Sep 29, 2023

How the shutdown affects mortgages

Mario Tama/Getty Images

While plenty of people want mortgages right now, rising rates are limiting what they can afford. Then, is all this shutdown drama ultimately missing the point?

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Mortgages are still in demand. Qualifying for one is a different story.

by Justin Ho

Sep 29, 2023

Pending home sales fell more than 7% in August, according to the National Association of Realtors. While demand for homes is still high, people are having a harder time qualifying for mortgages — and that's intensifying demand for cheaper homes.

"A lot of our borrowers are assuming that in 3 or 5 years, those interest rates are going to have come back down," said Chris Duncan of La Salle State Bank at Illinois.

Stefani Reynolds/AFP via Getty Images

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A playbook for worker training

by Nancy Marshall-Genzer

As companies across the country grapple with continued labor shortages, the Biden administration is slated to release a playbook later on Friday that outlines best practices on training employees.

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"It's a circus all over again"

by David Brancaccio

We check in with Zanny Minton Beddoes, editor-in-chief of The Economist magazine, on the possible government shutdown and the rising cost of debt.

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The team

David Brancaccio Host

Leanna Byrne Host, BBC

Kelly Silvera Executive Producer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Alex Schroeder Producer

Ariana Rosas Producer

Dylan Miettinen Digital Producer

Jesson Duller Media Producer

Nick Esposito Media Producer

Nic Perez Director/Producer

James Graham Producer, BBC

Jo Critcher Producer, BBC

Olie D'Albertanson Producer, BBC

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