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September 10, 2021
WASHINGTON (AP) — Average long-term mortgage rates were marginally higher this week as the recovering economy appeared stalled against the backdrop of a wave of new delta variant coronavirus cases. They remained under 3%.
Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year mortgage edged up to 2.88% from 2.87% last week. That's very close to where the benchmark rate stood at this time last year, 2.86%. It peaked this year at 3.18% in April. Home loan rates fell in the early summer and then remained steady despite increases in inflation.
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