Mortgage rates are at their lowest for two years, giving borrowers another boost

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Housing loan rates remained stable and even fell slightly, with investors worried about the slowdown in the economy and geopolitics continuing to maintain the attractiveness of bonds.

The 30-year fixed-rate mortgage averaged 3.82 percent in the week of June 13, with no change during the week, Freddie Mac said Thursday. Nearly half of the year, the popular product only managed to increase six times a week. It has now reached its lowest level in two years.

The 15-year fixed rate mortgage averaged 3.26%, down 3.28%. The hybrid 5-year hybrid adjustable rate mortgage averaged 3.51%, down 1 basis point.

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Fixed rate mortgages follow the 10-year US Treasury note path

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, which fell as investors became increasingly concerned about the health of the economy and the potential effects of a long trade war. Meanwhile, inflation has remained tame. Markets and some analysts now predict that the Federal Reserve will cut interest rates this year.

Lower rates affect the housing market unexpectedly. Demand for mortgages has been so strong that mortgage lender profit margins have turned positive for the first time in almost three years.

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This is reflected in the Fannie Mae mortgage sentiment survey for the second quarter, released on Wednesday. The survey also found that for the first time in more than two years, a majority of lenders have reported or expect refinancing volumes to increase.

Whether mortgage lenders are profitable or not, it's not just an industry concern. Lenders often lower their standards when they need more and more income, especially at the height of the real estate bubble a decade ago. In her publication of the survey of lenders, Fannie Mae said that "the significant easing of lending standards is a thing of the past."

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