The federal government shut down just after midnight Friday after Congress could not agree on how to fund government. "The TSA will continue to provide the rigorous security it always does if there is a partial government shutdown," TSA said in a statement.
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As the shutdown drags on, even more mortgage applications could be derailed. “The first day we weren’t too concerned, but now we are a week in and procedural issues are starting to affect more. And.
Mortgage brokers do the legwork in tracking down and setting up the best home loan for you. A mortgage broker is a financial adviser who specialises in finding home loans for their clients. Should they receive a high number of enquiries on your behalf, this will raise a red flag and affect your rating.
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Mortgage lender Jennifer Moghadam, with Mortgage Trust, said many people have been concerned about how the shutdown will impact them. The only one it would it really affect is if they didn’t have money at all and really needed the 100 percent financing. We can still issue the pre-approval, but all.
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Congress failed to reach a budget deal for the new fiscal year, causing a partial government shutdown for the first time in 17 years. The impact on mortgage rates was surprisingly small, though. The reduced number of economic reports released this week also caused little reaction.
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