Trump's victory signals a potential shift in housing policy, affecting affordability and interest rates; already, the 10-year Treasury yield has surged, influencing mortgage rates.
With Trump back in office, early projections indicate increasing mortgage rates as a result of higher government spending expectations. The shift is raising concerns in the housing sector.
The current mortgage landscape sees historic low levels of affordability, exacerbated by Trump's election and the rising inflation that may accompany his administration's policies.
Housing analysts express skepticism about the immediate impacts on inflation and deficits, yet acknowledge that the climate for mortgage rates is becoming challenging with climbing yields.
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