Summary
Moody’s had decided to downgrade the US credit rating, citing the increasing burden of the US budget deficit. The markets responded by immediately raising mortgage rates. Today’s episode covers why this happens, what’s going on globally that could affect mortgage rates, and what to expect if these downgrades continue. Download today!
Chapters
00:00 U.S. Debt Downgrade: A Historical Moment
02:56 Understanding Credit Ratings and Their Impact
06:12 The Implications of U.S. Debt on Mortgage Rates
08:49 Economic Climate and Its Effects on Real Estate
11:55 The Role of the Dollar as the Reserve Currency
15:12 Potential Global Economic Shifts and Their Consequences 18:04 The Importance of Defensive Investing
21:02 Current Real Estate Opportunities and Strategies
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