Cheap mortgage rates and

Cheap Mortgage Rates

mortgage ratesMortgage rates were little changed, averaging 3.56 percent from from 3.54 percent a week earlier. A year ago, a 30-year, fixed-rate home loan was 4.02 percent, according to .

It can’t be said enough — home loans are really cheap. Mortgage rates briefly ticked above 4 percent at the end of December but otherwise have been in the 3 percent range for almost a year.

Source: Freddie Mac

Mortgage prices tend to follow Treasury yields, which have been trending down all year, too. Last week, the interest on 10-year Treasuries dropped to its lowest in four years on worries that Britain would vote to leave the European Union. When the political and economic outlook is uncertain, the world’s money tends to flow into safe investments like U.S. bonds, including mortgages. That’s what’s happening now.

mortgage ratesIf voters across the pond approve — the “British exit” from the union — we can expect rates to fall even more, or at least stay super low.

So far, all this cheap borrowing has been good for U.S. homeowners and the housing market. Home sales reached a nine-year high in May, buyers are snapping up, and architects report robust business, meaning more people are or building.

In the long run, though, a Brexit would put a damper on the . And the market boost from cheap home loans is minimized if only those few people with pristine credit can get them. Housing still has nagging structural problems. For now though, remember this chart.

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What US banks offer foreign national mortgages? - Quora

Find a local, licensed loan originator who works for a non-depository mortgage lender OR a mortgage broker. Either of these entities (and not a bank) will be able to help you locate a lender willing to lend. You do not have to be a U.S. citizen to obtain a mortgage in the U.S.  Here's another trick.  The industry uses this website as a way to shop and see what lenders have to offer their customers:

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