BREXIT and Interest Rates

Since voters in the UK decided last week to exit the European Union interest rates have dropped. Markets worldwide were caught off guard by the vote and in the following days a flurry of investors sold stocks and moved their money into to the safety of U.S. Treasury Bonds – driving mortgage rates down.

As of right now, 30 year fixed-rate mortgages are hovering around 3.5% while the rates on a 15 year fixed-rate mortgage are hovering around 2.85%.

Even though some experts predict that rates could drop even more, it would be wise to lock in these low rates now. The effect of the Brexit vote on long term interest rates is still unclear. As investors regain their confidence in the market or see opportunities to purchase undervalued stocks, it is expected that they will sell their Treasury Bonds and move their money back to stocks which then typically leads to higher interest rates.

If you or someone you know is thinking about buying, selling, or refinancing, now is a great time to make a move. Give us a call today so that we can help you take advantage of a great market.

We want to help you get a mortgage! I am available to answer your questions and to review your situation whether it be to buy, plan for future or refinance !

Go to my web page and start  the loan process http://www.emortgageservices.net/val/

Valerie Oliver

181 2nd Avenue #218 San Mateo, CA 94401

(650) 773-0247

NMLS: 483490 Cal BRE 00935469

 

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About valoliver

I was born in San Francisco, raised in San Mateo. I have three children. I have been in the Mortgage industry for over 30 years.
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