Home buyers seem to be reaping the benefits of attractive mortgage rates, with the average 30-year fixed mortgage rate ducking just under four percent, a report from Freddie Mac said Thursday.
Economic activity in the U.S. increased by less than expected in the second quarter, the Commerce Department revealed in a report on Thursday, although the report also showed a notable upward revision to the data for the first quarter.
A day before a Friday deadline, the Senate voted Thursday to approve bills providing both short-term and long-term highway funding. Senate Majority Leader Mitch McConnell said the three-month extension will give the House time to develop its own long-term bill.
Stocks have shown a significant rebound over the course of the trading day on Thursday after coming under pressure early in the session. The major averages have climbed well off their worst levels of the day, with the Nasdaq peeking into positive territory.