Friday Rate Update

Mortgage Rates Continue to Fall.

The rate for a 30-year fixed-rate mortgage averaged 3.99 percent this week, slightly down from last week’s 4.01 percent, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 4.22 percent. This week’s 15-year FRM averaged 3.17 percent, down from last week’s 3.2 percent rate. A year ago, the 15-year FRM averaged 3.27 percent---

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