"I think we need to have that moment where we realize [we're] going broke. I think, personally, it would bring stability to the world markets."
-- Rep. Ted Yoho (R-Fla.) told The Washington Post.
Investors aren't as confident as this freshman congressman. Economists and budget experts warn that a failure to raise the debt ceiling could send the stock market plummeting and even create another recession.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.28%||4.41%|
|15 yr fixed||3.30%||3.33%|
|30 yr refi||4.31%||4.39%|
|15 yr refi||3.35%||3.31%|
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