Trump's Presidency Keeps Mortgage Rates Elevated Despite Fed Cuts
TL;DR Summary
Despite recent Federal Reserve interest rate cuts, mortgage rates have surged following Donald Trump's election win, reaching 6.98%. This increase is driven by rising 10-year Treasury bond yields, which reflect expectations of stronger economic growth and higher inflation. Market forecasts suggest mortgage rates will remain elevated around 6% into 2025, influenced by potential deficit spending and tariffs under Trump's administration.
- Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts CNBC
- The housing market is ‘unhealthy.’ Will that change under President Trump? CNN
- What the Fed rate cut means for mortgage interest rates CBS News
- High mortgage rates predicted to stay higher with Trump presidency Axios
- Trump’s win could impact Atlanta’s real estate market WABE 90.1 FM
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