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



WASHINGTON (AP) – Mortgage rates have been mixed last week. A key 30-year home loan remains 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. The overall size of the economy has now exceeded its pre-pandemic level.

Another positive government report showed that the number of Americans seeking unemployment benefits fell last week, while the number of jobless claims fell 24,000 to 400,000.

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