Mortgage rates briefly spiked to 4.56% following Moody’s downgrade of U.S. debt, but quickly stabilized’ One mortgage lender downplays any long-ter

The dip in the U.S. credit rating indicates that ratings agencies believe the government is at a higher risk of default on its debt. While the U.S. rating still remains relatively high, the decrease may make investors more hesitant to lend to the government, and demand higher compensation for lending in the form of higher interest rates.