Recapping the day's news and newsmakers through the lens of CNBC.
The stock market has shrugged off the government's partial shutdown, and many Americans apparently feel they can live without the 800,000 federal workers moved to the sidelines. But if you're shopping for a mortgage, you could find yourself shut out over the most prosaic issues: the need for verification of your Social Security number and tax return. And federal workers, even if still working, won't be able to prove their employment, a necessity for any loan.
A freeze on mortgage applications could mean some homebuyers won't get the home they want, and that some borrowers may miss out on today's low loan rates. A slowdown in home sales won't be good for the economy, either.
"What could happen is that our customers could be put in a hold status and then subject to interest rate gyrations that are very likely to occur between the time a government shuts down and reopens.
—David Zugheri of Envoy Mortgage.
"Some home-buying consumers are reluctant to buy because of the uncertainty. ... People are not especially comfortable making the biggest investment of their life when the government seems to be unable to solve important problems."
—Brad Hunter, chief economist at Metrostudy