Government Shutdown and Mortgage Interest Rates

The government shutdown is beginning to affect mortgage interest rates. Since the market opened there has been no change to mortgage interest rates. They are holding the gains of the last few weeks. I predicted the this would result in lower rates, but so far there has been no change. We’ll see what the next few days bring as this government shut down continues. I think the debt ceiling debate/controversy will have more impact in the coming weeks. This will be when you want to jump on the train and purchase or refinance your home!  To get qualified for the lowest interest rate mortgage in Charleston, be sure to give Coastlend Mortgage a call.

rate update 10-1

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