Are we going to see mortgage rates increasing with the government shutdown?

Asked by amyfertig63, Pompano Beach, FL Tue Oct 8, 2013

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Maria Cipoll…, Agent, Coral Springs, FL
Mon Dec 16, 2013
A rise in the mortgage rates if affecting the demand for mortgages. It is not only having an effect on potential home buyers and sellers, mortgage lenders, are also feeling the heat. Definitely, we will see mortgage rates going up by the end of this year and beginning of the new one.

Best of Luck,

Maria Cipollone
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, ,
Tue Oct 8, 2013
Little, if anything, has changed since the onset of the government shutdown. Rates continue to be paralyzed by uncertainty, as market participants continue to fly blind without economic data data. There are a few events on tap for this week that can nudge rates out of their very narrow range, but even then, traders really need to see the employment figures (and other data delayed by the shutdown) before committing to a significant move in either direction.

This doesn't mean that rates can't get better or worse on any given day, simply that the magnitude of the movement will continue to be relatively subdued. More ominously, it can suggest a sharp move higher or lower when we ultimately break out of the narrow range.
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