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Trump's Presidency Keeps Mortgage Rates Elevated Despite Fed Cuts

1 min read
Source: CNBC
Trump's Presidency Keeps Mortgage Rates Elevated Despite Fed Cuts
Photo: CNBC
TL;DR

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.

Topics:businesseconomy#economic-growth#economy#federal-reserve#inflation#mortgage-rates#trump-election
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  1. Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts  CNBC
  2. The housing market is ‘unhealthy.’ Will that change under President Trump?  CNN
  3. What the Fed rate cut means for mortgage interest rates  CBS News
  4. High mortgage rates predicted to stay higher with Trump presidency  Axios
  5. Trump’s win could impact Atlanta’s real estate market  WABE 90.1 FM

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