Debt default would increase housing payments by 22 percent: Zillow

Monthly Mortgage Payments Could Surge 22% If US Defaults

Zillow sees a jump in rates to more than 8% if the debt ceiling isn’t raised, with the real estate market taking a major hit.

Debt default would increase housing payments by 22 percent: Zillow

Home buying costs could shoot up by double digits if the U.S. defaults on its debt for the first time in history, according to an analysis released on Thursday.   Mortgage rates would soar to 8.4 percent and increase buying costs overall by 22 percent, according to a a worst-case-scenario analysis from the real estate company Zillow.…

Home buying costs could spike by 22% if US defaults on its debt

By Anna Bahney, CNN The United States has never defaulted on its debt, and it remains an unlikely outcome of the current standoff about raising the debt ceiling. But, if it were to happen — which could be as soon as June 1 without intervention — it would further crush an already wounded housing market, according to an analysis by Zillow. Housing costs would spike by 22% with the rate for 30-year, fixed rate mortgages rising above 8%. There would…

Zillow: U.S. default would see mortgage rates top 8%, home sales plummet, and the housing market slip back into a 'deep freeze'

If the U.S. defaults, Zillow says, mortgage rates could reach 8.4% by September.

Home buying costs could spike by 22% if US defaults on its debt

The United States has never defaulted on its debt, and it remains an unlikely outcome of the current standoff about raising the debt ceiling. But, if it were to happen

Home buying costs could spike by 22% if US defaults on its debt

The United States has never defaulted on its debt, and it remains an unlikely outcome of the current standoff about raising the debt ceiling. But, if it were to happen