Brexit’s residential boon

Aug.August 18, 2016 05:25 PM

From the August Issue: When mortgage interest rates slide close to all-time lows — as they have since the Brexit vote — should one sit on the fence? Or pursue the financial opportunities that didn’t exist when rates were half a percentage point higher or more?

In July, according to Freddie Mac, 30-year fixed rates dropped to an average of 3.41 percent, just above the historic low of 3.31 percent set in November 2012. Fifteen-year fixed rates, popular with homeowners seeking to become mortgage-free faster, dropped to a stunning 2.74 percent. Five-year Treasury-indexed
“5-1” hybrid adjustables, which carry a fixed rate for the first 60 months then morph into one-year adjustables, hit 2.68 percent. [more]

Related Articles


Homeowners in deep: Across US, 1 in 11 mortgaged homes are “seriously underwater”

Small mortgages are increasingly hard to come by

Mortgage lenders are denying more small loan applicants, hurting homebuyers: report

Fast money: Lenders race to close on home mortgages

House tax bill contains early holiday gifts for homeowners

SoCal housing market is slowing but no crash in sight: economists

New options open for homeowners seeking a reverse mortgage

More borrowers faking their incomes, employment to buy homes

Hope is on the horizon for home buyers in gig economy