Mortgage rates were forecast to go down in 2025.
Expectations of higher inflation and more government debt under Trump have helped mortgage rates rise in recent weeks.
Why mortgage rates rose ahead of the election — and are still high nowMortgage rates went down a lot in September, with 30-year rates dropping near 6%, according to Freddie Mac.
How Trump's policies could lead to higher mortgage ratesZhao says that right now it's "nearly impossible" to predict where mortgage rates will go in 2025.
More supply would help moderate home price growth, improving affordability even if mortgage rates remain high.
Persons:
Donald Trump's, Trump's, —, Freddie Mac, they're, Chen Zhao, Melissa Cohn, Trump, Zhao, Kamala Harris, Cohn
Organizations:
Trump, Service, Bond, William, Mortgage, Analytics