Lawmakers can help to lower long-term interest rates by getting the country’s fiscal house in order and lowering our structural deficit.

Both in his first term and since the November election, Donald Trump has pointed to a rising stock market as an endorsement of his policies. He would be wise to keep his eyes focused on another key economic indicator.

As the Federal Reserve started a round of interest rate reductions, mortgage rates rose again over the past two months. Coming as those locked out of ultra-low rates during the Covid panic face serious obstacles to purchasing the home of their dreams, the development should emphasize to Trump and his team the importance of fiscal discipline in maintaining economic stability for American families.