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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.

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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