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Monday, May 6, 2013

Mortgage Rates Edge Lower as 15-Year Sets New Record

The average rate for a 30-year fixed-rate mortgage was 3.35 percent, Freddie Mac reported yesterday. The rate is down slightly from 3.4 percent last week. This time last year, the rate averaged 3.84 percent.

The average rate 15-year fixed-rate mortgage was a record low of 2.56 percent, edging last week’s the previous record 2.63 percent.

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