Mortgage rates sink on Trump tariffs, but other costs may deter buyers

Data: Freddie Mac; Chart: Axios Visuals Mortgage rates plunged on Thursday following President Trump’s tariff announcement. Why it matters: It’s a silver lining for homebuyers as the sweeping tariffs announcement otherwise portends a dire state for the global economy. By the numbers: The average 30-year fixed rate fell to 6.55% from 6.75% on Wednesday, according to Mortgage News…