November 22, 2024 2:48 pm
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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.

Continued:

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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.