Mortgage Rates Limbo Lower Now

New data shows average fixed mortgage rates have dropped to new 2016 lows in the wake of the Brexit vote, according to Freddie Mac’s most recent Primary Mortgage Market Survey®. At 3.48 percent, the 30-year fixed-rate mortgage is only 17 basis points from its November 2012 all-time record low of 3.31 percent.
“In the wake of the Brexit vote, the yield on the 10-year U.S. Treasury bond plummeted 24 basis points,” says Sean Becketti, chief economist, Freddie Mac. “The 3