Should Homebuyers Care About Debt Ceiling Debate?

Should Homebuyers Care About Debt Ceiling Debate?

When President Joe Biden was trying to pressure Republicans into supporting Democrats’ efforts to raise the debt ceiling, he warned of ominous outcomes should the effort fail. “People may see the value of their retirement accounts shrink. They may see interest rates go up, which will ultimately raise their mortgage payments and car payments,” Biden…

What Does Debt-Limit Fight Mean for Mortgage Rates?
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What Does Debt-Limit Fight Mean for Mortgage Rates?

Economists and housing industry experts are keeping a close eye on Washington D.C.’s debate over raising the debt ceiling and what it might mean for interest rates. Congressional Democrats are heading into what even Speaker Nancy Pelosi acknowledges is a turbulent week or two, in which her party will attempt to use its narrow majorities…

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