Mortgage rates are dropping

Currently, the 30-year fixed-rate mortgage is now averaging 3.82%, roughly a two-year low, according to Freddie Mac.

Fixed-rate mortgages follow the path of the 10-year U.S. Treasury note, which has tumbled as investors grow increasingly concerned about the health of the economy and the potential effects of a long trade war. Meanwhile, inflation has remained low. Markets and some analysts now predict that the Federal Reserve will cut interest rates this year.