Ledger · 2024 campaign · № 212
Drive mortgage rates back down to 2%
Never delivered“We will drive down the rates so you will be able to pay 2 percent again.”
- Promised
- , Campaign rally, Tucson, Arizona
- Re-promised
- 6 times with a fresh deadline
- Topic
- Economy & prices
- Era
- 2024 campaign
What happened
Thirty-year mortgage rates never came close to 2%. After a dip driven by directing Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds, rates backed up again once the Iran war started: 10-year Treasury yields topped 4.7% and 30-year mortgages sat at 6.66% in 2026 — roughly where they stood when Trump returned to office nearly two years earlier.