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The Real Estate News Brief: U.S. Debt Downgrade, Monthly Mortgage Increase, New Wind Risk Data for Homebuyers
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:06:37
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In this Real Estate News Brief for the week ending August 5th, 2023... the government’s debt rating get a downgrade, typical mortgage payment rises, and wind risk data is now available on a popular listing website. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week that features a downgrade on U.S. government debt. The Fitch credit rating agency lowered the U.S. government’s debt rating one notch, from AAA to AA+ saying the downgrade reflects “expected fiscal deterioration” that includes a rising amount of government debt and repeated problems with “governance” because of all the debt-ceiling battles in Congress. The government still has a triple-A rating from Moody’s but now has “two” AA+ ratings. The S&P had downgraded U.S. government debt to a AA+ rating 12 years ago, in 2011. As for what kind of debt we can expect in the future, a strategist at Bank of