Mortgage Rates in the U.S. Hold Steady Near the Lowest on Record
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U.S. mortgage rates held steady, keeping loan costs near a record low while rising unemployment pushes would-be borrowers to the sidelines.
The average rate for a 30-year fixed loan was 3.33%, unchanged from last week, Freddie Mac said in a statement Thursday. Borrowing costs have stabilized after several weeks of wide swings. The 30-year average rate hit a record low of 3.29% in early March.