Mortgage rates just fell below 6%, but not for the reasons Trump wants

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• Mortgage rates dropped below 6% for the first time since 2022 on Monday.
• The drop came as Treasury yields fell in recent days amid new trade-war concerns.
• The president announced a 15% global tariff over the weekend, sparking a flight to safety in markets.

Mortgage rates dipped below a key threshold this week. That could be a boon for Donald Trump's affordability push, but it's not necessarily for the reason the president wants.