Mortgage Rates, U.s. Debt | featured news

U.S. Credit Rating Downgrade Looking Likely Even If Debt Ceiling Deal Is Reached

Could the U.S. lose its top credit rating even if a deal is reached to raise the debt limit? Market analysts and investors increasingly say yes. The outcome won't be quite as scary as a default, but financial markets would still take a blow. Mortgage rates could rise. States and cities, already strapped, could find it more difficult to borrow. Stocks could lose their gains for the year.

 

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