Mortgage rates have declined this week in the United States. The rates declined, pushing the benchmark of a 30-year home loan down below the 3% mark.
A Mortgage buyer Freddie Mac has reported on Thursday that the average for the 30-year rate has fallen to 2.95% from 3% during the last week. Last year, roughly at this time the rate was around 3.15%. The rate for a 15-year loan is much more popular among those who are seeking refinancing options to be eased to 2.27% from 2.29% in the last week.
The pandemic has influenced more people to seek out the additional space which is being provided by a single-family home. So far, at the same time, COVID-19 has also discouraged many house owners from selling and opening up their homes to the would-be buyers, in that way shrinking the number of homes that have been put up on sale.In the modern positive economic news, the government has reported on Thursday that the number of Americans who are seeking unemployment benefits was dropped last week to 406,000.