It’s becoming more apparent that the economy is slowing slightly now that the government shutdown is over. While not good news overall, it has been quite favorable for mortgage rates.
Mortgage rates also benefited from the agreement in D.C. because investors now think that the Fed will wait longer to begin to taper its bond purchase program due to the uncertainty baked into the agreement (will we go through this again in only 3 months?).
Net, net, it’s a great time to buy or refinance.
Read more detail here.
I hope you are enjoying the beautiful Fall weather!
Equal Housing Lender
No statement on this website is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the house to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Terms of the loan may be subject to payment of points and fees by the applicant. NMLS# 3116