Is the world on the verge of another major financial crisis? One billionaire warns that could very well be the case. Billionaire George Soros, one of the world’s most successful investors, says as the dollar surges and a capital flight ensues from emerging markets, the world could be facing another major financial crisis.

Mortgage rates finally moved above 3.5% for the first time in four months. According to Freddie Mac, mortgage rates finally recovered from the plummet they took after Brexit.

As it turns out, the United Kingdom’s decision to leave the European Union is quite the boon for U.S. mortgage originators, with a new report from the Urban Institute showing that mortgage originator profits rose sharply post-Brexit.

According to the Mortgage Bankers Association, refinance applications jumped more than 100% in the first few weeks post-‘Brexit’ as compared to a year ago, and many lenders found themselves over capacity and struggling with the increase in volume. Here's how to keep up.

Right after the news came out that the United Kingdom voted to leave the European Union, interest rates plummeted and mortgage applications surged, but appraisal volume, not so much. Kevin Golden, director of analytics with a la mode, explains why there's such a discrepancy.

As one of his last housing accomplishments before he leaves office, President Obama signed H.R. 3700 into law on Friday, which will dramatically improve long-fought restrictions on Federal Housing Administration financing for condominiums. Meanwhile, 2.8 million borrowers should be thanking Brexit right now for their positive financial situation.

Consumer sentiment decreased in July from last year as well as last month. Some of the decrease can be credited to Brexit, and near the end of July consumers became more optimistic about the state of the economy.

The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.

Mortgage applications tumbled in the latest report from the Mortgage Bankers Association, falling back down as if Brexit never happened. But this shouldn't be a shocker. Looking back at the past several application reports reveals a different story.

Appraisal volume, while small, still increased for the week of July 17, as the impact from Brexit continues to filter through the systems. However, according to Kevin Golden, director of analytics with a la mode, the impact won't last much longer.