Brexit Offers Brief Opportunity to Lower Mortgage Interest Rates

July 18, 2016

  

       Brexit has created concerns for many American citizens, but amid the turmoil caused by Britain’s decision to leave the United Nations one positive benefit has emerged. Lower mortgage interest rates! Interest rates are nearing a three and a half year low since the Brexit decision was made in June (1). But what does that mean for you as a homeowner, or potential buyer?

 

Current Home Owners

 

       With interest rates lower than they have been in 3 years, this is the perfect opportunity to refinance. Save thousands over the life of your loan, lower your monthly payment, or get rid of mortgage insurance. Have you ever thought about taking money out to make some home improvements? No matter what you are looking for, these low rates make this a great time to act.

 

Potential Buyers

           

       What an exciting time to buy a home. Brexit has created a unique situation where you can afford about 10% more home, based on the purchase price (2), with the same income! Get that extra bedroom or a two car garage with the money you save from your lower interest payment.

 

The Bottom Line

 

       Brexit has created a short term opportunity for you to save thousands of dollars by locking in a historically low interest rate. You deserve to spend more on what really matters and less on your interest rate. Please call me at 435-755-2177 to see how you can save.

 

 

 

 

 

 

 

 

 

 

 

 

 

Jedd Fabricius

President

Loan Officer

NMLS: 82885

 

 

 

 

 

 

  

                       664 North Main Ste. 103

                              Logan, UT 84321

                                 435-755-2177

                                                NMLS: 3135

 

(1) - The Wall Street Journal

(2) - My Mortgage Insider

 

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