Great Britain’s exit from the European Union has resulted in billions of dollars flowing out of foreign currencies into United States Treasuries and Mortgage-Backed Securities (MBS).
Why does this matter to you?
When money flows into the MBS Market, this investing drives down mortgage rates. And rates are again at historic lows.
These historically low mortgage rates are creating tremendous opportunities for people to purchase homes, purchase investment properties, and refinance their existing mortgages. In fact, even if your current mortgage rate is in the fours, it may still be worthwhile to refinance!
Call me today to discuss how you may take advantage of these opportunities!
Warren Goldberg is President of Mortgage Wealth Advisors, a Certified Mortgage Planning Specialist®, and a published author. His interviews include Blog-Talk Radio, Newsday, The Daily News, Anton Press, and the Long Island Herald. Since 1992, he’s been sharing his financial knowledge and wealth-building strategies, including how to properly use your mortgage as a financial tool. His clients regularly express their trust and appreciation by recommending friends and family call when in need of mortgage, real estate, and financial guidance.