Elections and Interest Rates
This information is from a good friend of mine, real estate investor, and lender with access to tons of different inventory friendly options! I personally think he is a genius when it comes to thinking outside the box and being creative in real estate investing. He has been a huge help and inspiration in our journey. Reach out to him to connect...and I hope you find this informative! Seth VanEssen at Community Banks.
"Right now everyone is wondering about the future and how the elections will affect many aspects of life as we know it. While we wait to see what unfolds here is some interesting data in regards to rates.
How have rates historically been affected in election years in the past?
https://themortgagereports.com/59520/forecast-mortgage-rates-after-2020-election
The good news is that with rates at all-time lows even if we have the highest increase in rates that we have ever see after an election we still have some of the most affordable money in history!! This has keep many investors active and engage in the buying real estate.
See how much rates can affect affordability in a house:
https://www.moneyunder30.com/1-percent-difference-mortgage-rate
Let us know if we can help navigate your real estate investment strategies with you!"