“Brexit” and Real Estate

Green Escrow | Real Estate News

A month ago we looked how Britain’s decision to exit the European Union might influence U.S. interest rates. Now many analysts believe that the US real estate market could see a short-term influx of investors was a safe haven, further pushing up the dollar and lowering interest rates.

Commercial real estate could also see a boost as global corporations remain uncertain as to the current viability of the U.K. as a place to locate their businesses.

Long-term, however, most experts see the continuing uncertainty of the British situation as weekending the global economy which could have a negative effect on U.S. jobs, income, and consumer confidence.

“Brexit” and Interest Rates

Green Escrow | Real Estate News

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.