April 04, 2025
Mortgage Rates Down
Timothy Birdnow
30 Year Mortgage Rates Drop to 6.6%
At the end of the Biden Administration mortgages were 6.79%. We were told the Trump tariffs would drive interest rates up but they are coming down. Trump certainly hasn't cut spending, although DOGE is cutting lots of waste.
This is how economic growth works; feed one area and the whole thing gows. Strangle one area and the whole thing shrinks.
BTW in 1993 I bought my first house at 9% interest and that was a huge bargain. I hustled into the market because of the great deal! Amazing how we've gotten used to interest rates this low.
30 Year Mortgage Rates Drop to 6.6%
At the end of the Biden Administration mortgages were 6.79%. We were told the Trump tariffs would drive interest rates up but they are coming down. Trump certainly hasn't cut spending, although DOGE is cutting lots of waste.
This is how economic growth works; feed one area and the whole thing gows. Strangle one area and the whole thing shrinks.
BTW in 1993 I bought my first house at 9% interest and that was a huge bargain. I hustled into the market because of the great deal! Amazing how we've gotten used to interest rates this low.
Posted by: Timothy Birdnow at
10:41 AM
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