U.S. 30-Year Mortgage Rates Slide to Record Low
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U.S. mortgage rates fell to a record low, reducing borrowing costs for homebuyers as sales slump after the expiration of a government tax credit.
Rates for 30-year fixed loans declined to 4.69 percent in the week ended today from 4.75 percent, mortgage-finance company Freddie Mac said in a statement today. The previous record was 4.71 percent, set in the week ended Dec. 3. The average 15-year rate was 4.13 percent, McLean, Virginia-based Freddie Mac said.