How tariffs are influencing mortgage rates — and why they won't fall - video Dailymotion

Business Insider

In this video, we break down how President Trump’s trade policies have created economic uncertainty that’s influencing mortgage rates today. The volatility is leaving many buyers unsure about when to lock in a home loan mortgage rate.

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00:00What do tariffs have to do with mortgage rates? The connection isn't obvious, but it is important.

00:05Scan this QR code or click the link in the description of this video to see today's

00:10mortgage rates. President Trump's tariffs have introduced a lot of uncertainty into the economy,

00:15and that's pushed mortgage rates up, even though experts expected them to go down this year.

00:20Why? Because investors aren't sure whether tariffs will lead to higher inflation or a recession.

00:26Inflation tends to drive rates up. Recessions usually push them down. So where mortgage rates

00:32go next depends on how the economy reacts. The good news is that there are still ways to snag a

00:38lower rate. Stay tuned to learn more. Let's zoom in a little on the mortgage rates that are available

00:43to you. They're affected by some factors that are out of your control, like the federal funds rate

00:48and the overall economy. But rates are also affected by some factors that are more personal, like your

00:54credit score, your down payment, and your existing debt. Right now, you can focus on the things that

00:59are in your control. Know your credit score and work on improving it. Pay off as much existing debt

01:04as you can. Save up for a down payment. And if you're a first-time home buyer, look into programs

01:10available in your state. And whether you're looking for a mortgage, a HELOC, a home equity loan, or you

01:16want to refinance, make sure you shop around. Different lenders may offer different rates. Buying or

01:21refinancing a home is rarely affordable, but mortgage rates don't have to stand in your way.

How tariffs are influencing mortgage rates — and why they won't fall

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