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Report shows US mortgage rates dropped after Brexit

07/07/2016

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Zillow announced the current national 30-year fixed mortgage rate dropped from 3.41 percent to 3.37 percent last week. According to the real estate website, the drop could be partially due to the recent 52-48 referendum vote in the United Kingdom to leave the European Union, otherwise known as Brexit. “Brexit has certainly impacted mortgage rates,” said Jordan Levine, economist at the California Association of Realtors. “But one of the things we have been noticing even prior to Brexit was that mortgage rates were softening again.” According to Zillow Mortgages, 30-year fixed rate mortgages in California dropped 13 basis points to 3.31 percent last week. However, the 15-year fixed rate slightly climbed to 2.59 percent. [graphiq id=”lURq4Q0kOep” title=”Brexit Market Reactions, June…

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