About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

As we discussed recently, the government shut down could potentially slow the flow of government-backed mortgages due to lack of manpower at the FHA and VA. But one week in to the shut down mortgage rates have drifted lower as well.

It appears that investors are getting skittish about the current shut down and pending debt ceiling debate. In response to those concerns more investors are moving money into the relatively safe haven of treasury bonds. The more money moves into bonds, the lower the yield on those bonds moves, and mortgage interest rates tend to drop in concert with the yield on treasuries.

In the end, what really matters to most Americans is mortgage interest rates are lower now than they were this summer. This dip in rates probably won’t last long though so fill in the contact form on the right to learn how to get the ball rolling on a refinance or home purchase right away.

Comments (0) Posted by G.R.A. Admin on Monday, October 7th, 2013

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