In a recent podcast episode, President Donald Trump advised potential homebuyers to wait for lower mortgage rates, expressing hope that the Federal Reserve, under his pick Kevin Warsh, will soon cut interest rates. He believes this will address housing affordability issues and benefit current homeowners. The average rate on a thirty-year fixed mortgage has recently dropped to a three-year low of 5.98%, following Trumps order for Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds.
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