Government shutdown and interest rates
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.