How a $40 Trillion U.S. Debt Could Lift Your Mortgage and Loan Costs

The U.S. national debt has topped $40 trillion, and rising borrowing costs could push mortgage rates and other loan costs higher as Treasury yields climb. Larger interest payments threaten fiscal room for priorities and could feed inflation if the debt is monetized; with deficits driven by tax-and-spending policy, economists say the path forward requires slower spending growth and higher revenue, though political stalemate persists.