Rates Refuse to Drop Ahead of Election. How About After?

It is our longstanding policy to strictly avoid politics except in cases where the political realm legitimately intersects with relevant events for rates. Now is clearly one of those times. The discussion that follows contains no opinion or partisan leaning. Before getting started, let's catch up with mortgage rates .  Things haven't been great and much of the media coverage focuses on Freddie Mac's stale weekly survey number.  Actual daily averages are already much higher. Today didn't offer any material change on that front, leaving us free to focus on what may lie ahead. There is an objective correlation between various measures of the election outcome and recent rate movement.  Correlation is not necessarily causality, but comments from several high profile investors have