Election Effect On Mortgage Rates

The path from mortgage rates to the white house is a circuitous one.

Election effect on mortgage rates. However the 2020 election winners can substantially impact mortgage rates depending on what actions they take. The predictions today say that 2021 mortgage rates will be around 3. During the next four years it continued to fall.

Mortgage rates then dropped by almost the same amount four years later after reagan s re election. In the first week of january 2020 the interest rate on a 30 year fixed rate mortgage was 3 72. Digging into the numbers reveals that the answer to that it is.

Although rates were falling year after year over the course of a 12 month period there weren t significant changes in interest rates. In 1992 the average rate was 8 39. In the third week of november 2020 interest rates on the same 30 year fixed rate mortgage were 2 72.

Here s a list of the change in mortgage rates from november to december of recent election years. There is no direct route as the president doesn t control rates but there are factors the president controls in tandem with. Bankrate analyzed the 12 presidential elections since 1972 and found that mortgage rates increased six times and fell six times.