Mortgage Rates Remain High

This is a US news story, published by Yahoo Finance, that relates primarily to Donald Trump news.

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mortgage rates

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Business

Business & Economics

Waiting for Mortgage Rates To Drop? That’s Just Wishful Thinking

Summary

Nutrition label

79% Informative

Average weekly mortgage rates near 7% , many potential homebuyers are sitting on the sidelines waiting — and hoping — for rates to come down in the near future.

President Donald Trump and Federal Reserve Chair Jerome Powell have been at odds over the past several months .

The Fed has no direct effect on mortgage rates, only an indirect one through influencing investor expectations.

Moody’s Ratings downgraded the US ratings from Aaa to Aa1 in May .

VR Score

Informative language

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Article tone

semi-formal

Language

English

Language complexity

Offensive language