OREANDA-NEWS. HSH.com releases its latest Weekly Mortgage Rates Radar showing still-declining mortgage rates during the seven-day period ending July 12, as global investors continue to try to find safe and positive returns in uncertain markets. The Weekly Mortgage Rates Radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM).

Rates on the most popular types of mortgages edged closer to all-time lows, according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages fell by another four basis points (0.04 percent) to 3.48 percent. However, Conforming 5/1 Hybrid ARM rates increased by three basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 2.86 percent.

"Mortgage and other interest rates have been pressed down toward record lows in recent weeks, thanks to the "Brexit" vote and worries about global growth," said Keith Gumbinger, vice president of HSH.com. "Although lower at the moment, the solid June employment report last Friday has reassured investors that growth remains in good shape here in the U.S., and we may see rates firming a little bit in the coming days as a result."

Although since settled, the vote by Britain to exit the European Union in late June initially rattled markets around the world. As the process may take up to two years to complete, there will be plenty of opportunities for volatility ahead, both political and economic. For the moment, though, the results have proven mostly positive for American mortgage shoppers, who are finding new chances to refinance or buy homes with fixed rate mortgages at about 60 year lows.

"It's not clear how long the recent run of falling rates will last," adds Gumbinger. "As the dust settles, and beyond the initial market reaction, it's starting to appear as though there won't be much by way of near-term effects, but rather that we'll see lower interest rates for a longer period of time. It's certainly possible, even if the incoming economic data are strengthening, that the Federal Reserve will not lift short-term rates until very late this year. As such, even if not always approaching record lows, mortgage rates should remain highly favorable throughout the summer and fall. After that, we'll see."

HSH.com is a trusted source of mortgage data, trends, news and analysis. Since 1979, HSH's market research and commentary has helped homeowners, buyers and sellers make smart financial choices and save money on mortgage and home equity products. HSH.com, of Riverdale, N.J., is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that best meet their needs. The company is a leader in ethical marketing practices. For more information, please visit QuinStreet.com.