So how much more do people pay today than they did when HARRIS/Biden took office? So if we reduce producer costs they can reduce prices. Interest rates have also climbed during the Harris/Biden administration. They are increasing interest rates to decrease inflation.
When Harris took office a 30 year fix mortgage was 2.95% today it is 6.59% The price of the average home has risen it is putting the American dream of home ownership out of reach for many people.
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Sources: U.S. Census Bureau and U.S. Department of Housing and Urban Development, Bankrate’s weekly survey of the nation’s largest lenders | | | |
2023 | $2,268 | $426,167 | 7.00% |
2021 | $1,525 | $396,800 | 3.15% |
2019 | $1,242 | $320,250 | 4.13% |
2017 | $1,250 | $322,425 | 4.14% |
2015 | $1,122 | $294,150 | 3.99% |
2013 | $1,037 | $266,225 | 4.17% |
2011 | $927 | $224,900 | 4.65% |
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Year
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Median monthly mortgage payment
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Median new home sale price*
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Average yearly interest rate
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