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Obama’s Debt Ceiling Deal & Mortgage Rates - Backing Down or Standing Up?

Posted by Matthew Boreen on Thursday, 04 August 2011 in Real Estate One Stop Shop Blog

Barack_Obama_Debt_Ceiling The US has finally come together and solved our debt ceiling crisis. Everything is back to normal...

Obama has completely backed off his demand for new revenue in the deal that passed the House a few days ago to raise the debt ceiling and cut the deficit. Several lawmakers have said they don’t know whether he can be counted on to stand firm on raising taxes on the wealthy and protecting programs such as Medicare.

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The Debt Ceiling Crisis & How It Will Effect the Real Estate Market & Mortgage Industry

Posted by Matthew Boreen on Friday, 29 July 2011 in Real Estate One Stop Shop Blog

debt_ceiling_united_states Over the past 6 months there has been an issue luring over the United States. An issue that if not resolved by congress, will create U.S. financial hardship. August 2nd is the day that the United States will be out of money to pay its debt and officially default.

- So what does this mean for the middle class?
- Is this a big deal or just a concern for the wealthy?
- How will this effect your life financially?

These are just a few questions that come to mind as TV and news outlets run story after story. They frequently talk about how the President and politicians, both democrats and republicans, will not agree on a compromise. As the August 2nd deadline approaches, you have to wonder what the consequences are and how it may effect the United States?

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