Fact-check · Nov 10, 2026 · Pete Hegseth
“Mortgage rates were rising”
TRUE
What the record shows
Freddie Mac Primary Mortgage Market Survey shows 30-year fixed mortgage rates rose from 6.15% (Dec 31, 2025) to 7.40% (Oct 2026), peaking in October before declining to 7.18% by Nov 5, 2026.
Mortgage rates rose substantially throughout 2026 leading up to the November midterm elections, confirming the speaker's characterization of rising rates.
Sources
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