Your 30-Year Mortgage Rate Should Be Lower Than It Is Now

Mortgage rates usually move in tandem with bond yields. Which is why following the U.K.’s decision to exit the EU, bond yields tumbled as investors sought a safe haven, while U.S. mortgage rates also slid to near all-time lows. According to mortgage giant Freddie Mac on Thursday, the 30-year-fixed-rate mortgage averaged about 3.41% this week–down…

http://fortune.com/2016/07/08/yields-plunge-mortgage-should-be-all-time-low/

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