mortgage interest rates

The mortgage industry has been through a lot recently; lots of foreclosure, declining home prices plus consumers are hesitant to buy new homes. Now there is something else that may worsen the situation; the looming federal debt in the U.S The whole economy would be adversely affected and that includes the housing market. That’s because a default will push up interest rates on every form of credit including mortgages. Experts say that interest rates can rise even one percent; a very high number. Brookfield Homes San Diego offers a large selection of stunning homes in San Diego County, California.