Last week, the U.S. debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months.Some indexes show the 30-year fixed rate has reached the 7% mark, which has reduced borrowers' appetite for home loans.The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% for the week ending May 19 compared to one week earlier.
#federal-government #uncertainty #communication #recent-months #vice-president #highest-level #executive-vice-president #housing-market #obligations #mortgage-rates
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