Business
Inflation and Mortgage Rates Impact US Economy
Republicans are grappling with the challenge of inflation as mortgage refinance demand drops by 18% due to rising interest rates. The situation is exacerbating economic pressures ahead of midterm elections.
Coverage timeline — 2 articles
CNBC
Mortgage rates rose to the highest level in 9 months, hitting refinance demand hardest. Homebuyers also pulled back but were still more active than last year.
2026-05-27 11:00 UTC
CNBC
Republicans are struggling to find a clear message to battle high prices as President Trump pushes for funding for a White House ballroom.
2026-05-27 11:02 UTC