Senator Rick Scott Addressed Housing Affordability

The senator unveiled a new platform as national mortgage rates climbed to 6.95%.

Updated on Sept. 23, 2026 in Residential

Unfinished wooden timber framing on a concrete foundation in a suburban residential construction site. — Senator Rick Scott introduced a new platform to address housing affordability, advocating for federal deregulation and fiscal responsibility to stabilize mortgage costs. AI Illustration. Upload story photo >

Live Poll

Do you believe reduced federal regulation is the best way to improve housing affordability in America?

Senator Rick Scott has released a platform to tackle housing costs, citing historically low affordability across the country. The initiative follows the enactment of the 21st Century ROAD to Housing Act earlier this summer.

Why it matters

Senator Scott contends that federal spending and excessive regulatory policies are the primary drivers of the current housing crisis. He argues that cutting regulations and balancing the budget are essential to helping Americans manage their household incomes.

The average 30-year fixed rate mortgage hit 6.95% on September 17, 2026, compared to 6.76% just one week prior. This rise occurs against the backdrop of the 21st Century ROAD to Housing Act, which was signed into law in July 2026.

The players

Rick Scott

He is a United States Senator representing the state of Florida.

The details

The newly released Rescuing America video series calls for deep cuts to federal regulations and a commitment to balanced budgeting to stimulate job creation. These proposals build upon the 21st Century ROAD to Housing Act, which aims to increase housing supply and limit single-family home purchases by certain institutional investors.

July 2026: The 21st Century ROAD to Housing Act became law.
September 17, 2026: The 30-year fixed mortgage rate reached 6.95%.
September 22, 2026: Senator Rick Scott addressed the national housing crisis.

Culture Shift

The proposal marks a pivot toward broad fiscal reform as a primary mechanism for addressing the housing crisis, extending the framework of the 21st Century ROAD to Housing Act. This approach signals a move away from targeted local housing subsidies toward macro-economic policy changes.

Rising mortgage rates may increase the monthly cost of home ownership for prospective buyers across the country. Homeowners and renters should monitor how federal regulatory changes eventually influence the availability of housing stock in their local markets.

The takeaway

Rising interest rates continue to place significant pressure on home affordability for many American households. Implementing personal strategies, such as budgeting for higher borrowing costs or exploring regulatory-friendly housing options, may help mitigate financial strain.