Mortgage Rates Hit Highest Level Since Trump Took Office — SkimNews
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- Mortgage rates climbed for the fourth-consecutive week, reaching their highest level since Trump took office, per CNN Business
- Almost everything is getting more expensive weeks before the midterms, per the Wall Street Journal
Why it matters: Homebuyers and refinancers face mortgage borrowing costs at their highest level since Trump took office, and with consumer prices broadly rising weeks before the midterms, the Fed's rate hike lands at a politically sensitive moment — directly worsening affordability for anyone shopping for a home or refinancing.
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