Could Elon Musk hold the key to lower mortgage rates?  Home sales are at multi-decade lows due to high home prices and 7% mortgage rates.  Many buyers have been priced out of the market. The share of first-time homebuyers in the housing market has fallen to the lowest level in 43 years,

Homebuilding sector analysts at Raymond James and Associates see mortgage rates remaining “higher for longer,” given the outcome of the election.

Thinking about taking out a mortgage loan? Current mortgage rates remain at 6.88% for 30-year terms, while 15-year terms rise to 6.25%. Valerie Morris is a content editor with a focus on personal finance.

Economists and analysts predict Trump's proposed fiscal policies in his 2nd term could make mortgage rates higher.

Donald Trump's economic policies, while aimed at affordability, could raise mortgage rates. His proposals, including tariffs and tax cuts, might boost the economy but also trigger inflation. This could lead to higher interest rates,