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Incline Village Home Loans and Incline Village Mortgage Loan Rates-October 9, 2013

Incline Village Mortgage Loans, Incline Village Mortgage Rates, Incline Village Home Loans, Incline Village Home Loan Rates, and Incline Village Mortgage Loan Rates:

Day 9 of the government shutdown as a deal hasn’t been reached in Congress.

The shutdown and the debt ceiling issues have cast a cloud of uncertainty over the U.S. capital markets. Stock prices are lower while Bond prices are trading near unchanged levels. The closely watched S&P 500 Index is down nearly 4.5% from its all-time closing high hit on September 18.

President Obama is set to nominate Federal Reserve Vice Chairwoman Janet Yellen to the top spot at the Fed to replace outgoing Chairman Ben Bernanke when he vacates the position in January. Ms. Yellen, 67, is currently holding the second highest ranking position at the Fed as Vice Chairwoman. If confirmed, Ms. Yellen would become the first woman to hold the top spot at the central bank in its 100-year history.

Americans may be paying more to heat their homes this winter, according to a report from the Energy Department. The department reported that more than 91% of homeowners across the nation will have higher heating costs this winter. The reason being that natural gas, electric and propane prices are expected to rise higher compared to last year.