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Mortgage Rates Tick Higher But Stay Below 3%

Mortgage rates have risen slightly amid mixed economic data but continued their summer stint below 3%. So reports the Associated Press.

arrow 98577 1280According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.88% in the week ending September 9, up from 2.87% last week and barely higher than their 2.86% level a year ago.

While a recent Federal Reserve report noted that the U.S. economy “downshifted” as the Delta variant spread in July and August, weekly unemployment benefits have fallen to a pandemic low.

Read the full article from Associated Press.

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