Mortgage Rates Dip On Partial Shutdown

wochit business
October 03, 2013 AT 2:20 PM
While the shutdown may have a "minimal" impact on mortgage rates immediately, a potential U.S. debt default and market expectations for when the Federal Reserve may begin tapering the pace of its monthly bond purchases will be more consequential, said Jed Kolko, chief economist for Trulia, a real estate website. UnemploymentFewer claims than expectedFewer Americans than forecast filed applications for unemployment benefits last week, indicating U.S. employers were maintaining staff counts in the days leading up to the government shutdown. manufacturingHits at United TechnologiesUnited Technologies, a supplier of helicopters and jet engines to the U.S. military, said an extended government shutdown would force furloughs of as many as 5,000 workers.