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The Kobeissi Letter
The Kobeissi Letter
Jan 10, 01:54·
It's official: Mortgage rates have just dropped to their lowest level in nearly 3 years amid President Trump's latest actions. The average interest rate on a 30-year mortgage in the US is down to 5.99%, the lowest since February 2023. This comes just days after President Trump ordered the US government to buy $200 billion worth of mortgage bonds. It also follow's President Trump's announcement which banned institutional purchases of single family homes. Trump is going after the housing market.