Election’s Over… Now What?

The election is over, and we definitely managed to elect a new president. Thank goodness for a quick turnaround on that! Many of us were worried that it would take forever.

How the Markets Responded to the Election

The election is what it is. We all survived, and we are all here today. The good news is that it’s nice to see that the market (specifically the bond market with regards to interest rates) seems to be taking it in stride.

There’s no question the markets have been running scared for a month or so, which got us to where we are. The market is off a little today, but we didn’t break through any technical barriers – which is really good news so far.

Tomorrow is Coming: Let’s Get Back to Normal

We’ll see what happens! A lot of the people that I am listening to are expecting that there will be a bit of a shock as we settle into this. But it is just going to get to business as usual, which is what we want. Politics aside, tomorrow is coming!

For now, so far so good with regards to any negativity about interest rates. We’ve been in a pretty solid position since the election.

Next up is the 2-day Fed meeting. This meeting got moved back a day because of the election. Everyone is expecting another quarter-point drop. But we will see what happens.

For now, the big news is that we made it through the election. We know who the president is, whether you like it or not, and the market (so far) seems to be taking it in stride.

It looks like we can get back to normal, meaning that we start paying attention to things like jobs, inflation, and other stuff that should really be the things that are moving interest rates.

As always, I’m here to help if you have questions or need personalized recommendations for your mortgage financing. Reach out any time!