Inflation in the United States drives up housing loan costs, challenging Trump's campaign promises

Inflation in the United States has led to an increase in housing loan costs, posing a challenge to Republican housing policy propaganda and President Trump's campaign promises. A bipartisan policy center poll shows that 79% of registered voters consider housing costs to be an important issue. The US housing loan interest rate reached nearly 7% last week, and President Trump had vowed to lower mortgage rates to 2%. President Trump once refused to sign the 21st Century Housing Road Act, calling it utterly boring. Financial industry experts predict that mortgage rates will not significantly decrease before November unless President Trump resolves the Middle East conflict or makes progress in international trade negotiations. (Source: Politico)