By | The Exchange – 14 hours ago

The Exchange

3 Upsides to the Government Shutdown

By | The Exchange – 14 hours ago

So far, the government shutdown has left babies without formula, military families without death benefits, home owners locked out of their properties, investors increasingly worried about a financial meltdown and animal lovers deprived of streaming panda video. In our peculiar, looking-glass economy, however, unhappy developments sometimes generate unexpected benefits. Here are three ways ordinary people stand to gain from the gridlock in Washington:

Lower mortgage rates. A month ago, the average mortgage rate on a fixed, 30-year loan was 4.57%, according to Freddie Mac. That has since fallen to about 4.2%, reversing part of a summer run-up that pushed mortgage rates to the highest levels of the year and threatened to choke off the nascent housing recovery.

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