SIOUX FALLS, S.D. (Dakota News Now) – The government shutdown in Washington continues to have ripple effects across the country. Mortgage rates have been changing and leaving an impact in South Dakota’s housing market.
Average rates still vary by loan term length, but they’ve been trending slightly down. They were in the low seven percent and low-to-mid six percent range in January, according to data from the Mortgage Bankers Association.
Now, they sit at the low six percent and mid five percent range. The government shutdown is a large factor in this recent dip…