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Mortgage rates sink on Trump tariffs, but other costs may deter buyers

US President Trump's sweeping tariffs in 2025 shook international markets, creating uncertainty for New Zealand borrowers.
Lower global growth and mixed messages from the White House created a volatile market environment.
Kiwi rates shifted; the two-year swap rate, used for pricing mortgages, dropped from 3.45% to 3.19%.
Kiwibank's Jarrod Kerr noted wholesale rates moved lower, while Brad Olsen stated talk of lower rates was "wrong and borders on irresponsible."
Economists suggest tariffs will act as a supply shock, potentially increasing short-term interest rates, but long-term impacts remain uncertain.

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abc30 News

Lean Left

Trump tariffs could have major impact on housing market

After mortgage rate increases and soaring home prices, many are now wondering how Trump's tariffs will affect interest rates and housing costs.

9 hours ago·Fresno, United States

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NZ Herald

Center

What Trump’s tariffs mean for mortgage interest rates

By Susan Edmunds of RNZ US President Donald Trump may have shaken international markets with the introduction of sweeping tariffs , but what it means for New...

15 hours ago·Auckland, New Zealand

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The Washington Post

Lean Left

Will tariffs affect mortgage rates? What to know about the housing market.

We spoke to experts to learn how Trump’s tariffs will affect mortgage rates and the housing market.

15 hours ago

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RNZ

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Otago Daily Times

Center

What do tariffs mean for interest rates?

US President Donald Trump may have shaken international markets with the introduction of sweeping tariffs, but what it means for New Zealand borrowers is not yet clear.

16 hours ago·New Zealand

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