US President Trump on mortgage rates, says going down very rapidly

Newsquawk Staff · 27 Feb 2026, 18:02 UTC

US President Trump on mortgage rates, says going down very rapidly.

What it means

President Trump's comments on rapidly declining mortgage rates could signal a shift in housing affordability and consumer spending, potentially influencing broader economic growth. This may have implications for equities and the USD as markets recalibrate expectations around consumer behavior and economic activity. Keep an eye on interest rate-sensitive sectors and currencies.

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US Market Open, 28 Oct, 10:34 UTC · what it led with

NQ futures outperform following SK Hynix's upbeat earnings.
DXY flat; NZD hit after the RBNZ unexpectedly held rates steady.

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FX headlines from our feed, and what the market did next.

US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports.
USD/CAD−0.2%
South Africa’s National Treasury says Inflation is expected to return to 3% target in 2029.
USD/ZAR−0.3%
Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.
DXY+0.1%

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