Picture

All Mortgage Rates


“Mortgage rates have now dropped 15 basis points over the past two weeks, leaving them only 10 basis points above the all-time low, ” Freddie Mac Chief Economist Sean Becketti said.

Click to Enlarge

(Source: Freddie Mac)

The 15-year FRM averaged 2.74% this week, a decrease from last week’s 2.68% and last year’s 3.2%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.68% this week, a decrease from last week’s 2.7%. Last year, the 5-year ARM averaged 2.93%.

“Continuing fallout from the Brexit vote drove Treasury yields lower again this week, ” Becketti said. “The 30-year fixed-rate mortgage followed Treasury yields, falling 7 basis points to 3.41 percent in this week’s survey.”

The Federal Reserve’s minutes from the June meeting showed officials held off on raising mortgage rates in June until they knew the U.K’s decision, as many believe Brexit could cause financial instability in the U.S.

Well, according to analysts at Fitch Ratings, mortgage rates could hit all-time lows as the Brexit dust settles, as global investors move money from European sovereign wealth bonds into the safe-haven of 10-year US Treasurys. This creates a damping effect on yields, with demand rising for Treasurys, pushing down mortgages rates in return, which are widely viewed as linked to the performance of US 10-year bonds.



Share this article





Related Posts


15 Yr FHA mortgage Rates
15 Yr FHA mortgage Rates
Cheap Mortgage Rates
Cheap Mortgage Rates
Mortgage Rates Deals
Mortgage Rates Deals

Latest Posts
Mortgage Companies in Missouri
Mortgage Companies…
About Mortgage Rates in Missouri Potential…
20 years Mortgage Rates
20 years Mortgage…
If you are not sure that you can afford…
Reverse Mortgages Colorado
Reverse Mortgages…
Reserve mortgages are often used by older…
Best 5 Yr fixed rate mortgage
Best 5 Yr fixed…
Adjustable-rate mortgages (ARM) may sound…
Cheapest Fixed Rates Mortgage Deals
Cheapest Fixed…
Yorkshire building society is offering…
Search
Featured posts
  • 15 Yr FHA mortgage Rates
  • Cheap Mortgage Rates
  • Mortgage Rates Deals
  • Best Fixed Mortgage Rates
  • Best mortgage rates UK
  • U.S. mortgage rates
  • USAA mortgage Rates points
  • Bank with best mortgage rates
  • 10 Mortgage Rates
Copyright © 2020 l www.scarredforlife.info. All rights reserved.