Verizon said it resolved an outage that disrupted many U.S. customers’ calling and other cellular services for more than 10 hours on Wednesday.

The New York-based carrier didn’t specify what caused Wednesday’s disruptions, but confirmed that the outage was resolved by 10:20 p.m. ET.

“Today, we let many of our customers down and for that, we are truly sorry,” Verizon wrote in updates shared on social media.

A spokesperson later added that the company would give those impacted a $20 account credit through Verizon’s app, which on average “covers multiple days of service,” and directly contact its business customers with compensation.

Mortgages hit 3-year low

The average long-term U.S. mortgage rate is now down to its lowest level in more than three years.

The benchmark 30-year fixed rate mortgage rate eased to 6.06% this week, down from 6.16% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 7.04%.

The last time the average rate was lower was Sept. 15, 2022, when it was at 6.02%.

Meanwhile, borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week, dropping to 5.38% from 5.46% last week. A year ago, that average rate was at 6.27%, Freddie Mac said.

Applications for mortgage refinancing loans soared 40% last week from the previous week and accounted for 60% of all home loan applications, according to the Mortgage Bankers Association. Applications for loans to buy a home climbed 16%.

“With mortgage rates much lower than a year ago and edging closer to 6%, MBA expects strong interest from homeowners seeking a refinance and would-be buyers stepping off the sidelines,” said MBA CEO Bob Broeksmit.