US govt shutdown threatens housing rally

Loan approvals could be delayed, furloughs may crimp demand for homes

Thu, Oct 03, 2013 - 6:00 AM

[LOS ANGELES] A US government shutdown will immediately slow approval of thousands of mortgages.

If it lasts more than a week, it threatens housing and the broader US economic recovery.

Congress forced the first partial government closure in 17 years after failing to pass a budget

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