Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.79%
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Mortgage rates in the U.S. fell to a record for a third straight week, reducing borrowing costs as the housing market improves and home-loan defaults decline.
The average rate for a 30-year fixed loan dropped to 3.79 percent in the week ended today from 3.83 percent, Freddie Mac said in a statement. It was the lowest in the McLean, Virginia-based mortgage-finance company’s data dating to 1971. The average 15-year rate decreased to 3.04 percent, also a record, from 3.05 percent.