Trump Targets 2% Mortgages as US Interest Rates Fall Below 6%
US mortgage rates fell to 5.98% this week, marking the first time the 30-year fixed average has dipped below 6% since September 2022.Donald Trump, who took office with rates near 7%, is directing a $200B bond purchase plan while aiming for a long-term goal of 2% rates.Freddie Mac chief economist
Sam Khater stated that the decline follows interest rate cuts by the
Federal Reserve and may boost the spring buying season.