Long-term US mortgages fall to lowest level since May 2013
Long-term U.S. mortgage rates dropped this week to the lowest level since May 2013.
After Britain voted June 23 to leave the European Union, worried investors flocked to the safety of U.S. Treasury bonds, driving down long-term American interest rates.
|Current avg||Last week||52-week high||52-week low|
|30-year fixed||3.41 percent||3.48 percent||4.09 percent||3.41 percent|
|15-year fixed||2.74 percent||2.78 percent||3.26 percent||2.74 percent|
|5-year adjustable||2.68 percent||2.70 percent||3.09 percent||2.68 percent|