Trump’s Housing Agenda: Unclear
Donald Trump’s presidential win is already impacting the mortgage market. Concerns over tax changes and tariffs have fueled inflation fears and pushed up the 10-year Treasury yield, leading to higher mortgage rates. Analysts anticipate that Trump’s administration will encourage freer markets, reduced oversight, with potential plans to privatize Fannie Mae and Freddie Mac. The Mortgage Bankers Association has expressed optimism, expecting reduced regulatory burdens and lower costs for the mortgage industry over the next four years.
Ralph’s Take
There’s much to consider for housing under the new Trump administration, and with policy details still unfolding, mortgage rates are likely to stay elevated. As these housing policies take shape, I’ll keep you updated with the latest insights on their potential impact on our local market.
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