“Brexit” and Interest Rates

Now that “Brexit” is an historical fact, many analysts see the possibility for interest rates to sink to record lows in the coming weeks. Currently 30-year fixed-rates on home loans are near 3.7 percent. While there may be a brief dip soon, some experts predict rates will continue the upward trend to near 4 percent by the year’s end.

Other analysts argue that the Britain’s exit from the European Union may have a longer-term impact on Treasury rates.

Either way, homeowners interested in refinancing will see “Brexit” as beneficial to their efforts, at least in ther short-term.

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