Sen. Adam Schiff (D-CA), longtime nemesis of President Donald Trump, is enjoying a rock bottom 3 percent mortgage rate on both his Maryland and California homes since refinancing in 2020, newly released documents examined by the New York Post reveal.
That, according to the Post report, is below the average 30-year mortgage interest rate in 2020 of 3.10% for primary residences in the U.S., with secondary residences usually subject to rates up to 0.5% higher.
The rates in question are newsworthy because of a Department of Justice (DOJ) criminal investigation underway into the senator’s home financing. As Breitbart News has reported, the Federal Housing Finance Agency (FHFA) accuses the junior senator of potential mortgage fraud for claiming two homes as primary residences for more than a decade to achieve lower mortgage rates and reduced taxes.
According to DOJ sources, a grand jury in Maryland is currently evaluating a criminal indictment against the former 12-term congressman.
The Post report stated: