Saturday, September 25, 2021
68.9 F
Fort Worth

US average mortgage rates little changed; 30-year at 2.86%

🕐 1 min read

by AP News.

WASHINGTON (AP) — Mortgage rates were mixed this week and barely changed after rising for the first time last week following six weeks of declines. Average rates for home loans remain historically low at under 3%.

Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year mortgage eased to 2.86% from 2.87% 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, edged up to 2.16% from 2.15% last week.

Uncertainty over the fast-spreading delta coronavirus variant and its potential effect on the economic recovery has been a backdrop in recent weeks, suppressing mortgage rates. The worry is that the resurgent virus could discourage people from going out and spending and trigger another round of shutdowns or other restrictions.

In a positive development, a government report Thursday showed that the number of Americans seeking unemployment benefits fell last week for a fourth straight time to a pandemic low. The 29,000 decline in claims, to 348,000, was the latest sign that the U.S. job market is rebounding from the pandemic recession as employers boost hiring to meet a surge in consumer demand.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate