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Average U.S. Mortgage Rates Fall Following Brexit

July 1st, 2016 8:20 AM by Brent Ferry

In the week following the UK's leave vote which sent financial markets into turmoil, long term U.S. mortgage rates slid to a new yearly low and the lowest level since May 2013. The 30-year fixed-rate mortgage (FRM) fell to 3.48% according to Freddie Mac's weekly Primary Mortgage Market Survey. The year ago rate was 4.08%. The all time low was 3.31% in November 2012. 5-1 ARM and 15-YR FRM averages also fell.

If you have been considering a new home, you can lock in historically low rates by buying right now. Coupled with attractive Builder incentives on new construction or one of numerous deals on the resale market, you can get a great bargain on a Central Florida home including our income producing vacation rentals. Contact me for assistance locating and buying the property that is right for you.
Posted in:General
Posted by Brent Ferry on July 1st, 2016 8:20 AM


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