“#Bidenomics has led to mortgage rates hitting a 21-year high → over 7%.”
What PolitiFact found
Mortgage rates hit a 21-year high in August, reaching 7.09%. But blaming President Joe Biden’s policies for record-high mortgage rates is an oversimplification, economists say.
Their words, from the summary they publish with the rating.
In short
Shelley Moore Capito (U.S. Senator, R-W.Va.) made this claim around 23 August 2023. PolitiFact (United States) looked into it and published its finding on 5 October 2023, 43 days later. Its rating was “Mostly True”.
Shelley Moore Capito has 6 checked claims in this archive. Fact-checking organisations rated 0 of them false or fake, 4 misleading or mixed and 2 true.
Where the claim appeared
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This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.