The government shutdown means we did not see an updated Jobs Report for last month, and markets aren’t moving too much one way or the other. Last week CoreLogic reported a 12% increase in their year-over-year Home Price Index, which is continued good news for housing.
Despite the shutdown, most lenders are still processing and CLOSING all types of mortgages – including FHA/VA and Conventional Loans.
Bottom Line for Mortgages
Mortgage rates are holding steady with all the uncertainty. This week’s release of the minutes from the last Fed meeting may cause rates to move a bit.