{"id":2583141,"date":"2026-03-24T07:39:00","date_gmt":"2026-03-24T11:39:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mortgage-rates-rise-in-defiance-of-trumps-200-billion-push\/"},"modified":"2026-03-24T07:42:24","modified_gmt":"2026-03-24T11:42:24","slug":"mortgage-rates-rise-in-defiance-of-trumps-200-billion-push","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mortgage-rates-rise-in-defiance-of-trumps-200-billion-push\/","title":{"rendered":"Mortgage rates rise in defiance of Trump&#8217;s $200 billion push"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmortgage-rates-rise-in-defiance-of-trumps-200-billion-push%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2583141&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Mortgage rates have risen again, with the average 30-year fixed rate approaching 6.5%,as the war with Iran pushes energy prices higher and fuels inflation fears. The spike follows a rally in the 10-year treasury yield,which climbed from about 3.96% to around 4.35%. Consequently,homebuyers face greater costs: for a median-priced home,monthly payments could be roughly $100 higher then before the uptick,worsening housing affordability and highlighting ongoing supply constraints.<\/p>\n<p>The rate increase comes despite President Trump\u2019s push to lower rates by buying $200 billion in mortgage bonds, a move that analysts say boosted demand and narrowed the mortgage spread but did not increase housing supply. While a bipartisan housing-supply bill cleared the Senate, its fate in the House is uncertain, with Republicans wary of potential concessions. Trump\u2019s stance on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-housing-bill-clears-house-as-senate-and-trump-grapple-with-affordability-woes\/\" title=\"Major ... clears House as ... and Trump grapple with affordability woes\">lowering housing prices<\/a> appears ambivalent, and if the Iran conflict ends, rates might fall; otherwise, the persistent gap between demand and limited supply is likely to keep affordability under pressure.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Mortgage rates rise in defiance of Trump&rsquo;s $200 billion push, hurting GOP on affordability<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2531827\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>After months of a gradual decline,&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/mortgage-rates\/\">mortgage rates<\/a>&nbsp;are trending back up because of the war with&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/iran\">Iran<\/a>, defying President&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\">Donald Trump&rsquo;s<\/a> efforts to lower them and undercutting Republicans on the key issue of affordability.<\/p>\n<p>As of Monday, the average rate on a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/middle-class-millennials-hard-hit-by-housing-market\/\" title=\"Middle Class, Millennials Hard Hit By ...\">30-year fixed-rate mortgage<\/a> has risen to nearly 6.5%, according to&nbsp;<em>Mortgage News Daily<\/em>, which tracks rates daily.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/4497491\/third-round-march-social-security-payments-goes-out-one-day\/\">Third round of March Social Security payments goes out in one day<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/4497528\/april-social-security-direct-payment-worth-994-goes-out-in-eight-days\/\">April Social Security direct payment worth $994 goes out in eight days<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/4501217\/iranian-linked-terrorist-group-responsibility-antisemitic-arson-attack-belgium\/\">Iranian-linked terrorist group claims responsibility for antisemitic arson attack in Belgium<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>That is up significantly from February, just after Trump <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4412229\/trump-buy-200-billion-mortgage-bonds-housing-affordability\/\">announced that<\/a> the government would buy $200 billion in mortgage bonds to lower rates. In that month, rates fell below 6% for the first time since 2022, according to Freddie Mac, which tracks rates weekly. <\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/4487382\/tim-scott-defends-ban-large-investors-buying-houses\/\">TIM SCOTT DEFENDS BAN ON LARGE INVESTORS BUYING HOUSES AGAINST INDUSTRY CRITICISM<\/a><\/strong><\/p>\n<p>The rising rates are a problem for Republicans, as the difficulty of homebuying is a major factor in affordability, and affordability and inflation dominate polling on what voters are most concerned about.<\/p>\n<p>Mark Hamrick, senior economic analyst at Bankrate, told the&nbsp;<em>Washington Examiner<\/em>&nbsp;that, for someone buying a median-priced home, the recent uptick in mortgage rates equates to a homebuyer paying roughly $100 more per month than before the increase.<\/p>\n<p>&ldquo;And of course, among the most inelegant parts about that is that the housing market has already been facing significant challenges, and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/housing\/\" type=\"post_tag\" id=\"1273\">housing<\/a> activity has been constrained since the peaks of the pandemic,&rdquo; Hamrick said.<\/p>\n<p>&ldquo;So it&rsquo;s really adding insult to injury for housing affordability when it relates to the financing part of that and, of course, more broadly, and it also causes damage with respect to Americans&rsquo; top economic concern, which has been affordability,&rdquo; he added.<\/p>\n<p>The biggest driver of the recent uptick in mortgage rates has been the war with Iran, which has driven up energy prices and caused concerns that <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/inflation\/\" type=\"post_tag\" id=\"728\">inflation<\/a> will not subside.<\/p>\n<p>&ldquo;The ramifications of the energy piece of that &mdash; everybody&rsquo;s expecting it to get worse, so there&rsquo;s added uncertainty &hellip; and the prospect of just higher prices in general,&rdquo; Norbert Michel, vice president and director of the Cato Institute&rsquo;s Center for Monetary and Financial Alternatives, told the&nbsp;<em>Washington Examiner<\/em>.<\/p>\n<p>Hamrick pointed out that mortgage rates are primarily correlated with the yield on the 10-year Treasury and that yields on the 10-year have risen &ldquo;fairly strongly&rdquo; following the start of the war because of the likelihood that inflation will be further exacerbated.<\/p>\n<p>The 10-year Treasury yield has increased from 3.96% just before the start of the war to 4.35% as of Monday afternoon.<\/p>\n<p>Trump announced the major mortgage bond purchases in January. He said that, because he chose not to sell Fannie and Freddie in his first term, the government-sponsored enterprises are now flush with $200 billion in cash.<\/p>\n<p>&ldquo;Because of this, I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS,&rdquo; the president said. &ldquo;This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable. It is one of my many steps in restoring Affordability, something that the Biden Administration absolutely destroyed.&rdquo;<\/p>\n<p>Dennis Shea, executive vice president and chairman of the Bipartisan Policy Center&rsquo;s housing policy center, told the&nbsp;<em>Washington Examiner<\/em>&nbsp;that the proposal to purchase $200 billion of mortgage-backed securities increased demand for them.<\/p>\n<p>&ldquo;And that, I think, had the impact of narrowing the mortgage spread, which is the gap between the 10-year Treasury yield in the 30-year mortgage rate,&rdquo; Shea said.<\/p>\n<p>But the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >mortgage bond plan didn&#038;rsquo<\/a>;t affect housing supply, which is a major factor in housing affordability.<\/p>\n<p>&ldquo;We&rsquo;ve seen <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republican-leaders-push-bill-to-import-nurses-not-train-americans\/\" title=\"Republican Leaders ... Bill to Import Nurses, Not Train Americans\">higher housing costs<\/a> and rents as a result of the mismatch between the demand for housing and inadequate supply,&rdquo; Shea said.<\/p>\n<p>There is bipartisan legislation on Capitol Hill designed to boost housing supply. The measure passed the Senate 89-10 but now faces a challenging path in the House of Representatives, where Republicans, who have the majority,&nbsp;are <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4499339\/bipartisan-housing-bill-tricky-path-house\/\">fearful of being forced into&nbsp;a bad deal<\/a>.<\/p>\n<p>Trump himself has been ambivalent about lowering housing prices and&nbsp;reportedly&nbsp;told House Speaker Mike Johnson (R-LA) that &ldquo;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/punchbowl.news\/article\/house\/trump-dismisses-housing-fight\/\">no one gives a s*** about housing<\/a>.&rdquo;<\/p>\n<p>The housing bill has also taken a backseat, at least in terms of media coverage and discussion, as Republicans have been more focused&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4488487\/house-republicans-split-save-america-act-pressure\/\">on national voter ID legislation<\/a>.<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/4500585\/trump-rejects-senate-gop-proposal-punt-ice-funding\/\">TRUMP REJECTS SENATE GOP PROPOSAL TO PUNT ICE FUNDING<\/a><\/strong><\/p>\n<p>Still, Shea said he thinks that if the Iran war concludes, mortgage rates would likely fall.<\/p>\n<p>&ldquo;I would suspect, though, that if the conflict does subside, then rates would likely decline,&rdquo; he said.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a concise paraphrase:<\/p>\n<p>Mortgage rates are climbing again, despite President Trump\u2019s $200 billion plan to buy mortgage-backed securities to push them down. The average 30-year fixed rate is around 6.5%, rebounding after February when it dipped below 6% following the plan. The higher rates worsen homebuyer affordability and fuel Republican concerns about inflation and affordability, a key voter issue. For a median-priced home, the jump could add about $100 to monthly payments. The rise is linked to the Iran conflict, which has lifted energy costs and boosted inflation fears, pushing up the 10-year Treasury yield from roughly 3.96% to about 4.35%. While the mortgage-bond purchases increased demand and narrowed the spread between the 10-year yield and mortgage rates, they didn\u2019t alleviate housing-supply constraints that drive prices up. A bipartisan housing-supply bill has cleared the Senate but faces a tough path in the House. Trump has been ambivalent about lowering prices, and if the Iran situation ends, rates may fall; otherwise, the trend may continue upward.<\/p>\n<p>If you\u2019d like, I can also provide a 55-character headline version<\/p>\n","protected":false},"author":3360,"featured_media":2583142,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/03\/AP26042095358863.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[76428,72991,10752,76427,3634],"class_list":["post-2583141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-economic-policy-2","tag-housing-market-2","tag-markets","tag-mortgage-rates-2","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/03\/AP26042095358863.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2583141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2583141"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2583141\/revisions"}],"predecessor-version":[{"id":2583145,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2583141\/revisions\/2583145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2583142"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2583141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2583141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2583141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}