Impact of Government Shutdown on Mortgage Interest Rates
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Anonymous
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I am federal employee. And I am about to refinance, wondering if I should lock-in now or wait. Any feedback/commentary on the subject? |
Anonymous
| No one can answer this for you, because no one has a crystal ball to know how long a shutdown might last, and what kind of deal would be struck to end the shutdown. Most likely, though, unless something about the final deal has a significant impact on banking/real estate market dynamics, it's unlikely to have any meaningful impact on mortgage rates. |
Anonymous
| what shutdown? |
Anonymous
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I would be more concerned about if a shutdown causes you to miss a paycheck, will it affect your refi?
I bought a house and was going through closing during the last shutdown and it held up our paperwork by a week. The rates did not fluctuate much. I think it was about .25%. I know that can be a lot on some of the mortgages around the DMV. |
Anonymous
In the event one happens. Which Trump threatened the other day. I doubt it will happen -- but obviously OP is concerned. |
Anonymous
| R's control everything, a shutdown would be humiliating. No way it happens. |
Anonymous
Well, when you put it like that, it seems almost inevitable. |
Anonymous
The tea party wing of the party is immune to shame. |