Rising Mortgage Rates, Economic Growth, and Geopolitical Uncertainty
- 1Mortgage rates recorded approximately 7.5% over a period of about one month.
- 2The US economy remains strong, with an annualized GDP growth rate of 2.2% in the second quarter.
- 3The US national debt of $40 trillion at the beginning of this year is causing concern among investors.
So what's the key point?
Interest rates for home loans rose to 7.5%. While the US economy is growing, investors are worried because the national debt has reached $40 trillion.
Source Yahoo Finance · View original ↗
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