Friday, October 18, 2013

DailyMarkets.com - Increase In US Mortgage Rates As Government Shutdown Ends

DailyMarkets.com - Increase In US Mortgage Rates As Government Shutdown Ends


Increase In US Mortgage Rates As Government Shutdown Ends

Posted: 18 Oct 2013 07:41 AM PDT

This week mortgage applications increased 0.3% compared to last week, however, most mortgage rates have increased this week as well, which implies that the government shutdown had an effect on the mortgage market.

The government shutdown last week decreased not only government purchases but household consumption as well, which affected mortgage rates and mortgage applications. Despite the fact that Congress voted to end the government shutdown, almost all mortgage rates have increased … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

No comments:

Post a Comment