» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 45 | NO. 27 | Friday, July 2, 2021

US average mortgage rates decline; 30-year at 2.98%

Print | Front Page | Email this story

WASHINGTON (AP) — Mortgage rates declined this week, with the key 30-year loan slipping back below the 3% mark as the economic recovery from the pandemic recession remains robust.

Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year home loan eased to 2.98% from 3.02% last week. By contrast, the rate stood at 3.07% a year ago.

The rate for a 15-year loan, a popular option among homeowners refinancing their mortgages, fell to 2.26% from 2.34% last week. Mortgage rates are widely expected to gradually rise in the second half of the year that began Thursday.

The government reported that the number of Americans seeking unemployment benefits fell again last week to the lowest level since the pandemic struck last year, further evidence that the job market and the broader economy are rebounding rapidly from the coronavirus recession. Jobless claims dropped by 51,000, to 364,000.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0