This week, mortgage rates have increased as a result of debt limit impasse between lawmakers in the market. This impasse has led to a degree of uncertainty in the mortgage market, causing mortgage providers to act conservatively by increasing their rates.
The debt limit impasse between the Congress and the White House highlights the financial instability of the moment. As a result, potential mortgage borrowers may be met with higher rates and stricter terms from lenders. It is important to stay aware of the market developments relating to the debt limit impasse as they will affect the mortgage industry.
Most important elements:
• Mortgage rates increased this week
• Caused by debt limit impasse between lawmakers
• Highlighted the financial instability of the moment
• Lenders offering higher rates and stricter terms
• Important to stay aware of market developments
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-increase-as-debt-ceiling-battle-continues/(subscription required)
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