US average mortgage rates mixed; 30-year loan rises to 2.80%

Spread the love

Mortgage rates were mixed last week …

Spread the love

Mortgage rates were mixed last week

Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year mortgage edged up to 2.80% from 2.78% last week. The benchmark rate, which reached a peak this year of 3.18% in April, stood at 2.99% a year ago.

The rate for a 15-year loan, a popular option among homeowners refinancing their mortgages, fell to 2.10% from 2.12% last week.

In a fresh sign that the U.S. has enjoyed a sustained recovery from the pandemic recession, the government reported Thursday that the economy grew at a solid 6.5% annual rate last quarter. The total size of the economy has now surpassed its pre-pandemic level.

Another positive government report showed that the number of Americans seeking unemployment benefits slid last week, with jobless claims dropping by 24,000, to 400,000.

Leave a Reply