Brexit Drops Mortgage Rates to Historic Lows
Last week, the United Kingdom voted
to leave its place in the European Union. Because of Thursday’s Brexit vote, we
anticipated mortgage rates could drop to historic lows. Today we can confirm mortgage rates dropped about
one-eighth of a point after the financial commotion overseas. With interest
rates already at three-year lows, this affords to you a great opportunity to
refinance or purchase a home.
Brexit has created aftershocks to
the global economy, many of which we have witnessed over the weekend and will
likely continue to see. The stock market took a major hit, the pound
depreciated in value and investors are moving their money to alternative
opportunities.
Today’s Rates
|
5-Year ARM
|
2.625% (future adjustments)
|
3.442% APR
|
|
30-Year Fixed
|
3.375%
|
3.639% APR
|
|
15-Year Fixed
|
2.625%
|
3.072% APR
|
|
VA 30-Year Fixed
|
3.25%
|
3.422% APR
|
|
VA 5/1 ARM (1/1/5)
|
2.75% (future adjustments)
|
2.789% APR
|
Call me to discuss purchasing a new home with these low rates or refinancing your existing home!
Stacy Sheeley
Realty One Group - Summerlin
O: 702-898-1221
C: 702.292-9064
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