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.

Read more from our news partners at the Pittsburgh Business Times.

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