Mortgage rates climbed for a fourth consecutive week to the highest level since President Donald Trump took office, according to CNN’s report dated September 17, 2026.
Buyers face an affordability squeeze. Home sales are retreating in key markets like the Twin Cities. Broader inflation pressures are mounting weeks before the midterms.
💡 Frequently Asked Questions (FAQ)
- Q: Why are mortgage rates climbing to a post-Trump-era high?
- A: Rates rose for a fourth straight week amid mounting inflation pressures and economic uncertainty ahead of the midterms, reaching the highest level since President Trump took office.
- Q: How are higher mortgage rates impacting homebuyers?
- A: Buyers face an affordability squeeze with higher borrowing costs, leading to retreating home sales in key markets such as the Twin Cities.
- Q: Are mortgage rates linked to inflation and elections?
- A: Yes. Broader inflation pressures are pushing rates higher, and the surge is occurring weeks before the midterms, adding political and economic strain.