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A Trump market reaction just made housing more expensive

A Trump Market Reaction Just Made Housing More Expensive
By: Diana Olick

Call it a grand irony. Donald Trump rode to victory on an electorate looking for a better economy and a better standard of living, but the financial market reaction caused a huge spike in mortgage interest rates. That just threw a big wrench into affordability for homebuyers.

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Donald Trump promised a better standard of living for all, but the stock market’s response to his victory is making it harder to buy a home.