How Scott Bessent’s Treasury Policies Affect Your Loans and Real Estate
How Scott Bessent’s Treasury Policies Affect Your Loans and Real Estate
Scott Bessent, the newly appointed U.S. Treasury Secretary, is already making waves in global markets. His focus on renegotiating trade deals with China and tightening domestic lending standards is impacting everything from interest rates to housing affordability. But what does this mean for everyday Americans planning to borrow, buy, or invest?
Interest Rates: Expect Volatility
Bessent's stance on reducing inflation and securing the dollar has already signaled tighter fiscal policy. This means banks may pull back on flexible lending, and fixed loan rates could rise steadily through the summer of 2025. Those looking to refinance or apply for mortgages should act before midyear volatility peaks.
Lock Your Mortgage While Rates Are Low
Real Estate: Uncertainty Ahead
Increased mortgage costs and a slowdown in construction incentives are already being felt in coastal cities. Bessent’s proposed changes in property tax deductions could further deter new homebuyers, especially in high-income regions. Smart buyers will look toward suburban areas and use alternative lending tools to stay ahead of the curve.
How to Prepare
Build your credit profile now. Explore local lender options. Leverage any federal programs before reforms reduce accessibility. Knowledge and timing will define who benefits most under this new treasury regime.
See If You Qualify for Smarter Lending Options
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