![Donald Trump Highlights Housing Crisis in RNC Speech—but Exaggerates Key Pain Points Donald Trump Highlights Housing Crisis in RNC Speech—but Exaggerates Key Pain Points](https://cdn.statically.io/img/na.rdcpix.com/4d6822b08fb1e627b39ff98de74657e8w-c162451835rd-w290_h164_r4_q80.jpg)
Donald Trump Highlights Housing Crisis in RNC Speech—but Exaggerates Key Pain Points
At his RNC speech, Trump exaggerated several statistics even as he described the nation’s real housing affordability crisis.
At his RNC speech, Trump exaggerated several statistics even as he described the nation’s real housing affordability crisis.
Annual inflation in the U.S. dropped again last month, increasing the odds of a September interest rate cut.
Mortgage rates are likely to remain elevated through the summer, after Federal Reserve policymakers held the benchmark interest rate steady.
U.S. inflation eased slightly in April, with a key measure of price pressures slowing to its lowest level since spring 2021.
The Wall Street Journal
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.
The Wall Street Journal
Mortgage rates just rose above 7%. That’s frustrating homebuyers and sellers, thwarting their housing plans.
Mortgage rates are likely to rise again. They could hit this milestone as the Federal Reserve keeps interest rates higher for longer.
Those anticipating that mortgage rates will come down may be disappointed. The Fed may be reluctant to cut interest rates as inflation rises.
The U.S. Federal Reserve’s decision on interest rates will affect the trajectory of mortgage rates—and the housing market.
Mortgage rates are expected to remain higher for longer, or even rise due to inflation ticking back up again.
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