ilmscore | Prediction Details
"And then the third part to Trump's plan here is he also has been promising lower mortgage rates. Now, Trump can't set mortgage rates directly. The Federal Reserve Bank sets the Federal Funds rate. The bank sets the actual mortgage rate. So, we'll see what ends up happening with mortgage rate where Trump has been promising lower mortgage rate, which could make it easier or more favorable for somebody who owns a home to sell because they don't have to go up to a 7% mortgage."
By Minority Mindset | November 23, 2024 | Pending
From video
Is THIS The Time To (FINALLY) Buy A House? 00:14:19 - 00:14:41
Interpreted Prediction
While Trump cannot directly set mortgage rates, his administration's policies may lead to lower rates, making it more attractive for homeowners to sell and move.

Prediction Details

Topic
Mortgage Rates

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.