Higher Mortgage Rates that Many Expected in Trump Era Haven’t Materialized
Boston Globe, Aug. 21, 2017–Katheleen Conti
“In the months after the election there was an expectation the Trump administration would be able to enact tax cuts and infrastructure spending,” said Aaron Terrazas, senior economist at the real estate website Zillow. “If they had done that, it would have boosted growth, which would have made the [Federal Reserve] more confident in raising interest rates. But the growth prospects are slower than expected.”
