The U.S. debt ceiling impasse was solved when President Joe Biden signed a bill on Saturday to suspend the $31.4 trillion limit until January 2025 and cap government spending.It alleviated some pressure on mortgage rates, which declined over the past week.But uncertainties over the Federal Reserves (Fed) next steps are keeping mortgage rates high, with the 30-year fixed mortgage rate above 6.5% for the third consecutive week.
#people #back #expectations #president-joe-biden #highest-level #central-bank #mortgage-rates #government-spending
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