Brexit profoundly affected the U.S. mortgage rate market.
Here?s why: mortgage-backed securities (MBS) are a perceived safe investment. These bonds determine the rise and fall of mortgage rates.
Those who manage money -- from institutional investors to private individuals -- want to protect assets.
In times of uncertainty, investors flock to ?safe? investments, driving up demand. Ultra-high demand for MBS drives down consumer mortgage rates.
In other words, U.S. mortgage consumers are the unlikely beneficiaries of global uncertainty.
And things don?t get much more uncertain than the situation in the eurozone right now.
There?s simply no precedent for Britain?s move out of the EU, a 28-country bloc originally formed to unify a region, and simplify political and economic policies across borders.
Member countries have only joined; Britain is the first to leave. Its exit may spur other members to de-couple from the consortium, causing a domino effect that destabilizes the region.
This is only conjecture, but the point is, investors are piling into time-proven assets, such as U.S. mortgage bonds.
Mortgage rates are now approaching all-time lows, after recently shattering levels not seen in three years.
Get a rate quote today, since we don?t know what long-lasting effect ?Brexit? will have in the markets. Rates could rise if the situation in Europe improves.
Lock a loan while rates are still low.
BBB A+
Apply on line:http://www.visionquestlending.com/free-quote/
Sincerely,
Tony Nguyen | NMLS#93776
Vision Quest Lending | 2860 Michelle Drive, Suite 140, Irvine, CA 92606
Direct 714-464-8042 | 877-318-0992 x6502 | Fax 866-394-9352
Email | tony@vqlending.com
Website | www.visionquestlending.com
Here?s why: mortgage-backed securities (MBS) are a perceived safe investment. These bonds determine the rise and fall of mortgage rates.
Those who manage money -- from institutional investors to private individuals -- want to protect assets.
In times of uncertainty, investors flock to ?safe? investments, driving up demand. Ultra-high demand for MBS drives down consumer mortgage rates.
In other words, U.S. mortgage consumers are the unlikely beneficiaries of global uncertainty.
And things don?t get much more uncertain than the situation in the eurozone right now.
There?s simply no precedent for Britain?s move out of the EU, a 28-country bloc originally formed to unify a region, and simplify political and economic policies across borders.
Member countries have only joined; Britain is the first to leave. Its exit may spur other members to de-couple from the consortium, causing a domino effect that destabilizes the region.
This is only conjecture, but the point is, investors are piling into time-proven assets, such as U.S. mortgage bonds.
Mortgage rates are now approaching all-time lows, after recently shattering levels not seen in three years.
Get a rate quote today, since we don?t know what long-lasting effect ?Brexit? will have in the markets. Rates could rise if the situation in Europe improves.
Lock a loan while rates are still low.
BBB A+
Apply on line:http://www.visionquestlending.com/free-quote/
Sincerely,
Tony Nguyen | NMLS#93776
Vision Quest Lending | 2860 Michelle Drive, Suite 140, Irvine, CA 92606
Direct 714-464-8042 | 877-318-0992 x6502 | Fax 866-394-9352
Email | tony@vqlending.com
Website | www.visionquestlending.com
