How the shutdown affects mortgages
Sep 29, 2023

How the shutdown affects mortgages

While plenty of people want mortgages right now, rising rates are limiting what they can afford. Then, is all this shutdown drama ultimately missing the point?

Segments From this episode

Mortgages are still in demand. Qualifying for one is a different story.

Sep 29, 2023
Pending home sales fell more than 7% in August, according to the National Association of Realtors. While demand for homes is still high, people are having a harder time qualifying for mortgages — and that's intensifying demand for cheaper homes.
"A lot of our borrowers are assuming that in 3 or 5 years, those interest rates are going to have come back down," said Chris Duncan of La Salle State Bank at Illinois.
Stefani Reynolds/AFP via Getty Images

"It's a circus all over again"

We check in with Zanny Minton Beddoes, editor-in-chief of The Economist magazine, on the possible government shutdown and the rising cost of debt.

The team

Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer
Dylan Miettinen Digital Producer
Jesson Duller Media Producer
Nick Esposito Media Producer
Nic Perez Director/Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Olie D'Albertanson Producer, BBC