I think no matter what happens with the debt ceiling, rates will be headed upward. If an agreement happens on the debt ceiling, then the Federal Reserve will start not buying bonds, which will make long term mortgage rates go higher. If no agreement is reached on the debt ceiling, then rates will go up because of that. My recommendation is to lock in now.
Please know this is a personal opinion and you might have a different view. Right now rates are down slightly, which makes it a good time to lock in for your home loan.
Submitted October 8, 2013
For more information on
mortgage rates for your home loan,
I can be contacted at:
Dependable Mortgage Co.
Rhonda Sherman, Owner
License # 100008357 NMLS # 381084
145 Grand Avenue, Suite B
Grand Junction, CO 81501
Office: (970) 257-1502 or Cell: (970) 250-8613
Website: Dependable Mortgage Co.
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An Equal Housing Lender