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U.S. mortgage rates fall with 30-year at a record-low 3.66pct

Posted on 22 June 2012

U.S. mortgage rates for 30-year fixed loans declined to a record low, reducing borrowing costs amid an uneven recovery in the housing market. The average rate for a 30-year fixed mortgage fell to 3.66 percent in the week ended today from 3.71 percent, Freddie Mac said in a statement.
It was the lowest in the McLean, Virginia- based mortgage-finance company’s records dating to 1971. The average 15-year rate dropped to 2.95 percent from 2.98 percent………………………………………..Full Article: Source


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