Elizabeth Warren Says 'Trump Doesn't Care if You Can Afford to Buy a Home' After Mortgage Rates Hit One-Year High

Benzinga08-02 16:27

Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s Iran policy after mortgage rates climbed to their highest level in more than a year, arguing that rising borrowing costs are making ...

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Elizabeth Warren (D-Mass.) criticized President Donald Trump’s Iran policy after mortgage rates climbed to their highest level in more than a year, arguing that rising borrowing costs are making ...</p>\n\n<a href=\"https://www.benzinga.com/news/politics/26/08/60861673/elizabeth-warren-says-trump-doesnt-care-if-you-can-afford-to-buy-a-home-after-mortgage-rates-hit-one-year-high\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPMB","symbol_name":"SPDR Portfolio Mortgage Backed Bond ETF","start_time":0,"source_url":"https://www.benzinga.com/news/politics/26/08/60861673/elizabeth-warren-says-trump-doesnt-care-if-you-can-afford-to-buy-a-home-after-mortgage-rates-hit-one-year-high","article_id":"2656317576","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=3840,format=auto,quality=85/files/images/story/2026/08/02/Elizabeth-Warren.jpg"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/news/politics/26/08/60861673/elizabeth-warren-says-trump-doesnt-care-if-you-can-afford-to-buy-a-home-after-mortgage-rates-hit-one-year-high","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2656317576","pubTimestamp":1785659220,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Warren blamed Trump’s Iran policy for rising mortgage rates, saying higher borrowing costs are making homeownership harder for Americans.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPMB":"SPDR Portfolio Mortgage Backed Bond ETF","HAUS":"Residential REIT ETF","BK4024":"房地产开发","BLDG":"Cambria Global Real Estate ETF","HHH":"Howard Hughes Holding","TSRS":"Truth Social American Red State REITs ETF","LIV":"Emles @Home ETF","HOMZ":"Hoya Capital Housing ETF","VABS":"Virtus Newfleet ABS/MBS ETF","HBCP":"Home Bancorp Inc","BK4195":"互助储蓄与抵押信贷金融服务","DFAR":"Dimensional US Real Estate ETF","FREI":"Fidelity Real Estate Income ETF","MTBA":"SIMPLIFY MBS ETF","JHMB":"John Hancock Mortgage-Backed Securities ETF","JRE":"Janus Henderson U.S. Real Estate ETF","JMTG":"JPMorgan Mortgage-Backed Securities ETF","SMBS":"Schwab Mortgage-Backed Securities ETF","PSR":"Invesco Active U.S. Real Estate ETF","REIT":"ALPS Active REIT ETF","REZ":"住宅房产信托ETF-iShares","OWNS":"CCM Affordable Housing MBS ETF","RIET":"Hoya Capital High Dividend Yield ETF","PKB":"INVESCO BUILDING & CONSTRUCTION ETF","XHOA":"Corgi U.S. Real Estate 2x Daily ETF","URE":"两倍做多房地产ETF-ProShares","BK4211":"区域性银行","TRUR":"VanEck Real Estate TruSector ETF","MBSD":"FlexShares Disciplined Dur MBS Idx"},"translate_title":"抵押贷款利率创一年新高后，伊丽莎白·沃伦表示“特朗普不在乎你是否买得起房子”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIET":0.74,"LIV":0.9,"REZ":0.9,"TSRS":0.74,"JMTG":0.9,"BLDG":0.74,"JRE":0.87,"DFAR":0.9,"OWNS":0.74,"HOMZ":0.9,"JHMB":0.87,"PKB":0.9,"REIT":0.87,"HAUS":0.9,"TRUR":0.74,"XHOA":0.74,"MBSD":0.74,"VABS":0.9,"FREI":0.74,"MTBA":0.87,"SPMB":0.9,"URE":0.74,"PSR":0.74,"HBCP":1.5,"HHH":0.74,"SMBS":0.74},"content_text":"Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s Iran policy after mortgage rates climbed to their highest level in more than a year, arguing that rising borrowing costs are making homeownership increasingly difficult for Americans.\nOn Saturday, Warren blamed Trump’s approach to Iran for a recent increase in mortgage rates, arguing that the administration’s actions contributed to economic uncertainty and made housing affordability challenges worse.\n\"BREAKING: Mortgage rates jumped to the highest level in more than a YEAR thanks to Donald Trump’s war with Iran,\" Warren wrote in a post on X.\nHe added, \"Trump doesn’t care if you can afford to buy a home.\"\nThe Kobeissi Letter warned that rising mortgage rates near 7% could further slow the U.S. housing market. \nIt said homeowners with 3% mortgages from 2021 would face significantly higher costs if they moved, with monthly payments on a $500,000 home potentially rising nearly $1,000. \nThe firm said elevated rates could discourage selling and deepen the housing market slowdown.\nLast month, U.S. mortgage rates reached a one-year high, with the average 30-year fixed mortgage rate rising to 6.66%, according to Freddie Mac. \nRising inflation concerns, Federal Reserve policy expectations and geopolitical tensions pushed long-term borrowing costs higher.\nEarlier, Morgan Stanley’s housing outlook showed affordability was unlikely to return to pre-2022 levels even if mortgage rates declined. \nThe firm projected rates could ease toward 5%, but mortgage payments would still account for about 21% of household income, above historical averages.\nThe firm said about 70% of homeowners held mortgage rates below 5%, limiting housing supply as many avoided selling. High interest rates, limited inventory and rising costs continued to pressure buyers.\nEconomist Mohamed El-Erian also warned that housing affordability remained under severe strain, noting that buyers were spending about 42% of their income on housing costs. \nCiting the Burns Affordability Index, El-Erian said affordability remained \"extremely unaffordable\" despite improving from a 48% peak in late 2023. \nThe index measured housing costs based on a median-priced existing home purchase with a 10% down payment.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Sheila Fitzgerald on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2656317576","isCrawlerRequest":true}