The Brexit impact is real: Refis jump to 18-month high

Screen Shot 2016-07-06 at 7.06.26 AM30-year conforming loans hit lowest level in more than 3 years

By Brenna Swanson | HousingWire

Brexit’s impact on mortgage applications is in and looks like borrowers cashed in on the ultra-low interest rates.

Refinance applications have fluctuated for a lot of this year, bringing out headlines ranging from “MBA: Refinance once again drives mortgage applications” to “MBA: Purchase apps rise as refi apps fade.”

Last week’s mortgage application news nderwhelmed in the immediate aftermath of Brexit, with applications posting a drop for the week. It seemed like Brexit did nothing to spur people into homeownership, that’s until this week’s news came out.

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