According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.97% in the week ending February 25, up 16 basis points from the prior week.
That compares with an average of 3.45% over the corresponding week in 2020.
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The Rise of Digital Mortgages in Lending: How Tech Innovations are Reshaping the Market Explore the rise of digital mortgages and how technology innovations are transforming the lending market. Learn about AI, blockchain, and digital platforms reshaping the mortgage industry.
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Mortgage Rates Climb But Linger Near Historic Lows
Mortgage rates have increased from historic lows, but not by much, as the coronavirus vaccine continues its rollout and the economy struggles to rebound from the global pandemic. So reports the Associated Press.
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