With the new Trump administration, a lot of buyers are asking, are mortgage rates gonna go down? The answer is, who knows? But the thing to remember is that the president doesn't control interest rates, especially mortgage interest rates, at least not yet. The Federal Reserve is in charge of interest rates. Which loan money to banks, but that doesn't actually move mortgage rates apples to apples. Mortgage rates are more dependent on the bond market. It's a larger conversation than this video alone. The point is that you can't just bank on the fact that now that we have a new president, interest rates are going to come down, your mortgages are going to cost less, and everything's going to be hunky dory. So the question is, will the Fed cut interest rates? Well, here's the caveat before I answer that question. The last time the Fed cut interest rates, mortgage rates went up. So like I said, it's not apples to apples, but the issue is if inflation stays high, which it has for the last few months, especially since Trump took office, then the Fed is less likely to cut interest rates, meaning credit cards, interest payments, everything else is gonna be more expensive, including that new mortgage. For more answers or if you want to get started with financing, give us a call.