This week has been quite an eventful one for the real estate and mortgage market (and not to mention the government). Let’s hope things get back on track next week.
Here are my top news stories for this week:
The government shutdown could affect the mortgage market in more ways than expected, maybe even bringing it to a halt.
There’s also been talk of the 30-year mortgage disappearing, but experts are pretty confident that it’s here to stay.
If foreclosures weren’t scary enough before, the rise of “vampire” foreclosures have the potential to cause more problems in the housing sector.
And lastly, Freddie Mac has reported that mortgage rates are falling back to pre-summer levels, which is good news for home buyers.