SILVER SPRING, Md. (AP) US long-term mortgage rates rose this week, but remain at historically low levels as the coronavirus pandemic continues to hit the economy even as more Americans do vaccinate.
Mortgage buyer Freddie Mac reported on Thursday that the average 30-year fixed-rate benchmark home loan rate fell to 2.81% from 2.73% in recent weeks. A year ago, the rate was 3.49%.
The average rate on 15-year fixed-rate loans, popular among those looking to refinance their mortgages, rose to 2.21% from 2.19% last week. A year ago it was 2.99%.
The 5-year variable rate mortgage was on average 2.77%, down from previous weeks by 2.79%. It was on average 3.25% a year ago.
While economists expect modest increases in mortgage rates this year, they will likely stay low, with the Federal Reserve keeping interest rates close to zero until the economy recovers.
Record lending rates have helped push buyers into the real estate market, but the lack of supply has left many potential buyers empty-handed. Lack of supply was pushing up prices even before the pandemic hit last March.
Although the housing market has been one of the strongest sectors of the U.S. economy since the start of the summer, the economy as a whole remains at the mercy of the ongoing pandemic.
The number of Americans asking for unemployment help rose to 861,000 last week, proof that layoffs remain high despite a steady decline in the number of confirmed viral infections. About 1.7 million Americans get vaccinated every day, although those efforts have been complicated by recent winter weather conditions in many parts of the country.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]