Sorry, you need to enable javascript to visit this www.knowyouroptions.com.

URGENT NOTICE: Hurricane Relief Available for Affected Homeowners. Learn More ›

Brexit Tests Investors’ Nerves, But Also Prompts New Refinancing Demand

Jul 29 2016

In the immediate aftermath of the United Kingdom’s surprising vote to leave the European Union (EU), it looked to many financial market observers that the sky was starting to fall.

Britain’s exit (the Brexit) decision did in fact roil the U.S. financial markets for a few days, and it has added some uncertainty for investors. But by and large, the historic event is unlikely to alter the U.S. economic landscape — at least for the second half of this year — according to Fannie Mae’s Economic & Strategic Research (ESR) group.

“Financial volatility resulting from Brexit has created some uncertainty among investors,” says Fannie Mae Chief Economist Doug Duncan. The fallout includes a sharp drop in yields on government bonds, a flattening in Treasury yield curves, and depreciation of the Chinese Yuan against the dollar.

Effect on the Mortgage Industry

But the Brexit referendum, if anything, may lend the domestic mortgage market a few extra days of sunshine for the balance of the year. That’s because it has taken some of the wind out of Federal Reserve’s plans to gradually increase interest rates.

Beware of Scams

Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.
 

Find out more »

FAQs

Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

Find out more »

Glossary

Visit our glossary of key terms to increase your understanding of the foreclosure options available.
 

Find out more »