Report shows US mortgage rates dropped after Brexit

  • The national average mortgage rate dropped eight basis points to 3.3 percent last week.
  • Foreign investors may begin to use American real estate as a safe haven for investments.
  • Economists anticipate the Federal Reserve holding off on aggressive interest rate hikes this summer.

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

Zillow announced the current national 30-year fixed mortgage rate dropped from 3.41 percent to 3.37 percent last week. According to the real estate website, the drop could be partially due to the recent 52-48 referendum vote in the United Kingdom to leave the European Union, otherwise known as Brexit.