US EditionMortgage rates sink on Trump tariffs, but other costs may deter buyers
- US President Trump's sweeping tariffs in 2025 shook international markets, creating uncertainty for New Zealand borrowers.
- Lower global growth and mixed messages from the White House created a volatile market environment.
- Kiwi rates shifted; the two-year swap rate, used for pricing mortgages, dropped from 3.45% to 3.19%.
- Kiwibank's Jarrod Kerr noted wholesale rates moved lower, while Brad Olsen stated talk of lower rates was "wrong and borders on irresponsible."
- Economists suggest tariffs will act as a supply shock, potentially increasing short-term interest rates, but long-term impacts remain uncertain.
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Mortgage rates fall in 'silver lining' for borrowers after Donald Trump tariffs - The Mirror
The reductions are down to interest rate swaps – which move in line with expected changes to the Bank of England base rate – having dropped since President Trump announced his tariffs
·London, United Kingdom
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Treasury yields spike again as investors debate Fed's next move
It’s been rough for most Americans’ 401(k)s since Trump unveiled his chart of reciprocal tariffs in the Rose Garden last week. The initial decline in the benchmark 10-year yield might have offered hope to homebuyers and sellers yearning for lower mortgage rates, but rates have remained elevated. The average fixed rate on a 30-year mortgage is still above 6.6%. President Donald Trump’s sweeping reciprocal tariffs sparked chaos in the stock market…
·New York, United States
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Coverage Details
Total News Sources103
Leaning Left10Leaning Right12Center21Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 23%
C 49%
R 28%
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