November 15, 2024 3:37 am
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

Brexit vote created free money for U.S. homeowners: Why banks can’t keep up

A drop in mortgage interest rates last month following the Brexit vote has borrowers rushing back to the bank, some hoping to cash in. Here's how.: Patrick T. Fallon | Bloomberg | Getty Images
A drop in mortgage interest rates last month following the Brexit vote has borrowers rushing back to the bank, some hoping to cash in. Here’s how.: Patrick T. Fallon | Bloomberg | Getty Images

Yahoo Finance

A drop in mortgage interest rates last month following the Brexit vote has borrowers rushing back to the bank, some hoping to cash in on their monthly mortgage payments and some hoping to cash out new-found home equity.

Whichever the case, lenders are trying, and in some cases failing, to keep up with the volume.

The decrease in interest rates after the late June Brexit vote meant 1.3 million more borrowers could benefit from a mortgage refinance, bringing the total to 8.7 million, according to a new report from Black Knight Financial Services. That is the highest number since 2012.

Continued:

Share this!

Additional Articles

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.