Freddie Mac reported, on Thursday, that the average 30-year fixed mortgage rate was 3.73% down. The 15-year fixed-rate mortgage average 3.16% down nearly .09% from previous years. The fixed-rate mortgages are tracked by the 10-year U.S. Treasury note, which itself is down 0.36%.
The drop-in rates and the treasury note are primarily due to the increased investment in more secure investments by investors that are fearing the increasing tensions between China and America. The rising trade war is not the only worrying situation in the world with other geopolitical conflicts on the horizon. Many American investors are looking inward instead of foreign markets.
When international politics make the economic waters rocky, many investors choose to invest in bonds. Bonds historically are one of the safest forms of investment and are