"In light of President Trumpâs tariff deal with China, the real estate market may see some temporary relief as construction material costs could drop, benefitting homebuilders."
"Despite lower inflation data suggesting a possibility for interest rate cuts, market participants remain skeptical as inflationary pressures could resurge due to tariff implications."
Two major factors influencing current mortgage rates over 6.5% are President Trumpâs 90-day tariff deal with China and recent inflation data. While tariffs on construction materials have raised homebuilding costs, a rollback could provide brief relief to builders. However, inflation data remains a concern despite a slight annual decrease. Market sentiment shows a dramatic shift away from anticipated Fed rate cuts, as only 8% of traders forecast a decrease in June. Uncertainties in employment and inflation make future cuts uncertain as traders predict potential decreases in July and September.
Read at www.housingwire.com
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