Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike.However, rates have started to reverse course over the last few days, following news of a debt agreement and an expectation that the Federal Reserve may pause hikes.On the fiscal side, President Joe Biden and House Speaker Kevin McCarthy struck a deal on Saturday to suspend the $31.4 trillion U.S. debt limit until January 2025 and cap government spending.
#expectations #president-joe-biden #wall-street-journal #interest-rates #housing-market #federal-reserve #mortgage-rates #government-spending #personal-loans
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