Mortgage Rates Highest Since 2002

Mortgage rates are skyrocketing as they climbed to 7.15% on Tuesday, reaching a 20 year high, according to reports.

Business Insider reports, “The housing market isn’t working for most Americans. Sales have slowed, homeowners are staying put, and prices are still near record highs.”

And economists are warning “The housing market recession will get demonstrably worse.”

“With Democrats in Washington, everywhere you turn there’s a new economic crisis,” said CLF Press Secretary Cally Perkins. “Democrats overspent, now rates are going through the roof.”