This is a YouTube video titled "ELECTION DAY'S IMPACT ON MORTGAGE RATES!" created on November 27, 2024. The content is a discussion between two speakers analyzing how the 2024 US presidential election outcomes could affect mortgage rates, focusing on government spending, inflation, and national deficit projections from each party's policies. The conversation includes recent polling data and its impact on mortgage rate fluctuations.
With the 2024 US presidential election taking place tomorrow, let's dive in what each result would mean for mortgage rates. Mortgage rates are looking at the policies and the data from each party and what they would mean for government spending and inflationary factors. If we take it from the chief US Economist for market data, they believe that a Democratic.
Win would increase the.
National deficit by 3.5.
Trillion over the next 10 years.
But they believe a Republican victory would increase that same national deficit.
By 7.5 trillion the next 10 years.
So they believe.
More spending from the.
Republican side that's not good for inflation. That's more money going around than injected into the that.
Increases inflation, which hurts mortgage rates.
So that's just a face value just on the spending policies for each party. The last 30 days it's been more in favor of a Republican win about 60 to 40%. That's why mortgages have pulled back and gotten worse by almost a whole percent. But over the weekend, some states have started to flip and it looks like the 5050 rates right now, which is why mortgage rates have.
Recovered a little bit.
So still a whole lot more to digest. But right now at face value, it looks like a Democratic wins a little.
