Shockwaves from Great Britain’s vote to exit the European Union have rippled across financial markets, and markets are seeing a hike in the value of the dollar as investors seek safety in U.S. Treasurys. In turn, the so-called Brexit (Britain’s exit) could yield record low mortgage rates.
“At this point, it is unclear whether this will just be a short term disruption, or whether it will have a longer term impact,” Mortgage Bankers Association Economist Michael Fratantoni said.
This could be your chance to lock in one of the lowest mortgage rates we have ever seen.
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