Lions and tigers and bears, oh my!
Oil just hit a high of $111 per barrel.
Gold just hit an all time high of $1,472 per ounce.
US Debt is just about to hit the ceiling of $14.3 TRILLION and a government shut-down seems inevitable. If so, even if “only” over the weekend, expect rates to spike HIGHER.
Ponder these mortgage points as well…
- No IRS Transcript requests (4506-T) will be processed (no loans can be funded)
- No USDA loan Certifications (no USDA loans can be funded)
- No VA or FHA Case #’s can be ordered (no files can be processed)
- What if employees are the Federal Reserve are put on hayatis? (loan fundings may be delayed).
Mind boggling! Hang on, it’s going to be a bumpy weekend (and week to come?)…
Todd Abelson, Licensed Mortgage Professional, 520-331-LEND