brexit vote: What Brexit Means to the U.S. Economy - Lower Mortgage Rates Possible - 06/24/16 01:39 AM
Interest rates already are very low. In June 2016, 30-year fixed-rate mortgages have stayed around 3.7 percent, nearly a three-year low. Now there is a strong possibility that rates will go even lower because Britain has voted to leave the European Union.
 
International concerns, particularly slowing growth in China and the European Union, have played a major role in driving down mortgage rates. 30, 20, even 10 years ago, international issues did not impact US mortgage rates as they do now. 
 
As the Washington Post noted today, international and domestic investors impact mortgage interest rates through the mortgage-backed security market. Because these securities are considered relatively stable, … (13 comments)

 
Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties)

Lise Howe

Assoc. Broker in DC, MD, VA and attorney in DC

Washington, DC

More about me…

Keller Williams Capital Properties

Address: 7161 Woodmont Ave, Bethesda, MD, 20815

Office: (240) 401-5577

Mobile: (240) 401-5577

As an full time and very active Realtor in the DC metro area, I love to write about the DC market, special communities within the market, and new listings, and to connect with other agents in ActiveRain on ways to improve our service to the public and our marketing abilities.


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