Yesterday the United Kingdom voted to leave the European Union and today the markets around the world are reacting to the news with uncertainty. As we know, uncertainty for investors is never good and US markets are going to be effected as well. So what does Brexit mean for Orlando real estate? Well for the vacation home market this will probably be bad news as the dollar will become stronger against the pound so buyer’s from the UK will be less likely to purchase a new investment. In residential sales however, it may be cheaper for you to get a mortgage in the near future. As the dollar strengthens it becomes less expensive for US buyers to borrow money so it is a good idea to watch interest rates closely in the coming year.
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Read the Original Article Here: #Brexit: Here is the immediate impact on U.S. mortgage and housing finance