: So you think 6% mortgage rates are too high? Here’s how bad it could get if the U.S. defaults on its debt. Posted on May 11, 2023 By Charlielikes Zillow say a U.S. debt default would put the housing market in a ‘deep freeze.’ Stock Market Tags:‘bad, ‘could, ‘too, ‘you, 6%,, are, billy wilkins, debt, defaults, get, here’s, high, how, if, it, it’s, market, mortgage,, on, rates, so, stock, stock market, the, think’, u.s.