http://www.msn.com/en-us/money/realestate/1-million-plus-more-homeowners-can-benefit-from-refi-post-brexit/ar-BBv6zae
One good thing for us! Yet brokers are having a hard time keeping up so make sure you find a good one (or I can recommend someone) that will get it done for you.
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.
While mortgage applications to refinance are high, purchase application volume is not getting quite the same boost from lower rates; higher home prices are offsetting the savings.
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