US Credit Rating and Home Buyers: What You Need to Know
TL;DR Summary
The credit ratings of US mortgage giants Fannie Mae and Freddie Mac were put on watch for possible downgrade by Fitch Ratings due to uncertainty about the United States fulfilling its debt obligations and concern about the level of support the housing GSEs can expect if the US rating were to drop. A downgrade could disrupt the flow of funds and impact mortgage rates. However, Fitch notes that the GSEs primarily cover their obligations with cash flows from operations, as opposed to direct reliance on the federal government. A resolution to the debt ceiling standoff could avert a downgrade.
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