housing · October 21, 2026
Mortgage Rates Skyrocket as Housing Market Cools Before Midterms
Rising borrowing costs are slowing the home market just before the November elections.
Home prices and activity are taking a hit as mortgage rates shoot up. Borrowers are facing higher monthly payments, which cools demand for houses. The jump in rates lands right ahead of the midterm election season. That timing could shape how many people try to sell or buy before voting day. For anyone shopping for a home, the cost of financing is climbing faster than usual.
Original reporting
- newsweek.com