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How the Government Shutdown Impacts New Mortgages

October 14, 2013

Hey, it’s Monday, let’s talk about politics!

Just kidding! I assume you are not looking to Excellence @ Home for news, thank goodness. But real estate? Let’s talk about that.

The current government shutdown will impact new mortgages, but if you’re in the process of getting approved, or if you’re considering buying a home, no need to freak out. In fact, one of the results of this whole thing may be the low mortgage rates we’re enjoying right now, since rates usually follow the economy.

Realtor.com outlines all the major effects of the shutdown for folks applying for mortgages. I found it really helpful–you should check it out!

Image, US Capitol Watercolor, $250

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