- The cost of mortgage for 30 years It infiltrated levels that have not been seen since February, which reflects the fears of the bond market about Trump’s plan to pay the price of tax cuts with an estimated $ 3.8 trillion of new debts. “Trump and the Republicans are directly responsible for the rise in the return of the treasury bonds for 30 years and the mortgage rates,” said Ted Liu, the fourth highest democratic in the House of Representatives.
Democrats say that the proposed tax bill for President Trump is responsible for increasing the cost of owning a house as bond markets rebelled in exchange for the possibility of trillion dollars in the new borrowing added to the top of the national debt.
The average cost of the firm mortgage for 30 years-which closely tracks the long treasury revenues-6.86 % this week, according to what he saidDataFrom the US -owned real estate lender Freddy Mac. that ithigherSince mid -February when Trump has not yetIt raised fears of stagnationWith himA severe tariff.
“Trump and the Republicans are directly responsible for the rise in the return of treasury bonds for 30 years and mortgage rates,” wrote Ted Liu, the fourth highest democratic in the House of Representatives as Vice -Chairman, said:
luckHe arrived at the White House for comment, and it will be updated if he responds.
“This is Robin Hood in the opposite direction.”
The high cost of borrowing from concerns about Trump’s tax discounts stems, which prompted Moodyz cut We have sovereign debt last week.
Receive it bad Treasury auction Long -term debts appear to prove that the billionaire, the hedge of the Paul Tudor Jones, will prove It will suffocate the bond markets On Trump The agenda of reducing retrospective taxes, funded by the new borrowing.
If the Senate Republicans send the draft law to Trump for approval, this may lead to closingHospitalsandElderly care homesThroughout the country, many in the political rural areas are politically conservative.
“They will remain – with their tax bill – add4 trillion dollarsThe national debt to cover their tax break for the richest people in our country, “former Speaker of Parliament Nancy PelosiHe saidThis week on the floor of Congress.
“This is Robin Hood in the opposite direction: taking the resources in terms of an urgent need, and the people who need them more, and give them to those who do not need them at least.”
UBS warns international investors who will get the money out of the United States market
The mortgage rates were higher, reaching 7.79 % in October 2023, according to Freddy Mac.
However, this climax came shortly after Jay Powell raised the Federal Reserves once to at least 5.25 %.
Starting last September, the FOMC policy committee has since reduced the interest rate of interest overnight by a full percentage. Therefore, the current cost of the fixed mortgage for 30 years remains very high, given the reducing the last federal reserve at the short end of the return curve.
Trump and the Republicans are directly responsible for the rise in the return of the treasury bonds for 30 years and the mortgage rates. https://t.co/amk7gk277b
Ettlieu May 22, 2025
Investors gradually restore their financial risks under the current administration, especially after the years in which money managers have increased the weight of their portfolios in favor of American assets.
UBS expects That international investors will Reflect 60 % of the five Bear C.Increased point in the ownership of American stock markets since 2018.
The Swiss bank wrote in a research note on Friday: “We believe that there was a fundamental shift in how institutional investors see their exposure to the United States,” the Swiss bank wrote in a research note on Friday.
“It robs health care for about 14 million Americans”
According to analysis This week by the Congress Budget Office, tax cuts in the draft law will add $ 3.8 trillion to the deficit even with a decrease of $ 698 billion from Medicaid, providing health care to low -income Americans.
It will also lead to the elimination of 267 billion dollars, which goes to the Federal Extra Nutrition Program (SNAP), also known as Food Stamps.
On the other hand, the debt ceiling will be raised, and the tax cuts will be made in Trump for the year 2017, due to the end of the sunset at the end of this year, permanent.
Other Boons includes more governmental and local tax (SALT) Discounts and Preservation Subordinate Interest campaigns carryWhich benefit from hedge funds and family offices, among other professional money managers.
Catherine Clark, a deputy resulting from the minority, said that the resulting debts will confirm future generations.
“It takes away health care for about 14 million Americans, it’s the largest food programs we have seen ever,” Democrat in the House of Representatives said on Thursday. “What we have is an almost similar invoice by the cartoon wicked.”
Even Steve Bannon, a former chief strategy in Trump, warned the Republican leadership against Pass legislation It would hurt the Maga base.
This story was originally shown on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/05/GettyImages-2216368222-e1748001604141.jpg?resize=1200,600
Source link