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Government shutdown and interest rates

Posted by on Oct 1, 2013 in Uncategorized | No Comments

While our federal government is facing shutdown today, what will that mean for the housing market and interest rates?

Interest rates will decline in the short-term, it will be a great time to refinance or purchase a home.   With tight inventory and reduced interest rates…that drives sale prices up, so a GREAT time to list your property.

In the longer term (should there be a longer term) the economy will be effected due to lack or reduced income to 21% of our nation (the percentage employed by the federal government,) pushing interest rates up….

None of know what will happen, but if you’re looking to buy or sell…the time is now.