✉news BusinessReal Estate first seen 14 h ago, last 1 h ago, peak #1
Rising mortgage rates slam housing market ahead of midterms
Original: How rising mortgage rates are hitting the housing market hard — at a terrible time for GOP
Mortgage rates are climbing sharply, cooling the US housing market as higher borrowing costs push buyers out and slow home sales. The Hill reports the squeeze is arriving at a politically damaging moment for Republicans, who face voter frustration over housing affordability and broader cost-of-living pressures heading into the election season.
Why now: Housing affordability is worsening just as voters' economic concerns become central to US election politics.
Republican PartyUS housing marketThe Hill
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- How rising mortgage rates are hitting the housing market hard — at a terrible time for GOP · The Hill
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