Episode 48 Segment 3 - Mortgage Rates and the Election Year
John, Joel and Andrew discuss interest rates and mortgage insurance in the third segment of episode 48 of Austin Mortgage Report. How high (or low) were rates predicated to be at this point? Were the predictions correct? Is there anything you can do if you find yourself with a high interest rate?
They also discuss what happens to interest rates during an election year. They specifically observe the stock market and the relationship between the stock market and mortgage rates. With that relationship in mind, they point out the typical behavior of the stock market and how that affects mortgage rates. How does the federal reserve play into current mortgage rates? When is the best time to buy during an election year?