DNC: Mortgage Rates Climb as Homebuyers Back Out Of Deals At Highest Rate Ever
January 30, 2026
January 30, 2026
WASHINGTON, Jan. 30 -- The Democratic National Committee posted the following news release on Jan. 28, 2026:
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Mortgage Rates Climb as Homebuyers Back Out Of Deals At Highest Rate EVER
In Donald Trump's economy, the housing market is in shambles. US mortgage rates climbed again, and last month, more home purchase agreements were canceled than in any December on record -- a staggering 40,000 cancellations, representing 16.3% of all agreements.
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Mortgage Rates Climb as Homebuyers Back Out Of Deals At Highest Rate EVER
In Donald Trump's economy, the housing market is in shambles. US mortgage rates climbed again, and last month, more home purchase agreements were canceled than in any December on record -- a staggering 40,000 cancellations, representing 16.3% of all agreements.