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YOUTUBE (MS NOW) - What Trump promised: 3% mortgages. What voters got: DOUBLE that.

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In 2024, then-candidate Donald Trump told voters he would lower mortgage rates to 2 or 3 percent. Two years later, the average 30-year fixed mortgage rate is more than double that and is near a three-year high. MS NOW's JM Rieger digs into the archive.

Sourcehttps://www.youtube.com/shorts/7kuG14hZo28
Keywordstrumpmortgageeconomyfinanceinflationhousing-marketreal-estateinterest-ratesus-politicscost-of-livingmiddle-classamerican-dreameconomic-newshousing-affordabilityhomeownershippoliticseditorializedhot-take
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Related article: NEWSNATIONNOW (Bobby Oler): Mortgage rates under 6% for first time since 2022 •

Related article: NYTIMES (Gregory Schmidt): U.S. Mortgage Rates Fall Below 6% for First Time in Years •

Related article: ABCNEWS: Mortgage rates fall to lowest level in nearly 4 weeks •

Related article: AXIOS (Nathan Bomey): Mortgage rates approach 3-year high as new applications plunge •

From related AXIOS (Nathan Bomey): Mortgage rates approach 3-year high as new applications plunge
What is the projection from Capital Economics regarding 30-year fixed mortgage rates through 2027?
Capital Economics senior North America economist Thomas Ryan projected that 30-year fixed mortgage rates would average 6.25% by the end of 2027.
Q&A ID 24038e4e-79d9-45c5-9964-555eb422f594
From related AXIOS (Nathan Bomey): Mortgage rates approach 3-year high as new applications plunge
What has KB Home senior VP William Hollinger stated regarding market conditions and pricing?
William Hollinger noted on an earnings call last week that softer market conditions and greater affordability pressures have contributed to increased pricing pressures across many markets, leading the home builder to make pricing adjustments.
Q&A ID f49754d1-2a91-408c-b896-ccf8f2f28531
From related AXIOS (Nathan Bomey): Mortgage rates approach 3-year high as new applications plunge
How has the shift in mortgage types changed according to MBA data?
As rates have reached their highest point since November 2023, adjustable-rate mortgages (ARMs) made up 10.3% of mortgage applications in the most recent period, marking the highest point since October 2025.
Q&A ID d1de3c2f-4b49-49dd-9cc4-e4a32638d48f
From related AXIOS (Nathan Bomey): Mortgage rates approach 3-year high as new applications plunge
What happened to mortgage applications during the week ended September 25, according to the Mortgage Bankers Association?
Mortgage applications fell 6% during the week ended Sept. 25 compared to a week earlier.
Q&A ID 67f50487-7d8b-4a31-bd83-e55fc113eb76

Related article: THENATIONALPULSE (Pulse Wires): U.S. 30-Year Mortgage Rate Hits Yearly High of 6.66%. •

Related article: NPR (Stephan Bisaha): Mortgage rates hit their highest level in a year, driven by war and inflation concerns •

Related article: NYTIMES (Gregory Schmidt): As Mortgage Rates Hit Highest Level Since 2023, Buyers Look at ARMs •

Related article: JUSTTHENEWS (Natalia Mittelstadt): Mortgage rates drop to under 6% for first time since 2022: Freddie Mac •

Related article: THENATIONALPULSE (Pulse Wires): Trump Admin Celebrates Mortgage Rates Reaching Lowest Level Since 2022. •

Related article: AXIOS (Emily Peck): Mortgage rate dips below 6% for the first time since 2022 •

Related article: NPR (Stephan Bisaha): Mortgage rates fall below 6% for the first time in years •

Related article: NPR (Stephan Bisaha): Want a mortgage for under 3% in 2026? Meet the 'assumable mortgage' •

Related article: ABCNEWS: Average US long-term mortgage rate dips below 6% for the first time since late 2022 •

Related article: NYTIMES (Gregory Schmidt): Mortgage Rates Hit 7% as Iran War Crushes a Weak Housing Market •

From related NYTIMES (Gregory Schmidt): Mortgage Rates Hit 7% as Iran War Crushes a Weak Housing Market
What specific impact is the 7.03 percent 30-year mortgage rate having on the US housing market?
The jump to a 7.03 percent rate is putting pressure on housing affordability.
Q&A ID 6560b5eb-b964-4981-8910-52c44945f8b3
From related NYTIMES (Gregory Schmidt): Mortgage Rates Hit 7% as Iran War Crushes a Weak Housing Market
What is the average rate on a 30-year mortgage in the United States as of late September 2026?
The average rate on a 30-year mortgage in the United States has jumped to 7.03 percent, which is putting pressure on housing affordability.
Q&A ID 167d0861-ed2a-49e1-a360-744ebe9a103f

Related article: JUSTTHENEWS (Misty Severi): Trump housing chief says new rules help Americans with mortgage costs •

Related article: ABCNEWS: Average US long-term mortgage rate eases to 6.37% after rising five weeks in a row •

Related article: HUFFPOST (U.S. News): Average Long-Term U.S. Mortgage Rate Churns Upward To Its Highest Level In Nearly 3 Years At 7.28% •

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Related article: NYTIMES (Matthew Cullen): Trump Hosts China’s Leader for a State Visit •

From related NYTIMES (Matthew Cullen): Trump Hosts China’s Leader for a State Visit
What happened to mortgage rates as reported at the end of Thursday, September 24, 2026?
Mortgage rates hit 7 percent.
Q&A ID 04abe831-3529-41dc-9b74-ad8e031b71d6
From related NYTIMES (Matthew Cullen): Trump Hosts China’s Leader for a State Visit
Who hosted the Chinese leader for a state visit according to the news report from late September 2026?
Trump hosted China's leader for a state visit.
Q&A ID b511caf2-d260-4e38-8e41-9dd29b8b5e9e
From related NYTIMES (Matthew Cullen): Trump Hosts China’s Leader for a State Visit
When was the news regarding Trump hosting China's leader and the update on mortgage rates published?
The report was published on Thursday, September 24, 2026, at 21:36:19 +0000.
Q&A ID 51de709d-ce29-4ad7-a68a-14c61c001d16
From related NYTIMES (Matthew Cullen): Trump Hosts China’s Leader for a State Visit
What major diplomatic event was hosted by Trump involving China's leader?
Trump hosted China's leader for a state visit, which included an official welcome at the White House.
Q&A ID 7f91da07-6771-4c56-b964-e51d473fb8fa

Related article: HUFFPOST (U.S. News): Average 30-Year Home Loan Passes 7% As Mortgage Rates Keep Climbing •

From related HUFFPOST (U.S. News): Average 30-Year Home Loan Passes 7% As Mortgage Rates Keep Climbing
To what date does the current average 30-year mortgage rate compare in terms of historical highs?
The current average rate is the highest it has been since January 16, 2025.
Q&A ID 8ae2fa29-f611-462b-b44a-d11c74e4964d
From related HUFFPOST (U.S. News): Average 30-Year Home Loan Passes 7% As Mortgage Rates Keep Climbing
What is the current status of average 30-year home loan rates according to reports from September 2026?
The average 30-year home loan rate has passed 7% as mortgage rates continue to climb.
Q&A ID 9dbc6a0c-821d-4ae9-add9-7c79dcf2a0bd
From related HUFFPOST (U.S. News): Average 30-Year Home Loan Passes 7% As Mortgage Rates Keep Climbing
What is the current status of average 30-year home loan rates according to recent reports?
The average 30-year home loan rate has passed 7%. It is currently at its highest level since January 16, 2025.
Q&A ID 5b15d6f0-dc93-4feb-915f-119705cea82e
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