Tharon Green/CNET reports that President Trump’s tariff proposals have led to significant fluctuations in the mortgage market, with the average rate on a 30-year fixed mortgage moving between 6.5% and 7% in recent weeks. Housing experts suggest that mortgage rates may remain within this range for some time, but uncertainties in the economy, inflation, and trade policies make long-term predictions challenging.
The ongoing negotiations on tariffs have left mortgage rates without a clear direction, as stated by Melissa Cohn, regional vice president at William Raveis Mortgage. The uncertainty surrounding tariffs and the impending decisions could lead to further market turbulence in the future.
The potential impact of policies enacted by the administration and the Federal Reserve’s interest rate cuts will determine the direction of mortgage rates. Market volatility stemming from trade uncertainties and the Fed’s rate decisions will continue to influence mortgage rates.
Factors such as the possibility of a recession, Fed rate cuts, and risks associated with economic growth could cause mortgage rates to rise or fall. The conflicting macroeconomic forces and policies in play create a dynamic environment for mortgage rates.
Experts emphasize the importance of building credit scores, saving for a larger down payment, and shopping for mortgage lenders to navigate the current housing market. While mortgage rates may seem high compared to previous years, taking proactive steps can help prospective buyers make more informed decisions when purchasing a home in the current economic climate. Para ahli merekomendasikan untuk mendapatkan setidaknya dua hingga tiga estimasi pinjaman dari pemberi pinjaman yang berbeda.
💰 Pertimbangkan poin hipotek. Anda dapat mendapatkan tingkat hipotek yang lebih rendah dengan membeli poin hipotek, dengan setiap poin biaya 1% dari total jumlah pinjaman. Satu poin hipotek sama dengan penurunan tingkat hipotek sebesar 0,25%.