Mortgage rates

FILE - In this Aug. 16, 2019 file photo a for sale signs beckon buyers to homes along Park Avenue in Richmond, Va. Average rates on long-term mortgages rose this week for the first time since June 25, 2020, after weeks of marking new record lows. (AP Photo/Steve Helber)

FILE - In this April 1, 2020 photo, a "For Sale" sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. Americans stepped up their home purchases in June, clawing back some of the losses after the pandemic had caused sales to crater in the prior three months. (AP Photo/Elaine Thompson, File)

FILE - In this May 22, 2020 file photo a sold sign stands in front of a house in Brighton, N.Y. Average rates on long-term mortgages continue to fall to new record lows, as the key 30-year loan dropped below 3% for the first time in 50 years. The stagnant economic recovery in the face of the coronavirus pandemic is keeping inflation tamped down despite pent-up homebuying demand. (AP Photo/Ted Shaffrey, File)

This May 22, 2020 photo shows a sold sign in front of a house in Brighton, N.Y. On Thursday, May 28, long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reports that the average rate on the 30-year loan tumbled to 3.15% from 3.24% last week. (AP Photo/Ted Shaffrey)

In this March 18, 2020 photo, Construction continues at a housing plan in Zelienople, Pa., The housing market has stalled, but homebuilder stocks are up sharply amid signs that sales are starting to improve. Still, the outlook for a housing market recovery remains cloudy, given uncertainty over the pandemic's impact. (AP Photo/Keith Srakocic)

This April 16, 2020 photo shows a real estate company sign marking a home for sale in Harmony, Pa. Long-term U.S. mortgage rates were mixed this week, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reports that the average rate on the benchmark 30-year home loan edged up to 3.26% from 3.23% last week, which was the lowest level since Freddie started tracking rates in 1971. (AP Photo/Keith Srakocic)

FILE - This Feb. 18, 2020, photo shows a real estate sign in front of a home for sale in San Francisco. An estimated 4.1 million Americans have their mortgage in forbearance, according to data released Monday, May 18, by the Mortgage Bankers Association.(AP Photo/Jeff Chiu, File)

FILE - In this Wednesday, July 5, 2017, file photo, a sold sign is displayed in front of a house in Sacramento, Calif. U.S. long-term mortgage rates hovered near all-time lows for the third straight week amid fresh signs of severe damage to the economy and the housing market from the shutdown spurred by the coronavirus pandemic. Mortgage buyer Freddie Mac says on Thursday, April 16, 2020, the average rate on the benchmark 30-year home loan slipped to 3.31% this week from 3.33% last week. (AP Photo/Rich Pedroncelli, File)