What Does the Congressional Super Committee Failure Mean for Mortgage Rates and Real Estate? 7594243599092533555-blid-2604551234679257208

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November 22, 2011 - As expected the Congressional Super Committee did not meet its deadline. What does this mean for mortgage rates in Texas and across the nation? The Dow has already started down as of yesterday and is continuing the same trend as of today, so far as of 11:00am the DOW is down almost a hundred points. Typically the 10-year bond drops shortly after the DOW goes down so we should see a dip in mortgage rates shortly. Being that rates are already rock bottom there is not much room to go down to much further so expect a drop of no more than.25 of point. What should we expect if their is to be a recovery?
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