About Government Refinance and Home Purchase Programs

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

The federal government ended its shutdown last night and the immediate impact on mortgage interest rates has been positive. Investors rushed into buying US treasury bonds again as the threat of a default abated and that in turn caused yields on the 10 year T-Note to drop, which in turn has caused mortgage interest rates to drop.

Of course market forces and mortgage interest rates are always in flux so now is an excellent time to get the ball rolling on a refinance or a home purchase. The current deal to end the government shutdown only lasts a few months so another showdown could be looming at the start of 2014. In addition, there is the ever-present possibility that the Fed will start tapering its stimulus program that has been compressing interest rates for some time. The reality is that the last part of 2013 may be the last we see of these historically low interest rates.

Fill in the contact form on the right today and one of our counselors can point you in the right direction to get qualified to purchase a home or to refinance to a better rate while these excellent rates are still available.

Comments (0) Posted by G.R.A. Admin on Thursday, October 17th, 2013


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