Trump’s economic agenda confuses outlook for mortgage rates [Investment Executive - News]
Raymond James Financial, Inc. (RJF)
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Source: Investment Executive - News
Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. But his proposed economic agenda could potentially set the stage for mortgage rates to move higher, some economists and analysts say. Mortgage rates are influenced by several factors, including moves in the yield for U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans. Treasury yields rose in recent weeks even after the Federal Reserve cut its benchmark interest rate, which influences rates on all types of loans including mortgages. Investors appeared to question how far the Fed should cut rates given the strength of the economy. Then yields surged further immediately after Trump’s victory, sending the average rate on a 30-year mortgage up to 6.79%, according to mortgage buyer Freddie M
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News
- Trump's economic agenda for his second term is clouding the outlook for mortgage rates [Yahoo! Finance Canada]Yahoo! Finance Canada
- Trump's economic agenda for his second term is clouding the outlook for mortgage rates [Yahoo! Finance]Yahoo! Finance
- Former executive shares ‘the wealthy life’ with clients [Investment Executive - News]Investment Executive - News
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RJF
Earnings
- 10/23/24 - Beat
RJF
Sec Filings
- 11/12/24 - Form SC
- 10/23/24 - Form 8-K
- 10/22/24 - Form SC
- RJF's page on the SEC website