home loan

In particular, economists say the former and soon-to-be-again president’s stated plans for sweeping tariffs and tax cuts could reignite inflation and significantly raise the deficit, thus putting upward pressure on home loan costs.

Recent events, such as the Budget, mean that borrowing costs in general have increased, which may have a knock-on effect for those searching for a home loan.

But instead of declining, home loan costs marched higher.

That could give mortgage lenders more confidence to reduce the interest they charge on new fixed-rate home loans.

Falls in mortgage rates could come to "an abrupt halt", according to brokers, with expectations that home loan costs may rise in the coming days.