Last week, Brexit stirred up a selloff that decimated a record $3 trillion from the global stock market. What does that mean, and how can it help you save money with your mortgage?
In a nutshell, U.K.’s decision to separate from the European Union spurred many investors to find a safe haven for their money, and many did so in the U.S. 10-year Treasury. This surge in the purchase of Treasury bonds has driven both the 15- and 30-year mortgage rates down to their lowest levels in more than 3 years.
Do yourself a favor and call us for a free rate quote. We are not the “salesy” type and will let you know whether a refinance with a rock-bottom, historically low interest rate is something you should consider. By acting soon, it means you may be able to save thousands of dollars.