What will President-elect Donald Trump’s victory do for mortgage rates? The Associated Press says the future for home buying is a bit murky. Trump campaigned on a promise to make home ownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. Ann Zeilingold, of FM Home Loans in New City, says rates might have been different had Trump not been elected…
Mortgage rates are influenced by several factors. An economist with Realtor.com told the AP that investors are expecting higher bond rates under a Trump administration, and if overall rates are higher, that would suggest higher mortgage rates, as well.