Thursday morning House Speaker John Boehner basically told President Obama to stuff it, which means the chances of Congress averting a default just went up. The yield on the benchmark 10-year Treasury rose to just shy of 3%, which means mortgage money will get more expensive too. Meanwhile, the cherished deduction for mortgage interest payments is in danger of being whittled down significantly as part of a debt ceiling deal – if there is a deal. I guess it could be worse. At least it’s not the fall of 2008…
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