Growing national debt may be keeping mortgage rates high —and housing expensive
Government
The next obstacle to cheaper mortgages and more affordable homes may not be inflation or the Federal Reserve, but Washington ’s debt. President Trump’s fiscal 2027 budget blueprint has drawn renewed scrutiny because it does not lay out a clear long-term plan to stabilize the nation’s $38 trillion debt burden , even as annual deficits grow $2 trillion per year. That matters for housing because heavier government borrowing can push up financing costs if investors demand higher returns to
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