The sharp drop in Treasury yields following the decision by the UK electorate to leave the European Union is unlikely to trigger an equivalent drop in mortgage rates. At the same time, with the impact on the US economy also limited, we doubt there will be any noticeable hit to housing demand. Accordingly, for now we see no reason to change our housing market forecasts as a result of Brexit.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services