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Housing Market On-Edge Over Debt Ceiling Debate

Last updated on Wednesday, July 27, 2011

(UNDATED) - The housing market nationwide is on-edge as negotiations over the debt ceiling continue.

Greg Cooper with Prudential Indiana says people seem to be confident that a deal will get done.

But, if it doesn't and the august 2nd deadline passes, cooper says prepare for interest rates to spike.

Cooper says it would also cause a trickle-down effect on housing numbers, with potential buyers staying out of the market because of the interest rates.

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