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Housing Market Gets Hit as Mortgage Rates Skyrocket Ahead of Midterm

This could add another affordability headache for President Donald Trump and Republicans just weeks before the midterm elections.

Sources (1)· Oct 20, 9:57 PM

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Pete Hegseth met with Netanyahu during unannounced trip to Israel - Tue, 20 Oct 2026 PSTWASHINGTON – Pentagon chief Pete Hegseth met with Israeli Prime Minister Benjamin Netanyahu during an unannounced visit to Israel this week, an encounter that comes as the Trump administrations weighs new strikes against Iran after November’s midterm elections. Netanyahu and Israeli Defense Minister Israel Katz met with Hegseth on Monday, a day after…

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Struggling US homebuyers, and market, face new hurdles as mortgage rates climb to nearly 7%Mortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate rose to 6.95% from 6.76% last week. One year ago, the average rate was 6.26%. The average rate on 15-year…