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.
Warren Links Iran Policy to Mortgage Rates On 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.
"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.
He added, "Trump doesn’t care if you can afford to buy a home." BREAKING: Mortgage rates jumped to the highest level in more than a YEAR thanks to Donald Trump's war with Iran.Trump doesn't care if you can afford to buy a home.— Elizabeth Warren (@SenWarren) August 1, 2026 Read Also: US Housing Affordability Is 'Deteriorating Again' as Mortgage Rates Hit 11-Month High— Top Economist Says 'Shopping Around Can Save You Thousands…' Mortgage Rates Near 7% Freeze Housing Market The Kobeissi Letter warned that rising mortgage rates near 7% could further slow the U.S. housing market.
