Whichever candidate — Kamala Harris or Donald Trump — wins the 2024 presidential election will not have a significant impact on the path of interest rates, but they will bring changes to the mortgage industry from a regulatory standpoint, according to Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit. 

“Neither candidate is serious about fiscal discipline,“ Broeksmit said on Tuesday during HousingWire’s IMB Summit in Dallas. “Why does that matter? Funding the deficit crowds out mortgage debt, because if we’re going to run $1 trillion to $2 details ⇒

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