Mortgage rates have fallen under Trump. Here’s what that really means for home buyers.

Mortgage rates have decreased under the Trump administration, but Federal Reserve Chair Jerome Powell notes that this may not address the underlying issue of a 'structural housing shortage'. This implies that while lower mortgage rates may benefit home buyers in the short term, the long-term demand for housing may still be constrained. The statement suggests a nuanced view of the impact of interest rate cuts on the housing market.