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Mortgage Rates for 30-Year U.S. Loans Fall to Record-Low 3.89%
Mortgage Rates for 30-Year U.S. Loans Fall to Record-Low 3.89% - BusinessWeekRates for 30-year U.S. mortgages fell to the lowest level on record after Federal Reserve Chairman Ben S. Bernanke urged lawmakers to do more to revive housing.
The average rate for a 30-year fixed loan decreased to 3.89 percent in the week ended today, the lowest in records dating to 1971, from 3.91 percent, Freddie Mac said in a statement. The average 15-year rate dropped to 3.16 percent from 3.23 percent, according to the McLean, Virginia-based mortgage-finance company.
January 13, 2012 | Permalink
