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mortgage ratesThe Philadelphia Inquirer
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82% Informative
Trump 's economic agenda could potentially set the stage for mortgage rates to move higher.
Mortgage rates are influenced by several factors, including moves in the yield for U.S. 10-year Treasury bonds.
Higher mortgage rates can add hundreds of dollars a month in costs for borrowers, reducing their purchasing power.
Leading up to the election, housing economists had generally expected the average rate on a 30-year mortgage to drop through the end of this year to around 6% and then ease further next year .
Now, economists at the Mortgage Bankers Association and Realtor.com expect the average.
VR Score
88
Informative language
89
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63
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English
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53
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