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  What’s at stake: Mortgages requiring federal flood insurance will be more difficult to close during the shutdown, among other impacts.  Expert quote: For “financial services broadly, banks in particular, there are going to be disruptions.” — Brian Gardner, Stifel Financial Corp. Forward look: Extended shutdowns threaten federal worker pay and U.S. creditworthiness, potentially triggering […]

Key Insight: The Supreme Court postponed a decision on whether to strike down an injunction that allowed Federal Reserve Governor Lisa Cook to remain on the board while her lawsuit against the administration moves forward, allowing her to stay at the Fed at least until oral arguments are held in early 2026. Expert Quote: “The

A government shutdown arrived Wednesday due to an intense partisan divide in budget negotiations, prompting bond investor activity that could lower mortgage rates but otherwise challenge the housing market. Investors flooded further into the perceived safety of treasury bonds, putting downward pressure on rate-indicative yields as several government agencies pulled back “non-essential” services related to