Average US mortgage rates fixed to minors; 30 years at 2.77%

MORNING BUSINESS REPORT: Student loan is not worth it, help with internet account, large wind farm News

The rate for a 15-year loan, a popular option among homeowners refinancing their mortgages, remained at a historically low 2.10%. Concerns have been mounting in global financial markets around the delta variant’s spread in the U.S., Europe and Asia, and especially in China, which is on high alert as it confronts hundreds of fresh cases.

Uncertainty over the surging delta coronavirus variant and its potential effect on the U.S. economic recovery remained as a backdrop suppressing mortgage rates. Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year mortgage fell to 2.77% from 2.80% last week. The benchmark rate, which reached a peak this year of 3.18% in April, stood at 2.88% a year ago. China has sealed off residential communities, suspended flights and trains, and ordered mass coronavirus testing in Wuhan, the city where the disease was first detected in late 2019. Although China’s numbers are small compared with outbreaks elsewhere, its containment strategies and the subsequent impact on its large economy are being closely watched.

In the latest evidence of a briskly rebounding U.S. economy and job market, the government reported Thursday that the number of Americans applying for unemployment benefits fell last week by 14,000, to 385,000. Benefits applications have mostly fallen steadily since topping 900,000 in early January. Still, they remain high by historic levels. ___

This story has been updated to correct the time element in the first paragraph. It is this week, not last week.

The News Highlights

  • Average US mortgage rates fixed to minors; 30 years at 2.77%
  • Check the latest update on business news
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
The Dell semi-annual sale has slashed the price of the XPS 13 laptop by $234
The Dell semi-annual sale has slashed the price of the XPS 13 laptop by $234
Dell XPS 13, Intel Core i5: $949.99 $715.39 at Dell Save $234.60 – For a limited time, you can get the powerful XPS 13 laptop on sale for $715.39 at the Dell ...
Are these the PS5/PS4 games that are available for free?
Are these the PS5/PS4 games that are available for free?
PS Plus is PlayStation’s online gaming service, which provides access to multiplayer gaming and other benefits, including money off many digital purchases. ...
Inside the $ 7 billion merger of Sequoia Financial and Wealthstone Advisors
The vaccination deadline arrives for NY health professionals
Hochul said she will sign an executive order that will allow her to call in medically trained National Guard members and retirees, or vaccinated workers from ...
Race Alone Doesn’t Explain Cancer Screening Disparities – Consumer Health News
Race Alone Doesn’t Explain Cancer Screening Disparities – Consumer Health News
Press Release “It is important for health care professionals to understand the factors that may interfere with their patients’ abilities and willingness to ...
One of the most requested features has been added to Android
One of the most requested features has been added to Android
The first time I wrote about how important dual-SIM functionality is for Android Auto users out there was in the spring of 2020, and as it turns out, Google ...
The media remotes from 8BitDo unlock more of the Xbox’s entertainment potential
The media remotes from 8BitDo unlock more of the Xbox’s entertainment potential
The 8BitDo Media Remote is actually two different devices. You can get it in the $20 Short Edition or $25 Long Edition flavors now. The Long Edition has a ...
The beta version of Halo Infinite includes a new map called “Behemoth,” as well as vehicles and other features
The beta version of Halo Infinite includes a new map called “Behemoth,” as well as vehicles and other features
For the third (and final) day of the first week. 343 Industries has added a brand-new map to the Halo Infinite playlist. The second Halo Infinite technical ...
Opening of Selinsgrove Hobby Lobby respited to December
Opening of Selinsgrove Hobby Lobby respited to December
Construction of the new crafts and home decor store at the former Weis Markets next to the Susquehanna Valley Mall has been delayed by nationwide building ...
Samsung S22 Design Leaked! Specs, Features and MORE
Samsung S22 Design Leaked! Specs, Features and MORE
Following the success of the Samsung Galaxy S21 series, fans have been discussing the unofficial Galaxy S22. Several people wonder what big improvements ...
New Orleans ponders options amid anger at public service giant
New Orleans ponders options amid anger at public service giant
“It is obvious that we have reached a critical juncture in our relationship with the City Council,” Entergy Corp. executive Rod West said in a statement in ...
Show next
Compsmag - Latest News from tech, business and health
Logo