Economist Peter Morici breaks down what the national debt is, why it ballooned to more than $34 trillion and what it means for Americans. Prospective homebuyers in the U.S. are keeping a close eye on the Federal Reserve as they eagerly await interest rate cuts that could offer relief from painfully high borrowing costs. But there is another factor that could keep mortgage rates elevated…
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How the US national debt is keeping mortgage rates elevated
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