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July 31, 2020
WASHINGTON (AP) — U.S. average rates on long-term mortgages declined this week, remaining near historic lows as the key 30-year loan slipped back below 3%.
Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan eased to 2.99% from 3.01% last week. The benchmark rate hasn't fallen below the 3% mark for 50 years. By contrast, the rate averaged 3.75% a year ago.
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