Brexit’s Gift to US Homebuyers: Mortgage Rates Tumble to 3-Year Lows

Brexit’s Gift to US Homebuyers: Mortgage Rates Tumble to 3-Year Lows The rate on the most common mortgage plunged to a three-year low last week following Great Britain’s surprising popular..

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Mortgage rates sink to new 3-year lows on weak manufacturing data The Washington Post. The 30-year fixed rate has fallen from 4.75 percent in December to 3.49 percent, its lowest level in nearly three years.

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October 24, 2014: "Mortgage Rates Tumble", a Wall Street Journal mortgage market update by AnnaMaria andriotis included data provided by HSH.com" Interest rates on mortgages are tumbling again, defying experts who have long predicted a sustained rise and offering borrowers a fresh opportunity to save money.

The bond market has already factored in dimming economic prospects. With the five-year mortgage interest rate closely tied to the five-year benchmark bond yield, mortgage rates have also dropped close to lows seen earlier in the year. A downgraded economic growth outlook and dormant inflation mean that long term mortgage rates are going nowhere.

The MBA also noted that 30-year fixed rates fell. Mortgage Loan Rates Tumble to 3-Year Low on China Devaluation – The result was a sharp drop in mortgage rates, which will likely draw many refinance borrowers into the market in the coming weeks. The 30-year fixed rate mortgage fell to its lowest level since.

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