How Brexit Will Affect US Mortgage Rates

Dated: 06/28/2016

Views: 203

The Beatles invasion. Brexit. Both events had and will have a profound affect on America.


How will Brexit affect Las Vegas homeowners, buyers and sellers? Economists like Greg McBride of Bankrate predicts US mortgage rates will sink to new lows now that Britain is leaving the European Union.


So how low is low? In May the 30-year fixed rate hovered around 3.7 percent. I'm guessing  rates will fall to 3.6 or 3.5 percent. Maybe lower.


The same economists predict rates will rise after things shake out and hit 4 percent or higher maybe by November.


Of course, if economists really knew what they were talking about, they would be investors richer than Warren Buffet. Still, I think their advice is worth heeding.


If you are thinking about buying a home, do it now if you are not paying cash! If you are considering refinancing, ditto.


Sellers, put your home on the market ASAP. We have low inventory in Las Vegas. There soon will be a horde of savvy financial buyers!

Image result for union jack photo((hugs)) BETH Ellyn

THE Las Vegas Real Estate Concierge

State Managing Broker, Nevada

702.758.4318  Talk. Text. SMS. Video chat.

[email protected]  Google Hangouts

@yale1974 Twitter

Las Vegas Propportunities  Facebook Business Page


BA: Yale

MS: Columbia

MBA: L'ecole du Hard Knocks

Licensed in Nevada since 1996: I have previous!

When competence AND creativity matter!


Blog author image

Beth Ellyn Rosenthal

I like to be a pioneer.I I am the founding state broker for Nevada for eXp. I am agent 61 out of over 15,000 now. I was in the first class of women to graduate from Yale. I've had my real estate licen....

Latest Blog Posts

Las Vegas Condos_Townhomes <$200K

Would you be interested in a list of Condos/Townhomes in the Las Vegas area less than <$200K?Please contact me at 951-491-4121 or email me at [email protected]

Read More

Rent or Own

I recently met someone who helped with 120 rental units. I was amazed to find out the standard rent there is $1700/mo.  I quickly realized the tenants are paying someone's mortgage!  

Read More

CONTACT ME.

I hope you're finding ExpRealty Website useful for your home search. Between the technology at your fingertips and my local knowledge, you have a lot of great resources for finding the home meant

Read More

REAL ESTATE AGENT

I am excited to be your real estate agent and to help you accomplish your home buying and selling goals. I take pride in providing my clients with outstanding service through my commitment

Read More