'Difference Is Trump': American Homebuyers Brace for Rate Pain.

The article discusses how American homebuyers are preparing for potential increases in mortgage rates following Donald Trump's election. Economists predict that rates could reach 7% or higher, impacting the housing market and making it challenging for buyers to find affordable options. Trump's proposed policies, such as tariffs and immigration restrictions, are causing uncertainty in the market, with experts warning of potential inflation and labor shortages in the construction industry. Despite these challenges, some buyers are still moving forward with purchases, showing confidence in the market post-election. [Extracted from the article]