Can U.S Debt Affect The Mortgage Market?

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.

Learn About The Benefits Between A Condo Vs House

Many people seem to have a hard time when it comes to deciding on if they should purchase Mississauga Condos for sale vs a house. This can be a big decision to make and often difficult, especially for those who may be new to the housing market. No matter what your situation may be, sometimes having a clear understanding for what each one might entail can often help people to form a better decision that will reflect their personality and lifestyle.