Will the recent midterm elections affect mortgage rates?

Elections may have a slight short term effect but won't last long. The state of the economy is what's keeping rates low presently & by the looks of it, they may stay low well into next year.

Historically, mortgage rates don't seem to be affected much, if at all, by elections. In 2008, rates fluctuated 1/4% 3 months prior to 3 months after the electionin 2004, rates decreased by 1/4% from the 3 nnoths prior to 3 months after.in 2000, rates did decrease by 1% from the 3 months prior t 3 months after. But the downwards trend had already started much before that. It just continued.I could keep going back but you would find that elections don't seem to affect rates . They really are determined by mortgage bonds wich are traded just like stocks. normally mortgage bonds and the stock market are inversly related. This means if the stock market goes up, mortgage bonds go down. When mortgage bonds go down, rates go up.An easier way to remember is; if the stock market is up, mortgage rates usually go up. It's not always the case, but that is the normal pattern. Hope that helps!

Not immediately. .... But the new balance in power may influence the Fed's decision making in the future. ... This could effect rates and the general overall economy in the months ahead.