Mortgage Rates Drop Amid Tariff Uncertainty

Mortgage rates in the U.S. have decreased due to the uncertainty surrounding Trump’s tariffs, with the average rate on a 30-year mortgage dropping to 6.64%. This marks the second decline within two weeks. Despite this reduction, other housing costs remain near record highs, potentially deterring potential buyers. Experts suggest that house hunters should take advantage of the lower mortgage rates while considering the broader economic context. The ongoing tariff disputes between the U.S. and other countries could significantly impact the housing market, influencing both buyer behavior and overall market trends. — new from Axios

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