{"id":705,"date":"2012-12-31T20:34:32","date_gmt":"2012-12-31T20:34:32","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=705"},"modified":"2013-09-06T21:06:10","modified_gmt":"2013-09-06T21:06:10","slug":"the-fiscal-cliff-and-mortgage-rates","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/the-fiscal-cliff-and-mortgage-rates\/","title":{"rendered":"THE FISCAL CLIFF AND MORTGAGE RATES"},"content":{"rendered":"

\"An<\/a>EXPERTS CONCERNED ON WHAT FISCAL CLIFF MEANS FOR MORTGAGR RATES<\/h1>\n

We can\u2019t get through the end of the year without more drama coming from Washington and there more financial market drama.\u00a0 The talk of the Fiscal Cliff has put shock waves in the markets and caused much uncertainty.\u00a0 Whenever there is financial uncertainty rates start to spike almost uncontrollable up or down.\u00a0 The low rates that we have all enjoyed have really help spearhead our countries way back from the Great Recession.<\/p>\n

Our housing market is one of the pillars to our economy.\u00a0 Housing is a huge industry employing many people and the stronger it is the more people are working.\u00a0 Some are afraid that there may be job layoffs if the mortgage market slows down.\u00a0 House values may also take a plunge if higher rates force potential homeowners to stop buying.\u00a0 This affects our countries overall wealth because as we all know one of the best way to build wealth is to buy a house.\u00a0 If our home prices go down as well that could really hurt the consumers overall outlook toward the economy which is dangerous.\u00a0 There are already signs all this Fiscal Cliff talk may be slowing the housing market.<\/p>\n

All experst seem to agree that the Fiscal Cliff will have some type of impact on rates.\u00a0 What that impact will be is still be studied.\u00a0 Keep vigilant if you are in the middle of a home loan.\u00a0 Don\u2019t allow your interest rate to go up and not be propared.<\/p>\n

You may want to think today about Locking in your rate for the future!<\/h2>\n

Call the professional at Riverbank Finance today to go over your loan details.\u00a0 We would love to help you figure out your best options and go over your personal rate today 800-555-2098!<\/h4>\n\n
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