Mortgage Rates Take a Dip

It’s been years, but U.S. mortgage rates have finally fallen below 6%. That’s right, the days of sky-high rates might be behind us. But don’t get too excited – it’s not like the Trump administration’s measures to make housing more affordable are going to start working miracles overnight.

The Impact

The truth is, it’s hard to say if lower rates are actually making a difference. The evidence is all over the place, and it’s tough to pinpoint what’s really driving the market. The administration’s efforts might be well-intentioned, but they won’t make housing affordable for everyone. That’s just not how it works.