How rising mortgage rates are hitting the housing market hard — at a terrible time for GOP

The Hill - Oct 7, 2026

Rising mortgage rates are lowering the odds of prospective homebuyers entering the market and adding to the tough economic slate for President Trump and the GOP just weeks ahead of the midterms. The average 30-year fixed mortgage rate was 7.28 percent last week — the highest mark since late November 2023, according to data from...

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