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Average Rates for Fixed Mortgages Fell to New Record Lows
- May 5, 2012
- Posted by: Jeffrey
- Category: Highlands News
WASHINGTON – Average rates for 30-year and 15-year fixed mortgages fell to new record lows this week. A home for sale in Newton, Mass., in September 2011. Mortgage buyer Freddie Mac said Thursday that the average interest rate on 30-year loans fell to 3.84%, lowest since long-term mortgages began in the 1950s. That’s below the