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Friday, May 13, 2016

Friday Rate Update

Freddie Mac: Mortgage Rates at 2016 Lows

Fixed mortgage rates fell for the third straight week and are at their low point for the year, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.57 percent, a three-year low. The 15-year FRM averaged 2.81 percent, down from 2.86 percent last week and 3.07 percent last year. 

--ABA Daily Newsbytes

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