Mortgage rates were predicted to fall in 2025. Does a Trump win change that? [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
Expectations of higher inflation and more government debt under Trump have helped mortgage rates rise in recent weeks. Trump's plans for deregulation could make building houses easier, improving supply and affordability. For a while now, experts have been saying that mortgage rates should drop soon, and that if you're thinking about buying a house , you may be able to get a better rate by waiting until 2025. But some economists and investors are worried that President-elect Donald Trump's second term could see inflation and interest rates rise again . What does that mean for mortgage rates? Why mortgage rates rose ahead of the election — and are still high now Mortgage rates went down a lot in September, with 30-year rates dropping near 6%, according to Freddie Mac . But they increased rapidly in October in the run-up to the election, and they're now up to 6.78%. According to Chen Zhao, who leads Redfin's economics team, bond investors think that Trump's proposed policies
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- Today's Mortgage Rates | Rates May Remain Above 6% Next Year [Business Insider]Business Insider
- Today's Mortgage Rates | Rates Still Haven't Moved Much [Business Insider]Business Insider
- Today's Mortgage Rates | Rates Up as Investors Remain Uncertain About December Fed Cut [Business Insider]Business Insider
- Today's Mortgage Rates | Why Are Rates So Stubbornly High? [Business Insider]Business Insider
- Today's Mortgage Rates | What if the Fed Doesn't Cut Rates in December? [Business Insider]Business Insider
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