we heard on this issue for weeks. The British are leaving (Brexit) or stay in the European Union? This week, the United Kingdom voted to leave the European Union. Here are the implications for mortgage rates and how you can benefit.
early Friday morning, the citizens of the United Kingdom voted to leave the European Union. In the last 24 hours, one significant turbulence in the financial markets, as the fate of one of the largest economies in the world market is up in the air. You can't watch your 401 (k) today, but in this period of crisis, it comes great opportunity to refinance or buy a home with a low interest rate.
interest rates are currently at low levels for three years. With the uncertainty that comes with the Brexit, the stock market takes a significant success. This will push investors to acquire more bonds, which are seen as safer than stocks. And as that happens, bond increase prices and interest rates are expected to go down.
how this affects you
this is a great opportunity for those in the market for a mortgage loan. The decrease in the rate, you can potentially save thousands of dollars over the term of your loan. there is no better time to go forward with a mortgage now.
opportunity and urgency
with the chaos in the financial markets and the decline in stock prices, it's easy to panic. But when the opportunity strikes, keep a cool head and find out current rates now!