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Mortgage Rates Continue to Fall

Posted by on Oct 6, 2011 in Economy | 0 comments

After hitting record lows last week, the average rates on 30- and 15-year fixed mortgages dropped again.

According to Freddie Mac, the rate on a 30-year mortgage fell from 4.01 last week to 3.94 percent this week.

Meanwhile, the average rate on a 15-year fixed loan fell from 3.28 to 3.26 percent.

Source: Associated Press

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