BREXIT and Real Estate
Keeping up with current world events, BREXIT has sent a bit of a shockwave to many across the world. The impact has initially caused stock market prices to fall and the strength of the British pound has dropped significantly.
In terms of the real estate market, the price of mortgage rates are loosely tied to price 10 year US treasury. The mortgage rates are close to the historical low. 30 year fixed mortgages are down to 3.25% and ARM product are lower than 3%.
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