Brexit Curbs U.S. Mortgage Rates

    The Federal Reserve System (The Fed) is the central banking system of the United States aimed to control our monetary system, which includes responding to global uncertainties. Focusing on short-term impacts, aside from the macro economic impacts on trade, the Fed’s response to Brexit on finance and banking will result in lower interest rates. As investors seek the safety of U.S. securities, the push from the Fed will have interest rates down. In other words, this means it will be easier to borrow as the British Pound takes a hit after Brexit.

    According to an article in the Washington Post, “How Brexit could push mortgage rates to historic lows,” Greg McBride, chief financial analyst at Bankrate, said rates could sink to record lows in the coming weeks.

    “If you’re a borrower, don’t wait to lock your rate,” he said, “as this opportunity may not last long.”In short, if you are currently looking to by a house, long-term interest rates have a direct effect on mortgage lending and should keep mortgage rates at an all time low.

    In short, if you are currently looking to by a house, long-term interest rates have a direct effect on mortgage lending and should keep mortgage rates at an all time low.

    Start your search today! www.www.www.janetjurich.com

    Trackback from your site.

    Leave a Reply