Homeowners and buyers are the real winners in this election

[bluemingidiot]

The average rate on the popular 30-year fixed mortgage fell to 2.78% for the week ending Nov. 5, down from 2.81% the previous week and 3.69% the same week one year ago, according to Freddie Mac.  With rates now close to a full percentage point lower than they were a year ago, homeowners are rushing to refinance yet again, even as so many have already refinanced in the past year. Mortgage applications to refinance a home loan were over 80% higher last week compared with a year ago, according to the MBA.

www.cnbc.com/2020/11/05/homeowners-and-buyers-are-the-real-winners-in-this-election.html

[christie]

Never mind the prices of houses has increased.

Reuters reports in an analysis that whoever wins the presidential election “will face monumental challenges on the economic front.” The recession “has wiped away more than a year of economic output and more than five years of jobs growth. The workforce is now smaller than it was a year before [President] Trump first took office.” Reuters adds that while consumer spending “is stronger than it was right after the pandemic exploded in March,” it is “only back to where it was last June.” In addition, “housing prices are on the rise,” and although manufacturing activity “has rebounded,” manufacturing employment “is in worse shape than employment overall.” Moreover, “the coronavirus is still surging across most of the United States.”

[laurazone5]

I refied to the lower rate in August for fear that if the election went left, taxes were gonna squash me.

My house payment dropped 125.00 a month.

Right now, if my taxes DOUBLE, I will be able to make the payments and not lose my house.