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Biden Admin Is Killing the American Dream of Homeownership

Isn’t a big aspiration of the American dream owning a home? Biden keeps making first-time

homeownership harder for young families for two reasons. One is that the overall jump in inflation and the slower increase in wages and salaries means that homes are more expensive. A bigger killer for first-time homebuyers has been the steady rise in mortgage rates under Biden. When he came into office, the mortgage rate was 2.9 percent nationally. Now it is 7.1 percent, thanks to the Federal Reserve’s 11 interest rate increases.

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