Tallahassee Real Estate Blog

More and more Tallahassee real estate buyers are asking if the debt ceiling debate could spark a rise in mortgage rates.  Many real estate blogs, and financial blogs are asking the same question.

The answer is no one knows for sure, but it's certainly possible. Why?  The reasoning goes that if the U.S. fails to raise the debt ceiling, it will default on its debts like U.S.Treasuries.  Investors would flee these investments.  Treasury prices would drop, their yields would have to rise, and mortgage rates, which closely follow Treasuries, would also rise.

If you're concerned about your mortgage for a Tallahassee home you're about to close on, please call your loan officer... it might be a good time to loack that rate, and remove the worry about what might come in the next few weeks.

Call us - we'll find your best Tallahassee home - 850.329.0050