US mortgage rates jumped this week, climbing closer to 7%. The move follows last week’s rate hike from the Federal Reserve, and the downgrade this week by Fitch Ratings agency of US sovereign debt, and of Freddie Mac and Fannie Mae.

  • Chaotic Entropy@feddit.uk
    link
    fedilink
    arrow-up
    6
    ·
    edit-2
    1 year ago

    It isn’t even the first time they’ve done it and caused chaos… or the second time… Or…

    The debt ceiling is a bargaining chip when they’re not in charge.