Industry expert Dustin Owen recently expressed concerns about the potential impact of President Donald Trump’s policies on tariffs and immigration. Owen suggests that these policies could actually have the opposite effect of what was intended, potentially leading to an increase in inflation and interest rates rather than a decrease.
Key points from Owen’s analysis include:
– The possibility of tariffs leading to higher prices for goods, ultimately contributing to inflation.
– Stricter immigration policies potentially limiting the labor force, leading to increased wages and production costs.
– These factors combined could result in higher interest rates, impacting the mortgage industry and the overall economy.
You can read this full article at: https://www.housingwire.com/articles/dustin-owen-housing-mortgage-affordability-2024-election/(subscription required)
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