July 12, 2016

Brexit vote drops mortgage rates to three-year low

By Marcie Geffner - Bankrate

Mortgage rates fell this week to a level not seen since May 2013, as the United Kingdom's vote to leave the European Union shocked financial markets already unsettled by mixed reports about the U.S. economy.
The benchmark 30-year fixed-rate mortgage fell to 3.61% from 3.73%, according to Bankrate's survey of large lenders. A year ago, it was 4.19%. Four weeks ago, the rate was 3.81%.
Read more:
http://www.bankrate.com/finance/mortgages/mortgage-analysis-063016.aspx