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Chart of the Day: Mortgage Rates 3% When Trump Left Office 7% Now

Last week we warned that homes were becoming too expensive for young families to afford. One big reason: mortgage rates have doubled. This is the key factor for the near doubling of monthly mortgage payments. And of course, the reason that interest rates are so high is that Biden has raised the debt by more than $4 trillion HIGHER than it would have been without his spending and debt spree.  His new budget makes the debt situation worse.

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