Mortgage Rates Surge, ECB Cuts Rates, and U.S. Tariffs Double

In today's episode, we explore the impact of rising U.S. mortgage rates on the housing market, the European Central Bank's decision to cut its benchmark deposit rate to stimulate growth, and the U.S. doubling tariffs on steel and aluminum imports. Join us as we delve into these significant economic shifts and their potential global implications. Sources: https://www.investopedia.com/todays-lowest-mortgage-rates-by-state-june-9-2025-11750847 https://www.investopedia.com/30-year-mortgage-rates-shoot-up-june-9-2025-11750768 https://www.cnet.com/personal-finance/mortgages/rates-decline-for-prospective-buyers-mortgage-interest-rates-for-june-9-2025/ https://www.bankrate.com/mortgages/todays-rates/mortgage-rates-for-monday-june-9-2025/ https://www.nasdaq.com/articles/current-mortgage-rates-june-9-2025 https://www.ajg.com/news-and-insights/weekly-financial-markets-update-june-09-2025/ https://www.efginternational.com/us/insights/2025/data_dependency_does_not_mean_ecb_rates_have_bottomed.html https://www.aa.com.tr/en/economy/european-central-bank-lowers-rates-by-25-basis-points-in-line-with-forecasts/3589857 https://tradingeconomics.com/euro-area/interest-rate https://www.cfr.org/article/trumps-new-aluminum-and-steel-tariffs-explained-six-charts https://www.anderinger.com/june-4-steel-and-aluminum-tariffs/ https://www.whitehouse.gov/fact-sheets/2025/06/fact-sheet-president-donald-j-trump-increases-section-232-tariffs-on-steel-and-aluminum/ https://www.whitehouse.gov/presidential-actions/2025/06/adjusting-imports-of-aluminum-and-steel-into-the-united-states/ https://www.internationaltradeinsights.com/2025/06/amendment-to-imports-of-aluminum-and-steel-increases-232-tariffs-to-50/ https://www.cfr.org/article/trumps-new-aluminum-and-steel-tariffs-explained-six-charts https://www.whitehouse.gov/fact-sheets/2025/06/fact-sheet-president-donald-j-trump-increases-section-232-tariffs-on-steel-and-aluminum/ https://www.whitehouse.gov/presidential-actions/2025/06/adjusting-imports-of-aluminum-and-steel-into-the-united-states/ https://www.whitecase.com/insight-alert/commerce-department-opens-new-steel-and-aluminum-section-232-tariff-inclusions https://www.internationaltradeinsights.com/2025/06/amendment-to-imports-of-aluminum-and-steel-increases-232-tariffs-to-50/