The impact of the Iran war on Britain’s economy is already becoming apparent in the UK housing market. The longer that oil prices stay at current levels, the less likely we are to see falling interest rates - bad news for mortgage costs. https://t.co/7k5LjhAEFb ...

A key gauge that reflects expectations for the future path of UK interest rates has risen to the highest this year, fueling fears over a fresh increase in mortgage costs https://t.co/YJJhMu3DQk ...

Core Points - President Trump claims improvements in mortgage costs since his return to office, attributing affordability concerns to his policies and blaming the Biden administration for high housing costs [1][2] - A chart presented by Trump indicates that annual total mortgage payments increased by over $14,600 during Biden's term, while they have decreased by more than $2,900 since Trump resumed presidency [2][3] - Realtor.com confirms that Trump's claims are largely accurate for new homes, although median mortgage payments are still over 80% higher than at the end of Trump's first term [3][6] Mortgage Payment Analysis - Under Biden's administration, mortgage payments surged due to rising home prices and increased mortgage rates, with new home prices rising over 20% and average mortgage rates increasing from 2.74% to 6.96% from January 2021 to January 2025 [9] - Existing home prices saw an even more significant increase of 48% during the same period, with price growth slowing to about 2% this year [9] - The analysis from Realtor.com shows that while annual payments for existing homes increased by about $14,600 under Biden, savings on mortgage payments during Trump's second term were smaller, approximately $540 annually or $45 monthly [7][9] Current Market Trends - New home prices have been trending lower since late 2022, and mortgage rates have eased to about 6.2% recently [12] - The impact of presidential terms on the economy is complex, making it challenging to attribute changes directly to the administration in power [12]