Mortgage rates reached their highest levels in the intermediate cycle at around 8% in October 2023. Over the following year, they gradually declined, hitting a low of 6% by October 2024. This drop coincided with the Federal Reserve's first rate cut of the year, a widely anticipated move that had ... » Learn More about From Peaks to Dips: Understanding the Mortgage Rate Rollercoaster of 2023-2024
Trump’s Economic Plan
How Trump’s Economic Plan Could Impact Mortgage Rates
When it comes to buying a home, mortgage rates play a massive role in determining affordability. With President-elect Trump’s potential economic policies on the horizon, it’s worth asking: how could these plans influence mortgage rates? Let’s break it down. 1. Fiscal Policies and Government Debt: ... » Learn More about How Trump’s Economic Plan Could Impact Mortgage Rates