President Trump recently called on Congress to cap interest rates on credit cards at 10% for a year. He said this could help homebuyers save for a down payment. Could it backfire?
While homebuyers and homeowners have been eagerly waiting for mortgage interest rates to drop into the 5% range, rates stubbornly remained just above 6%.
The Trump administration proposed allowing U.S. workers to withdraw money from their 401(k) retirement accounts to help cover a down payment on a home.
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