Talking Points

  • After the United Kingdom’s vote to leave the European Union, mortgage rates plummeted to just above 2012’s all-time lows. According to Freddie Mac Chief Economist Sean Becketti, “This week’s survey rate is the lowest since May 2013 and only 17 basis points above the all-time low recorded in November 2012.”
  • This week, the 30-year fixed-rate mortgage averaged 3.48 percent for the week ending June 30, 2016. This is down from last week’s 3.56 percent, and down from last year’s 4.08 percent.
  • Becketti added that “In the wake of the Brexit vote, the yield on the 10-year U.S. Treasury bond plummeted 24 basis points. The 30-year mortgage rate declined as well, but not by as much, falling eight basis points to 3.48 percent.”