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FILE - In this Wednesday, July 5, 2017, file photo, a sold sign is displayed in front of a house in Sacramento, Calif.  U.S. long-term mortgage rates hovered near all-time lows for the third straight week amid fresh signs of severe damage to the economy and the housing market from the shutdown spurred by the coronavirus pandemic. Mortgage buyer Freddie Mac says on Thursday, April 16, 2020,  the average rate on the benchmark 30-year home loan slipped to 3.31% this week from 3.33% last week.  (AP Photo/Rich Pedroncelli, File)

FILE - In this Wednesday, July 5, 2017, file photo, a sold sign is displayed in front of a house in Sacramento, Calif. U.S. long-term mortgage rates hovered near all-time lows for the third straight week amid fresh signs of severe damage to the economy and the housing market from the shutdown spurred by the coronavirus pandemic. Mortgage buyer Freddie Mac says on Thursday, April 16, 2020, the average rate on the benchmark 30-year home loan slipped to 3.31% this week from 3.33% last week. (AP Photo/Rich Pedroncelli, File)

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