U.S. mortgage rates hover near historic lows

PITTSBURGH — U.S. mortgage rates were essentially unchanged this week remaining near historic lows, according to Freddie Mac.

The 30-year fixed mortgage rate averaged 2.93 percent for the week ending Sept. 3 — up slightly from a rate of 2.91 percent last week. A year ago, mortgage rates stood at 3.49 percent.

Low mortgage rates help propel U.S. home sales and the refinance market.

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