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Rising mortgage rates hammer housing market, troubling Republicans
Original: How rising mortgage rates are hitting the housing market hard — at a terrible time for GOP
Rising mortgage rates are sharply slowing the US housing market, with higher borrowing costs cooling home sales and affordability just as the issue lands on the political agenda. The Hill reports the timing is particularly bad for the Republican Party, which is having to confront voter frustration over housing costs while mortgage rates remain elevated.
Why now: Housing affordability is becoming a politically damaging issue for the GOP as rates stay high.
Republican PartyThe HillUS housing market
Evidence
- How rising mortgage rates are hitting the housing market hard — at a terrible time for GOP · The Hill
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