Mixed average US mortgage rates; 30-year loan increased to 2.80%

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22

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WASHINGTON (AP) – Mortgage rates have been mixed last week. 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.

The government said Thursday that as a new sign that the US is on a steady recovery from a pandemic recession, the economy has grown at a strong pace. solid 6.5% per annum last quarter… The overall size of the economy has now exceeded its pre-pandemic level.

Another positive government report showed that number of Americans seeking unemployment benefits last week, the number of applications for unemployment benefits fell by 24,000 to 400,000.

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