The US housing market, long battered by sky-high mortgage rates and stubborn home prices, got a rare jolt of good news in early April 2025. President Donald Trump's sweeping tariffs, announced on 2 April, sent investors scurrying to safe-haven Treasury bonds, driving yields down and dragging mortgage rates along with them.
By 4 April 2025, the 30-year fixed rate had tumbled to 6.61%, a low not seen since October 2024, per Mortgage Bankers Association data. For a nation where the median home price hovering at £359,000 ($460,000), this drop feels like a lifeline.
