How do elections impact mortgage rates?

It’s probably a good idea to talk about real estate before the country burns itself down, so let’s get to it. Instead of factoring into the election, real estate instead provided part of its unimaginable backdrop. Despite the COVID-19-triggered recession and accusations from each candidate that his opponent would decimate the U.S. economy, the real estate and mortgage markets, driven by low interest rates and pent-up spring demand, experienced historic levels of activity. While cracks showed in American democracy, real estate built itself an impenetrable shell. It may be the perfect metaphor for the curated information bubbles most Americans live in. According to NerdWallet’s Holden Lewis, real estate is typically unimpacted by Republicans’ and Democrats’ quadrennial war. “People don't pay attention to the polls or the election results when buying and selling homes,” Lewis says. “Those d