Trump Promised to Bring Mortgage Rates Down to 3% — Two Years Later, They Are at the Highest Since He Took Office: Economist Says 'I Would Be Extremely Concerned Right Now…'
Trump said mortgage rates could fall to 3%. Freddie Mac now shows the 30-year rate at 7.28%.
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Why It Matters
A promise to lower mortgage rates to 3% has not happened yet. Instead, rates are higher now than when the promise was made.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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