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Washington (AP) — This week’s average long-term mortgage rates have risen slightly and have remained largely static for a month. They remained less than 3%.
Mortgage buyer Freddie Mac reported Thursday that the average 30-year mortgage rate rose from 2.86% last week to 2.88%. This is very close to last year’s current benchmark rate of 2.90%. This year it peaked at 3.18% in April.
Interest rates on 15-year loans, which are popular for refinancing mortgages, rose from 2.12% last week to 2.15%.
Amid concerns that the highly contagious delta mutation could stall the economic recovery from the pandemic, the Federal Reserve Board of Governance on Wednesday said the Federal Reserve Board of Governors had fully recovered from the recession and provided an emergency immediately. He showed his belief in starting dialback of aid. The virus erupted. Federal Reserve Board Chair Jerome Powell said he plans to announce as early as November that the central bank will begin withdrawing the extraordinary support it unleashed 18 months ago.
US long-term mortgage rates have risen slightly. 2.88% in 30 years | WGN Radio 720
Source link US long-term mortgage rates have risen slightly. 2.88% in 30 years | WGN Radio 720
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