One outcome of Britain’s vote to leave the European Union last week has been lower mortgage interest rates here in the U.S., realtor.com reports. In the blog post, “Thanks, Brexit! Well-Qualified U.S. Buyers Reap a Windfall,” realtor.com Chief Economist Jonathan Smoke writes that the move has driven U.S. mortgage rates to their lowest levels in three years. Read more.
In other headlines:
Distressed-home sales drop to new post-bust low – Crain’s Chicago Business