Former US President Donald Trump has publicly criticized Federal Reserve Chair Jerome Powell, calling him a 'disaster for America' due to the persistently high interest rates that are affecting the economy. As of early May 2026, the average rate for a new 30-year mortgage is above 6.5%, making home loans increasingly expensive for prospective buyers. The 10-year US Treasury yield is nearing 4.5%, indicating high borrowing costs. Mortgage rates have experienced significant fluctuations recently, influenced by various factors including inflation, geopolitical tensions, and economic signals. The Consumer Price Index (CPI) report set to be released on May 12 is particularly important, as a decrease in inflation could lead to lower mortgage rates. Investors and homebuyers are advised to monitor these developments closely, as even minor positive news could lead to rate reductions.