U.S. Mortgage Rates Fall With 30-Year at Three-Year Low of 3.54%

Mortgage rates for 30-year U.S. loans fell to the lowest level in three years as expectations for the Federal Reserve’s June meeting and Britain’s potential exit from the European Union drove investors to the safety of U.S. bonds.

The average rate for a 30-year fixed mortgage was 3.54 percent, down from from 3.6 percent last week and the lowest since May 2013, Freddie Mac said in a statement Thursday. The average 15-year rate slipped to 2.81 percent from 2.87 percent, according to the McLean, Virginia-based mortgage-finance company.