Skip to Content

Mortgage rates dip lower this week; 30-year loan at 2.86%

<i></i><br/>
KMIZ

WASHINGTON (AP) — Average long-term mortgage rates dipped lower this week as economic prospects continued muted amid a wave of new delta variant coronavirus cases. They remained under 3%. Mortgage buyer Freddie Mac says the average rate for a 30-year mortgage edged down to 2.86% from 2.88% last week. The rate for a 15-year loan fell to 2.12% from 2.19%. Anxiety abounds that the highly contagious delta variant could cause the economic recovery from the pandemic to stall by reducing employment and dampening consumer spending. Vaccine hesitancy has been cited by economists as a significant factor. 

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content