While it may take years to determine just how much the U.K.’s Brexit vote will impact global economies around the world, the Brexit has already had a meaningful impact on one major U.S. market: housing.

Stock markets have been rattled, and global economic growth is now facing a number of Brexit-related headwinds, but for Americans looking for a mortgage, the Brexit vote has been a major blessing.

U.S. mortgage rates have plummeted to three-year lows following the U.K. vote. A number of economists believe the Federal Reserve’s next interest rate hike has been postponed indefinitely, and some are even calling for a rate cut. The iShares Barclays 20+ Yr Treas.Bond (ETF) TLTis up 5.3 percent since the vote.

According to Bankrate, the benchmark 30-year fixed mortgage rate is currently 3.61 percent. The Bankrate number confirms…

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