Here’s How The Brexit Could Impact The U.S. Housing Market

While most Americans don’t particularly care whether or not Britain is part of Europe, they do care about the U.S. housing market and mortgage rates.

If you are wondering if the Brexit vote could impact either, it already has. Uncertainty surrounding the Brexit vote was likely one of the main drivers behind the Federal Reserve’s decision not to raise U.S. interest rates in June.

But there’s another way that the Brexit vote could indirectly boost the U.S. housing market.

“[The] isolationist move will cause many wealthy foreigners to consider selling their properties in [the] UK, especially in London as it becomes [a] less attractive place to set up offices to conduct global business,” National Association of Realtors chief economist Lawrence Yun says. “Therefore, demand for U.S. real estate could rise if global investors view America as open to global business.”

Analysts also expect money to flow out of the U.K. bond market and into U.S. Treasuries.

Detroit-based mortgage company Quicken Loans says it saw a 30 percent increase in traffic to its Rocket Mortgage site as news of the Brexit and its impact on U.S. treasury bonds reached U.S. consumers.

“While the equity markets were down, interest rates dipped to a three year low today on the Brexit news,” said Regis Hadiaris, Rocket Mortgage Product Lead. “The first place people typically go when they hear news like this is online. That’s exactly what we were seeing today with our Rocket Mortgage activity. People want to check rates quickly and easily and then lock in fast before they edge back up. Speed is…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!