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September 17, 2021

Mortgage rates dip lower this week

WASHINGTON (AP) — Average long-term mortgage rates dipped lower this week as economic prospects continued muted amid a wave of new delta variant coronavirus cases. They remained under 3%.

Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage edged down to 2.86% from 2.88% last week. That's very close to where the benchmark rate stood at this time last year, 2.87%. 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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