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October 16, 2020
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week as the key 30-year loan reached a new all-time low for the tenth time this year.
Home loan rates have marked a year-long decline amid economic anxiety in the recession set off by the coronavirus pandemic. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year mortgage fell to 2.81% from 2.87% last week. By contrast, the rate averaged 3.69% a year ago.
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