For American consumers there's a bit of economic silver-lining in the United Kingdom's vote to exit the European Union last month: Lower mortgage rates.
In the week after Brexit, the interest rate on 30-year fixed mortgages fell to their lowest levels in more than 3 years. And that spurred a boom in mortgage applications that, experts expect, will continue.
Spencer Cullen is a loan originator for CRM Lending in Tysons Corner, Va. Since the Brexit vote, he's seen business increase 60 percent to 70 percent.