Tag Archives: Britain

Money Monday: Brexit and U.S. Homebuyers

Why Brexit is great news for U.S. homebuyers

“It’s now even cheaper to get a mortgage.

“The average rate of a 30-year fixed mortgage dropped to 3.48% — the lowest level since May 2013, according to Freddie Mac. A year ago, the rate was 4.08%.

“The drop comes in the wake of the U.K.’s decision to leave the European Union. The historic vote sent the yield on the U.S. 10-year Treasury, which serves as benchmark for consumer loans, tumbling to 1.45% this week…”

Read more of this article from CNN Money here: “Why Brexit is great news for U.S. homebuyers“.