Average US mortgage rates are rising slightly; 30 years at 2.87%

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AP National Business

WASHINGTON (AP) – Mortgage rates rose marginally in the past week, continuing a modest move in recent weeks amid uncertainty over the impact of the delta coronavirus option on economic recovery. Average rates on home loans remain historically low – less than 3%. Mortgage buyer Freddie Mac reports that the average for a 30-year mortgage rose to 2.87% from 2.86% last week. The 15-year loan rate increased to 2.17% from 2.16%. Fears are mounting that the currently prevailing delta scenario is starting to cause a slowdown in economic growth, an uncertainty that keeps mortgage rates in a narrow range.

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