It’s good news for home buyers, who might have been jittery a few weeks back when interest rates spiked upward (though they were still pretty low!) E. Scott Reckard of the LA Times writes, “Here’s one clear effect of the government shutdown: Mortgage rates have tumbled to their lowest level since spring. Freddie Mac said Thursday that lenders were offering the 30-year loan early this week at an average 4.13%, down from 4.28% last week.” Read Reckard’s full story, here.
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Graphic courtesy of Freddie Mac.