After the Brexit vote, fixed mortgage rates in the U.S. dropped to the lowest levels so far this year, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.48 percent this week while the 15-year, fixed-rate averaged 2.78 percent. Read more.
“In the wake of the Brexit vote, the yield on the 10-year U.S. Treasury bond plummeted 24 basis points. The 30-year mortgage rate declined as well, but not by as much, falling 8 basis points to 3.48 percent. This week’s survey rate is the lowest since May 2013 and only 17 basis points above the all-time low recorded in November 2012. This extremely low mortgage rate should support solid home sales and refinancing volume this summer,” said Freddie Mac Chief Economist Sean Becketti.
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