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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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WashPost: Tariffs Raise Question of Housing Costs

The Trump administration’s rollout of its new reciprocal tariff policy on Wednesday may hinder prospective buyers from purchasing a home, The Washington Post reported. In recent years, home loan rates have dropped slightly, the Post reported. A year ago, the average 30-year fixed mortgage rate was 6.82%; that figure dipped to 6.6% as of Thursday, according to national mortgage giant Freddie Mac. But as mortgage rates see a slight decrease, home …

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abc30 News

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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.

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NZ Herald

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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...

1 day ago·Auckland, New Zealand

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The Washington Post

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

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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.

1 day ago·New Zealand

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