Brexit was an unfortunate decision, but it actually has helped our housing market out. Investors have been putting their money in safer places, including the U.S. housing market.
It’s never nice to profit from your neighbor’s troubles, but in some cases you just can’t help it. Earlier this summer, the U.K. voted to leave the E.U. in what has been called the “Brexit.”
This decision caused a lot of confusion and worry in investor markets, so many of them decided to find other safe havens in which to put their money. One of these places is the U.S. housing market. This has allowed our interest rates to remain at historically low levels. We are actually now in the second-longest run of low rates in our country’s history.
Right now, if you lock in a fixed-rate mortgage, you will end up paying less for that house long term.
If you’re interested in taking advantage of these rates, give us a call or send us an email. We would love to schedule a buyer consultation to walk you through these steps and help you decide whether now is the time for you to buy. We look forward to hearing from you soon!