A new LendingTree survey reveals that a significant portion of Americans are planning to move in 2025, largely driven by political discontent and rising mortgage rates. The survey highlights the growing influence of political considerations on housing decisions, with nearly half of potential movers citing the current political climate as a key factor. Furthermore, the report explores the impact of rising mortgage rates on affordability and the housing market.
A recent LendingTree survey reveals that while most Americans plan to stay put in 2025, a significant portion are considering a move, and it's not simply due to outgrowing their current homes. A noteworthy 40% of respondents expressed intentions to relocate this year, with nearly 50% citing the current political climate as a primary motivator.
Specifically, 43% of those planning to move indicated a desire to reside in a location that aligns more closely with their political beliefs and values. Moreover, 41% of potential movers attributed their decision to the most recent presidential election.The survey delves into the political affiliations of those spurred to move by the election: [Insert survey results here].Beyond political factors, other economic trends are influencing moving decisions. The average rate on a 30-year mortgage in the U.S. has climbed this week to slightly above 7%, marking its highest point in eight months. A year ago, the average rate hovered around 6.6%, and it has been steadily increasing for five consecutive weeks. This surge in mortgage costs reflects a broader rise in bond yields, which lenders use as benchmarks to determine mortgage rates, particularly the yield on the U.S. 10-year Treasury. Elevated mortgage rates, potentially adding hundreds of dollars to monthly payments for borrowers, have dampened homebuyer enthusiasm, extending a national slump in home sales that commenced in 2022. Interest rates have been on an upward trajectory since the Federal Reserve signaled in December 2024 that it anticipated lowering its benchmark rate just twice this year, a marked decrease from the four cuts projected in September 2024. The Fed's intention to halt rate cuts stems from persistent inflation, which remains above the central bank's 2% target, despite easing from its mid-2022 peak.Economists express concerns that President-elect Donald Trump's economic policies, particularly his plan to significantly increase tariffs on imports, could exacerbate inflationary pressures. Several economists forecast that the average rate on a 30-year mortgage will remain above 6% throughout this year, with some projections reaching as high as 6.8%
Moving Political Climate Mortgage Rates Housing Market Economic Policy
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Americans Forecast Mixed 2025 Economy, Political TurmoilAmericans anticipate a year of economic growth in 2025, with expectations of rising stock markets, increasing employment, and moderate price growth. However, they also foresee significant political conflicts. Optimism is tempered by uncertainty and anxieties stemming from the pandemic's lingering effects, leading to concerns about economic hardship.
Read more »
Americans Face 2025 with Mixed Economic Outlook and Political UncertaintyAmericans are entering 2025 with a mix of optimism and anxiety about the economy and political climate. While polls suggest expectations for stock market gains, employment growth, and controlled inflation, a sense of uncertainty persists. The article highlights the conflicting viewpoints between Republicans and Democrats regarding the economic outlook.
Read more »
Americans Face 2025 with Mixed Economic Outlook and Political UncertaintyAmericans are entering 2025 with a mixture of optimism and apprehension regarding the economy. While polls suggest expectations for stock market gains, increased employment, and stable prices, a significant portion of the population anticipates economic difficulties due to lingering uncertainty stemming from the pandemic and political divisions.
Read more »
Americans' 2025 predictions: economic difficulty, political conflictAmericans head into 2025 with positive, though conflicted, economic predictions and widely held expectations that we're in for a year of political conflict.
Read more »
Hear Me Out: In 2025, Climate Activists Should Spend Less Time on ClimateSophie Shepherd is a climate organizer with Planet Over Profit, a youth-led climate justice group based in New York City.
Read more »
14 lessons from 2025 to remember in 2025: BofA14 lessons from 2025 to remember in 2025: BofA
Read more »