UK Votes to Exit – rates drop

A shocking British vote to exit the European Union sent both stocks and mortgage rates
1/8 (0.125%) lower today. This affects the US because the UK exit will cause global
financial uncertainty which should benefit bonds and push rates lower. As a result, the
rates went down and hopefully they will remain that way for a while.

The lower the rates, the bigger house you can buy with the same monthly payment. This
means you can buy a bigger or better house!


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