Economics
Mortgage Rates in the U.S. Drop to Near-Record Lows
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U.S. mortgage rates fell, decreasing borrowing costs after more Americans applied for home loans.
The average rate for a 30-year fixed mortgage was 3.32 percent in the week ended today, down from 3.34 percent, McLean, Virginia-based Freddie Mac said in a statement. The average 15-year rate slipped to 2.66 percent from 2.67 percent.