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Economy

Soaring mortgage rates add to Biden midterm headaches

By Haisten Willis
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Soaring mortgage rates add to Biden midterm headaches

Bad headlines keep coming for President Joe Biden as he tries to hold bare congressional majorities in the final two years of his term. The latest: Mortgage rates have climbed above 7% for the first time since 2001, making it more difficult for people to buy a house and squeezing the rest of the economy.

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2022 Elections Democratic Party Federal Reserve Housing Joe Biden Real Estate Washington D.C.