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Mortgage Rates Drop Even Lower to Start 2021, Hit Fresh Record

As the calendar turned on a new year, interest rates on mortgage loans fell once again to a new all-time low. So reports the Associated Press.

The 30-year fixed-rate mortgage averaged 2.65% in the week ending January 7, down from 2.67% a week earlier and 3.64% a year before.

Freddie Mac chief economist Sam Khater said interest rates will likely rise slightly in 2021.

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