Just in the last few days, since the election results, the mortgage rates have climbed up more than half percent. Here are the main three reasons for this:
FED: The anticipation of Fed’s December meeting is that they will raise the Federal Funds Rate (the rate banks pay for borrowing money overnight from Fed). Most economists think that recent positive economic indicators will enable Janet Yellen, Fed chairwoman, to finally make the move and raise rates by at least quarter
With so many issues at stake, domestic and global, this has been the most unstable and hollow elections we have ever seen for a long time. Housing is in every American’s mind now days and nothing is more important to the health of the housing market than the mortgage industry.
So which candidate is better for housing industry? Each candidate has expressed different priority when it comes to housing market.
Clinton has been little more vocal about her intention, which is a