When asked by clients about financing new homes or investments, we talk about the impact of U.S. presidential elections on interest rates. My partner and I have had many different mortgages over the years and have come to the conclusion that it pays to arrange for a renewal date just prior to the U.S. election. It is hard to believe that somehow interest rates are manipulated to help incumbent U.S. political parties get re-elected, and frankly I am not sure why, but if you are arranging a new mortgage, you may wish to take into account this four year cycle of presidential elections and interest rates. It has certainly worked for us.
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