{"id":12296,"date":"2008-11-04T23:01:47","date_gmt":"2008-11-05T03:01:47","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=12296"},"modified":"2019-04-23T20:57:00","modified_gmt":"2019-04-23T20:57:00","slug":"12296","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/12296\/","title":{"rendered":"A Vote For Lower Rates"},"content":{"rendered":"<p><a href=\"https:\/\/www.ewmrealestate.com\/blog\/files\/2008\/11\/vote-low-rates_1225775848.jpg\"><img loading=\"lazy\" class=\"alignleft size-medium wp-image-12295\" src=\"https:\/\/www.ewmrealestate.com\/blog\/files\/2008\/11\/vote-low-rates_1225775848.jpg\" alt=\"\" width=\"220\" height=\"218\" \/><\/a>The prevailing thought was that once the new President-Elect was identified, credit markets will systemically unfreeze and housing markets will return to normal.<\/p>\n<p>If history is a guide, this is an unlikely scenario.<\/p>\n<p>Election Day doesn&#8217;t figure to alter markets any more in 2008 than it did after the four <em>previous<\/em> presidential elections.<\/p>\n<p>If <em>anything<\/em>, post-Election Day market reaction has been muted:<\/p>\n<ul>\n<li>1992 : Dow closes down 0.9 percent the day after Election Day<\/li>\n<li>1996 : Dow closes up 1.6 percent the day after Election Day<\/li>\n<li>2000 : Dow closes down 0.4 percent the day after Election Day<\/li>\n<li>2004 : Dow closes up 1.0 percent the day after Election Day<\/li>\n<\/ul>\n<p><strong>But just because the stock market has a history of idling on the day after the election doesn&#8217;t mean that mortgage rates will rest easy this week.\u00a0 The likely outcome is the opposite, actually.<\/strong><\/p>\n<p>If investors believe the President-elect will successfully stimulate the economy, stock markets would likely rally, causing mortgage bonds to sell off and mortgage rates to rise.<\/p>\n<p>Or, if investors think the winning candidate will <em>fail <\/em>to revive the economy, money would flock to government bonds as a place of safety.\u00a0 This dollar flow would\u00a0occur at the expense of the mortgage market, causing rates to rise in <em>this<\/em> scenario, too.<\/p>\n<p>Of course, it&#8217;s as difficult to predict post-Election market conditions as it is to predict the election itself but one thing is for certain &#8212; rates may rise and fall before the week is out, but credit guidelines will remain extra-tight.\u00a0 Getting approved for a mortgage won&#8217;t be any easier &#8212; no matter which party wins the Presidential Election.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The prevailing thought was that once the new President-Elect was identified, credit markets will systemically unfreeze and housing markets will return to normal. If history is a guide, this is an unlikely scenario. Election Day doesn&#8217;t figure to alter markets any more in 2008 than it did after the four previous presidential elections. If anything,<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/12296\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5395,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Vote For Lower Rates - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/12296\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Vote For Lower Rates - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"The prevailing thought was that once the new President-Elect was identified, credit markets will systemically unfreeze and housing markets will return to normal. If history is a guide, this is an unlikely scenario. Election Day doesn&#8217;t figure to alter markets any more in 2008 than it did after the four previous presidential elections. If anything,Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/12296\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2008-11-05T03:01:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:57:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"EWM Marketing\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"EWM Marketing\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/12296\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/12296\/\"},\"author\":{\"name\":\"EWM Marketing\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/3a9b03cccfbcd6dc5e4bcdcc0b2c8511\"},\"headline\":\"A Vote For Lower Rates\",\"datePublished\":\"2008-11-05T03:01:47+00:00\",\"dateModified\":\"2019-04-23T20:57:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/12296\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"articleSection\":[\"EWM News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/12296\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/12296\/\",\"name\":\"A Vote For Lower Rates - 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