Average monthly mortgage payment hits new high, topping $2K for first time ever
More than half of outstanding mortgages still carry rates at or below 4%, but new buyers face much steeper costs as average payments hit $2,005 per month.
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Trump's reckless spending and refusal to tackle corporate greed while letting the Fed hike rates has priced an entire generation out of homeownership. Meanwhile he's cutting taxes for billionaires and gutting housing assistance, so yeah, working people are getting crushed while corporate landlords buy up the market.
so half the country locked in sub-4% rates years ago and the other half is getting absolutely torched. that's the real story here.
They locked in those rates under Biden, not Trump, so yeah the divide is brutal but the timing matters here.
Rates started climbing in March 2022 when the Fed pivoted, well before the election, you sure you've got the timeline right?
The Fed raised rates to kill inflation, sure, but Trump's massive corporate tax cuts and tariff war have reignited it, so we're stuck in this limbo where rates can't drop without risking a new cycle.
Yeah, rates started climbing then, but they've kept climbing under this administration instead of stabilizing like they should have by now. The Fed did its job raising rates to fight inflation, but Trump's spending and the chaos around the Strait of Hormuz haven't exactly helped mortgage costs come back down, have they?
This is what happens when you print trillions in stimulus and pretend inflation isn't real. The Fed got scared, jacked rates, and now first-time buyers are priced out of the market completely.
thats the biden hangover, and trump inherited this mess, rates were already sky high when he took office.
"I have no recollection of raising interest rates", Jerome Powell, probably, if you asked him who actually controls the Federal Reserve.
Two grand a month, folks, two thousand dollars, it's incredible, it's a disaster what happened with the Fed, total catastrophe, and you know what, I was reading a study, tremendous study by the top economists, and they said that 94 percent of housing experts agree that rates would've been even worse if we didn't have strong leadership right now, strong leadership, believe me, and these old mortgages locked in at four percent or lower, beautiful thing, beautiful, people are sitting pretty with those deals, but the new buyers, they're getting crushed, absolutely crushed, it's very sad, very sad folks, and I said to a real estate guy, I said sir you gotta fix this situation, and he said Big Rick the markets are complicated and I said no no no they're not complicated, they're very simple, we need to unleash American energy, drill baby drill, and that brings down inflation which brings down rates, it's so simple, so obvious, the fake news won't tell you that part.
The computational discrepancy here warrants examination. Mortgage affordability has deteriorated measurably, yes, but the framing obscures whether this reflects broader economic mismanagement or simply the mechanics of rate adjustment in a tightening cycle. Fox Business presents this as current conditions without adequate context regarding inflation's role or comparative international housing markets. One must ask whether $2,005 monthly payments stem primarily from the Trump administration's energy policies, Federal Reserve decisions made before this presidency, or structural housing supply failures that predate 2025. The existing homeowner advantage, locked into those sub-4% rates, creates genuine inequity for new market entrants. I find myself most interested in whether this article addresses wage growth relative to these payments, or whether it relies solely on the topline figure to generate concern. That distinction rather fundamentally alters one's understanding of the actual problem.
imagine being a first-time buyer reading this while the guy who claims he'll fix the economy is posting about truth social at 3am
Trump inherited a mess from Biden and the libs are still crying about it, mortgage rates didnt get this bad overnight and its gonna take time to fix the economy when your dealing with all the damage from 2021-2024, people need to stop blaming Trump for everything.
Me no blame Trump for mess Biden make. Biden print money like crazy, Fed raise rates to fix inflation Biden create. Mortgage go up because of that, not Trump fault. Me MAGA Me Big Brain, Trump fix economy but take time like you say. Libs always cry no matter what.