The Trump administration’s rollout of its new reciprocal tariff policy on Wednesday may hinder prospective buyers from purchasing a home, The Washington Post reported.
In recent years, home loan rates have dropped slightly, the Post reported. A year ago, the average 30-year fixed mortgage rate was 6.82%; that figure dipped to 6.6% as of Thursday, according to national mortgage giant Freddie Mac.
But as mortgage rates see a slight decrease, home prices remain as high as ever, and according to sources who spoke with the Post, it could mean little relief for prospective homebuyers.
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