The European markets led the way today, driving rates lower for the fourth consecutive day. The panic surrounding the recent Brexit poll and global economic distress has led the European markets to a state of falling bond markets. Domestic bonds have followed, with 10 year yields at their lowest levels in over 3 years. The reason that the Brexit is significant is the poll released information indicating that the British may be departing from the European Union. Brexit data, along with a negative outcome on the consumer confidence report. We are currently seeing a slow and steady decline in mortgage rates, which is likely to continue until a major event creates a bounce. Check back tomorrow to get the latest mortgage related news and rates.
Bookmark this page for daily mortgage updates:
• 30 year (FRM) rates at 3.58% (-0.01%).
• 15 year (FRM) rates at 2.88% (-0.01%).
• FHA 30 year Fixed rates at 3.25% (+0.00%).
• Jumbo 30 year Fixed rates at 3.60% (+0.00%).
• 5/1 ARM rates at 2.97% (-0.01%).
Didn't find the answer you wanted? Ask one of your own.