Hickenlooper Video Statement on Increasing Mortgage Rates

WASHINGTON - Today, U.S. Senator John Hickenlooper called out President Trump's broken agenda for fueling inflation and leading to higher mortgage rates. Mortgage rates - which just hit over 7% - are the highest since President Trump took office, after increasing four weeks in a row.

"President Trump's war is making it harder to buy a home in Colorado," Hickenlooper said in a new video. "Before the Iran war, the average 30-year mortgage rate was just above 6%. Today? It's above 7%. For a Colorado homebuyer, that difference adds up fast: Over $280 more every month. Almost $4,000 every year. And over $100,000 over a 30-year mortgage."

He continued, "that's real money that could be going toward groceries, child care, or college. We've voted more than a dozen times to end this war. MAGA Republicans have blocked us every time. We need to end this war. Bring costs down. Get back to helping working families."

Watch his full video HERE.

Yesterday, the Federal Reserve raised interest rates for the first time since 2023, citing concerns about inflation being driven largely by President Trump's costly war with Iran that has skyrocketed gas and diesel prices.

Hickenlooper has been vocal in his opposition to President Trump's cost-of-living emergency fueled by the president's war with Iran, illegal tariffs, and cruel healthcare cuts. Hickenlooper has introduced a War Powers Resolution to direct President Trump to terminate U.S. military hostilities against Iran and has voted repeatedly to end the president's war.

He has fought against the president's disastrous budget bill that gutted health care to pay for tax cuts for the ultra-wealthy. He's doing a state-wide tour of local hospitals and clinics to meet with Coloradans and hear how they are grappling with the increasing costs of healthcare.

Hickenlooper also helped pass the most consequential housing bill in decades, opening the door to homeownership for millions of Americans and stopping Wall Street from buying up homes that belong to working families.

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