Mmastodon WorldUS Politics first seen 1 d ago, last 1 d ago, peak #5
US mortgage rates hit nearly three-year high after seventh straight weekly rise
Original: Trying to buy a home? Think again as…Average long-term US mortgage rate at highest level in nearly 3 years after 7th wee
The average long-term US mortgage rate has climbed to its highest level in nearly three years, marking a seventh consecutive weekly increase. The rise adds fresh pressure on prospective homebuyers already grappling with high prices and limited inventory. Commenters are tying the increase to Republican control of Congress and the White House ahead of November's midterm elections, making housing costs a political talking point.
Why now: Rising mortgage rates directly affect homebuyers and have become a politically charged issue ahead of the November elections.
United StatesFederal ReserveRepublican Party
Evidence
- Trying to buy a home? Think again as…Average long-term US mortgage rate at highest level in nearly 3 years after 7th weekly rise in a row - # RepublicansDidThis don’t forget this November. # Republicans have had total control of both houses of Congress, the executive branch and… · CharlieMcHenry@connectop.us · 3
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