are reporting a slight pickup in activity as buyers are coming off the sidelines with the expectation of a more solid job market and lower interest rates ahead.

What does this mean for you, if you’re looking to sell or buy in the next six months? It means that you should be ready so that when the right time comes, you can act. This is how smart home buyers get the best deals on their next home, at the lowest interest rate.