Boy I hope so...I'd luv to refi again.
I'm in the process of refinancing. We have intentionally let the rate float in expectation of this decision and a "good" result in the election. Looks like we got it. We'll have to see how rates move today.
The eternal optimist in me doubts we'll have a double dip. I think the election has yielded a crop of politicians that are fiscally conservative & way more free market oriented than their predecessors. I don't expect change to happen overnight but I do look for the return of hope for a better future to come to main street. Time will tell.
I'm an independent. I'm not wild about the policies of either side. We need to cut spending but we also need to raise taxes. Unfortunately both parties have focused so much on message, dogma, and getting re-elected that we no longer have statesmen (or women) that work for the good of the country.
I frankly don't think the current crop is any better. In all the gloating and wound-licking there is very little discussion of how to work together to address the economic problems of the country. Until one side agrees that we need serious cuts to everything - entitlements, social programs, and defense, and the other side agrees we need to raise taxes, there will be no progress.
We are not in a downward spiral, we are stuck in the mud. Eventually the economy will recover but I don't think you will see the growth rates we've had for 20+ years. I think it will creep along like it did in late 40s through early 60s. Japan is about 10-15 years ahead of us in the cycle. Even though the pundits all say we are different than Japan, you can almost lay the events and outcomes side by side and predict what will happen next here! It's not pretty but it's not too ugly either.