Brexit Responsible for More Home Sales in US

Excellent time to go to the bank and get a loan for your new property because Brexit is driving the low interest rates even lower! Loan applications jumped 14% which is 66% higher than this time in 2015. If you have been waiting for the right time, this might be it. "Mortgage rates have been low for years, but the impact of Brexit has brought us close to record lows once again, with jumbo rates already at their lowest levels, giving more borrowers a larger incentive to refinance," says Mike Fratantoni, Mortgage Bankers Association's chief economist. The average 30-year fixed-rate mortgage dropped to 3.66 percent last week, the lowest level since May 2013, MBA reported. The 30-year fixed-rate mortgage on jumbo loans — usually considered to be mortgages with balances of more than $417,000 — dropped to 3.67 percent, the lowest level since January 2011. Call Lake Hickory Realty, LLC for information to get started 828-396-5333.

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