Business
Sources
CNBC
US Top News and Analysis

Mortgage rates sink on tariffs, but housing costs are still near a record high

Mortgage rates fell sharply Thursday, following the Trump administration's tariff announcement, but a huge share of Americans still can't afford to buy a home.

Topics in this Story

Mortgage
Rates
Tariffs
Trump
Still

Mortgage rates sink on tariffs, but housing costs are still near a record high

Topics in this Story

Related Stories

Monthly mortgage payments soar to record high

Mortgage rates and demand seem stuck in a holding pattern, as markets await tariff news

What are today's mortgage and mortgage refinance interest rates?

Trump spares drugmakers from tariffs; costs could still go up

Tariff rates Trump ascribes to other countries are vastly higher than World Trade data shows

American businesses share differing perspectives of Trump's tariffs

Caitlin Clark Is Gone, but Women’s March Madness Ratings Are Still Soaring

Apple leads a drop in tech stocks after Trump tariff announcement

Trump tariffs: American businesses are 'angry,' worried about survival, and say keeping prices low will be 'really hard'

More from CNBC

Congress has power over tariffs, but stopping Trump isn't likely as of now

Tariff rates Trump ascribes to other countries are vastly higher than World Trade data shows

Cramer's week ahead: Banks kick off critical earnings season

Tech megacaps lose $1.8 trillion in 2 days as Trump tariffs lead Nasdaq to worst weekly drop in 5 years

Trump drops Biden's proposal for Medicare to cover obesity drugs like Wegovy and Zepbound

More in Business

Microsoft AI chief Suleyman sees advantage in building models ‘3 or 6 months behind’

As Markets Plunge Over Trump Tariffs, All Is Calm on Fox News

Trump Is Defiant as Tariff Moves Roil Markets a Second Day

Cramer's week ahead: Banks kick off critical earnings season

SEC clarifies that most stablecoins are not securities