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That can cause mortgage rates to go back up.
Mortgage rates go up and down with the rate of inflation.
Based on this correlation, heres why Cohn believes aDonald Trumpelection win could causemortgage rates to increase.
Trumps Policies Are More Inflationary
Cohn believes that Trumps policy proposals could mean higher levels of inflation.
However, inflation could also potentially become worse under aJoe Bidenpresidency.
Bidens spending could be inflationary to this country, Cohn warned.
Things would continue on the path that theyre going on now.
If rates continue to decrease under Biden, this could revive the real estate market.
Lower rates are good for real estate values, Cohn said.
When rates come down, more buyers come back into the marketplace and prices go up.
When rates come down, more buyers come back into the marketplace and actually buy.
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