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March 5, 2021
WASHINGTON (AP) — U.S. long-term mortgage rates were steady to higher this week, as the benchmark 30-year loan breached the 3% mark for the first time since July 2020. Rates remain near historic lows as the economy strains toward recovery in the pandemic's wake.
Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year fixed-rate home loan rose to 3.02% from 2.97% last week. By contrast, the benchmark rate stood at 3.29% a year ago.
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