30-year US mortgage rates are close to their minimum

Photo: depositphotos

Mortgage rates have fallen sharply over the past 2 weeks, approaching a record low, amid the decision of British residents to leave the European Union following a referendum.

Last week, mortgages at a fixed 30-year rate fell to 3,48% from 4,04% a year ago, the largest US mortgage agency Freddie Mac said Thursday. And this week it was 3,41% at all.

Brexit, according to experts, has affected the yield of US Treasury bonds. The five-year adjustable interest rate, which is indexed by the US Treasury Department, fell from last year's 2,93% to the current 2,68%.

In total, the rate on 30-year loans fell 15 basis points over the past two weeks. Only 3,31 points remain to a record low of 2012% (it was set in November 10).

The British were in favor of secession from the EU referendumwhich took place on June 23rd.

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