Economy - Finance > Rate

Mortgage rates level off ahead of the Thanksgiving holiday

3 days ago   |   By Washington Post

The 30-year fixed-rate average was unchanged at 3.1 percent this week, remaining above 3 percent for the second week in a row.
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US GDP slowed sharply in Q3 but big rebound expected in Q4

3 days ago   |   By Chron

WASHINGTON - The U.S. economy slowed to a modest annual rate of 2.1% in the July-September quarter according to the government's second read of the data, slightly better than its first estimate. But economists are predicting a solid rebound in the current quarter as long as rising inflation and a recent uptick in COVID cases do not derail activity.
The increase in the gross domestic product, the economy's total output of goods and services, is up from an initial estimate of 2% for the third quarter, the Commerce Department reported Wednesday. But the revision was still well below the solid...
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US mortgage rates mixed: 30-year unchanged at 3.1%

3 days ago   |   By Chron

WASHINGTON - U.S. mortgage rates were mixed this week.
The average rate on the benchmark 30-year, fixed rate home loan was unchanged from last week at 3.1%; a year ago, it stood at 2.72%. Fifteen-year, fixed rate mortgage rates blipped up to 2.42% from 2.39% last week; it was 2.28% a year ago.
The U.S. housing market has been hot, helped by low interest rates, a limited supply of available homes and pent-up demand from consumers who spent much of the past year and a half cooped up at home.
Many economists expect U.S. interest rates to rise in coming months as the Federal Reserve moves away...
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