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So you think 6% mortgage rates are too high? Here’s how bad it could get if the U.S. defaults on its debt.

Por: MarketWatch Politics May 12, 2023

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The real-estate company’s projections, released Thursday, come weeks ahead of the June 1 “X-date.” That’s the earliest date when the government could run out of its ability to pay all its bills and debt obligations if there’s no political deal to raise the government’s debt ceiling. President Joe Biden and House Speaker Kevin McCarthy are scheduled to meet Friday to to raise the country’s borrowing limits. Zillow says a default is... + full article



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