Falling mortgage rates in recent weeks have inspired homeowners to refinance their homes. Some analysts suggest that the trend could continue amid cooling inflation and the expectation that the Federal Reserve will slash borrowing costs sooner rather than later.
Mortgage broker and CEO of Maryland-based First Trust Financial Marty Harlee told personal finance platform GoBankingRates that there could be a jump in refinancing after the November election.
“If former President Donald Trump should win the upcoming election, we would see another massive refinance boom along with a record number of home sales,” Harlee was quoted as saying. “I predict that Trump would definitely recommend to the Federal Reserve to lower the interest rates.”
Newsweek contacted Harlee by phone for comment on Thursday.
Trump has suggested that as president he would seek to have some say in how the Fed sets interest rates. “I feel the president should have at least [a] say in there,” the former president who is seeking re-election told …