The government shutdown, although many thought was going to definitely spike up and down the interest rates of mortgages and the entire country’s economic system did not budge at all at first. The mortgage rates stayed at about %4.28 which was a shocker for everyone who was keeping up with the shenanigans that was taking place in Washington DC. After a few calm weeks, a down trend began and it has been lasting week after week without any news that seems to be of any kind of upset. The government facing a default was not something any American was worrying about when the bond buying program began but here we are on the verge of losing our economic system as we know it. Fortunately, we have sites like LendingExpertBlog.com to get financial advice.
Everybody in the world knows the consequences of the US government defaulting on their debts. Global financial chaos according to all mainstream and underground media news confirmed at $99 with the US not paying back their debts. The entire trade system began revolving around the United States while its development and got nothing but stronger over time with new countries working together with the US to ensure products keep getting delivered all over the world. What do interest rates have to do with the government a lot may ask, and why isn’t it completely the economists and experts working for the federal government keeping those interest rates low to keep the country afloat and help Americans get out of banks mercy and mortgages.
The low interest rates may be drawing a lot more than real estate agents to buying those homes and helping the economy grow by picking up all the houses on the market with the prices so low. That decrease in interest rates may not last long as it never does, and with that comes the rush in choosing what your real estate plan is. Getting in the housing market requires a constant attention to the current interest rates on 15 and 30 year mortgages. Being financially prepared and having some cash saved up for your down payment may result in a large payoff after interest rates spike back up and the housing market recovers its hot high prices.
Studying the real estate market and looking into the best deals is the biggest reward you can achieve with the housing market, because with each new house you find that comes with a low interest rate comes a huge return value when the prices go back up.