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Boom! Brexit Hits Home. Here’s What You Need to Know

Boom! Brexit Hits Home. Here’s What You Need to Know

On June 23, the U.K. voted to sever its economic and political union with Europe after a quarter century. The British exit—Brexit— came as a great surprise, shaking financial markets and lowering the outlook for economic growth in[...]
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Mortgage Rates: A New Three-Year Low as Brexit Looms

Mortgage rates fell for the second week, averaging 3.54 percent, down from 3.60 percent. A year ago at this time, a 30-year, fixed-rate home loan was 4.0 percent, according to Freddie Mac.   That’s not far from a historic low. Home loans[...]
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Housing Demand Fell 5 Percent in May

The Redfin Housing Demand Index fell 5.3 percent to 114 in May, the sixth-consecutive month of year-over-year declines. Early stage demand remained strong, with the number of Redfin customers requesting tours up 17.7 percent year over[...]
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Mortgage Rates: Borrowing is Cheap And Likely To Stay That Way

Mortgage rates were little changed, averaging 3.56 percent from from 3.54 percent a week earlier. A year ago, a 30-year, fixed-rate home loan was 4.02 percent, according to Freddie Mac.   It can’t be said enough — home loans are[...]
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Mortgage Rates: A New Low For 2016. Thanks, Brexit!

Mortgage rates hit a new low for the year, falling to 3.48 percent after Britain voted for a divorce from Europe. Last week, the average 30-year fixed-rate loan was 3.56 percent, according to Freddie Mac. A year ago it was above 4[...]
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