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May 21, 2021

Mortgage rates rise; 30-year at 3%

WASHINGTON (AP) — Mortgage rates rose this week, pushing the benchmark 30-year home loan to the 3% mark for the first time since mid-April. Signs continued of the economy's recovery from the pandemic recession and a burst of inflation rattled stock markets.

Mortgage buyer Freddie Mac reported Thursday that the average for the benchmark 30-year home-loan rate increased to 3% from 2.94% last week. At this time last year, the long-term rate was 3.24%.


 
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