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A quick update on how the government shutdown is affecting the mortgage world — and what it could mean for your loan process. Let’s break it down: 🌀 National Flood Insurance Program (NFIP) The National Flood Insurance Program is currently paused. That means if the home you’re buying is in a FEMA-designated flood zone , new flood insurance policies can’t be issued right now. This could stall closings unless your lender accepts eligible private flood insurance instead. Pro

When the Federal Reserve makes a move, the housing market pays attention. Today, the Fed announced a  quarter-percent cut to the Federal Funds Rate . This is big news that has many people wondering what it means for mortgage rates. Let’s break it down in simple terms. What Is the Federal Funds Rate? The Federal Funds Rate is the interest rate banks charge each other for overnight loans. While it doesn’t directly set mortgage rates, it strongly influences them. When the Fed lo