Trump Tells Buyers Priced Out of Housing: ‘Wait a Little Longer’

President Donald Trump said US consumers should “wait a little longer” for mortgage rates to drop further, a plea for patience from the electorate as voters show dissatisfaction with his handling of the economy and affordability issues.

Potential homebuyers should “save a little money, wait a little longer, you’re going to get a mortgage for a very low rate,” Trump said Friday ahead of boarding a flight to Texas.

The remark echoed his comment about the issue in his State of the Union address to Congress on Tuesday, which tacitly acknowledged limits to the federal government’s ability to affect housing ...