How soaring national debt impacts mortgage rates and the housing market

The ongoing government shutdown is hindering the economy in numerous ways. Among the most notable: The nation's debt is ballooning. The Treasury Department reported Oct. 22 that the national debt has exceeded $38 trillion — a previously unattained level of federal indebtedness. While that may seem like a problem outside the scope of your daily life, it could affect the housing market and mortgage rates. Read more: How the government shutdown impacts mortgage rates We're moving farther from the world of ...