Recent Government Activity And Its Effect On Mortgage Interest Rates
Mortgage rates typically are tied more to the yields on the 10-year Treasury note more than any other indicator. With the government in flux as the shutdown happened and ended, mortgage rates are also changing. Overall, mortgage rates have decreased because of a lack of confidence in the government's ability to get its finances under control. Although rates spiked in September when the Fed hinted that they would not be purchasing as many bonds, they quickly released an announcement that they would actually be maintaining their current purchasing habits. The Time Is Ripe For Homeowners Since then, mortgage interest rates…