Last week mixed mortgage rates

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WASHINGTON – Rates on mortgages last week were mixed. A key 30-year home loan stayed below 3% for a fifth straight week amid continuing concerns over the growing delta coronavirus variant and progress in economic recovery.

Mortgage buyer Freddie Mac said Thursday that the average for 30-year mortgages rose to 2.80% from 2.78% last week.

The base rate, which peaked this year at 3.18% in April, was 2.99% a year ago.

The rate on the 15-year loan, a popular mortgage refinancing option among homeowners, fell to 2.10% from 2.12% last week.

As a new sign of a robust US recovery from the pandemic recession, the government on Thursday said the economy grew 6.5% last quarter.

EU regulators fine Amazon

NEW YORK – European regulators fined Amazon $ 886 million for data protection violation.

Amazon said Friday that Luxembourg’s National Data Protection Commission ruled against the company earlier this month, claiming its processing of personal data was not in line with the European Union’s general data protection regulation.

Amazon said it considers this decision unreasonable and will actively defend itself.

Amazon has come under scrutiny from the EU before.

In May, a court overturned a European Commission ruling that a tax deal between Amazon and the Luxembourg government was illegal government support.

From telegraph messages

In November, regulators filed antitrust charges against the company, accusing Amazon of using access to data from companies selling products on its platform to gain an unfair advantage over them.

While the US initially criticized the EU for targeting US companies, it has recently begun to take a tougher stance on big tech too, suing Google last year for abusing its dominant position in online search. and advertising.

In May, a court overturned a European Commission ruling that a tax deal between Amazon and the Luxembourg government was illegal government support.

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