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Tag Archives: Brexit

Rates experience a Brexit retreat

  “The British are coming! The British are coming!” Those are the immortal words that Paul Revere’s called out in 1775 as the British troops were coming arrest Samuel Adams and John Hancock. But in 2016, the British are leaving, the British are leaving. Leaving the European Union. The Brexit vote that occurred in June surprised many in the financial services industry, with experts anticipating a vote that would leave Britain in the European Union. This spooked the equity market, triggering a 900-point drop in the two days after the vote. But the equity market’s loss was the mortgage market’s ...

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