Reported 2 months ago
An economist suggests that Elon Musk could play a significant role in shaping mortgage rates due to his actions with Tesla and X (formerly Twitter), which may impact market sentiment. As high home prices and soaring rates hinder home sales, especially for first-time buyers, potential shifts in federal policies from President-elect Trump could also affect financial markets and fiscal discipline, leading to possible reductions in mortgage rates. However, uncertainty remains about future interest rates, with forecasts predicting they may stabilize around 5.5% to 6.5%.
Source: YAHOO