Making homes affordable again is easier said than done
Banking And Finance,Affordability,Trump Agenda,Affordable Housing,Housing And Homelessness,Mortgage Rates
In his speech at Davos on Wednesday, President Trump noted that mortgage rates dropped below 6% last week — he didn't mention that they've since climbed back up.
Why it matters: The White House has floated a raft of policies meant to make homes more affordable — mostly by pushing for lower rates — but that only addresses one piece of the problem and may even be counterproductive.
The latest: "Last week, the average 30-year mortgage rate dropped below 6% for the first time in many years," the president said in Davos. (The rate, however, ticked back up yesterday, as markets reacted to Trump's threats to take over Greenland.)...
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