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July 16, 2021

Mortgage rate falls to 2.88%

WASHINGTON (AP) — Mortgage rates were mixed this week. The benchmark 30-year loan fell for the third straight week amid lingering concerns over the recent surge in inflation.

Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year home loan eased to 2.88% from 2.90% last week, down from its peak this year of 3.18% in April. The key rate stood at 2.98% a year ago.


 
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