Some of you need to learn to read.
It is clear S&P is liberal....they keep pushing in here for tax increases.
They are not just a cuts-only approach.
However, on a more serious note, DOES THIS MEAN I WILL PAY MORE FOR MY MORTGAGE?
How will this impact regular people?
Not if you already have a fixed rate loan. Have your forgot the 1970’s when interest rates were high teen to low 20’s%. I worry about inflation. Any money you have saved will be worth a whole lot less. The .gov will destroy any wealth the middle class has. They have already destroyed home values.
If you have an ARM, go out and buy Vasaline stock.