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Sunday, February 23, 2020  Spokane, Washington  Est. May 19, 1883
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News >  Business

Long-term mortgage rates unchanged: 30-year at 3.83 percent

This Wednesday, Sept. 6, 2017, photo shows a “For Sale” sign in the front yard of a home in Raeford, N.C. (Swayne B. Hall / Associated Press)
This Wednesday, Sept. 6, 2017, photo shows a “For Sale” sign in the front yard of a home in Raeford, N.C. (Swayne B. Hall / Associated Press)
Associated Press

WASHINGTON – Long-term mortgage rates are unchanged this week: The 30-year fixed-rate mortgage remained at 3.83 percent; the 15-year home loan, popular among homeowners who refinance their mortgages, stayed at 3.13 percent, mortgage buyer Freddie Mac says.

Rates on long-term home loans typically track the yield on 10-year Treasury notes, which barely budged this week.

Two weeks ago, the 30-year mortgage hit a low for the year before bouncing back up last week. So far this year, the 30-year rate is running above last year’s average of 3.65 percent.

Freddie Mac says the rate on adjustable five-year mortgages blipped up to 3.20 percent from 3.17 percent.

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