Brexit What Could This Mean For The Orlando Housing Market

Brexit What Could This Mean For The Orlando Housing Market

Image titleBrexit : What could this mean for the Orlando housing market?.... 

At the end of June 2016 the citizens of the UK voted to leave the European Union after decades of membership .... there were many reasons behind this decision, and for the markets who had anticipated a 'Remain' vote it threw the global market into free-fall and confusion. However, as Chicken Little found out the sky did not fall down
The unexpected outcome of Brexit was to drive US mortgages DOWN as international investors look to America as a haven of investment safety.
In an article in U.S.NEWS,  Erin Lantz, Vice President of mortgages at real estate hub Zillow stated "When there's uncertainty outside of the U.S., investors move to safer investments. And in this particular case, we're seeing an interest in U.S. mortgage-backed securities,"
On the day after the Brexit vote investors globally poured cash into what they considered to be safe investments in order to shield themselves from international stock markets' monumental losses. Some invested in gold – sending prices skyrocketing – while others turned to the newer and generally more risky Bitcoin, while many investors funneled their capital into America's mortgage-backed securities market - this type of mortgage backed investment or bundle generally considered as a safe bet for both domestic and international investors.
Erin Lantz continued ... 
"When we see that demand, that in turn drives down the mortgage rates that consumers in the U.S. have access to," 

"What it means is that if you're a homebuyer looking at a $200,000 home and putting 20 percent down, your average savings today is about $15 per month less than they would have been yesterday," .....  it's "anyone's guess" where mortgage rates go from here but that "the increased uncertainty we have today is going to keep rates lower for longer."

So for foreign investors now may be the best time to look that Florida home to take advantage of the lower mortgage rates while they can.

I can help you with this process being a Brit living in Florida I understand both sides of 'the pond'.

Perhaps this home would be the one for you {mls: O5449225}

Call me on +1 407-287 2393 or email me on or to make the most of your investment.

Linda Sanders Headshot
Phone: 407-287-2393
Dated: August 1st 2016
Views: 212
About Linda: Co-owner of a multi-award winning property management company and award-winning REALTOR® I immig...

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