U.S. Mortgage Rates at 4-Month Low Fall for Second Week
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U.S. mortgage rates dropped for a second week, keeping borrowing costs at a four-month low as the Federal Reserve signaled that it would press on with its stimulus plan aimed at holding rates down.
The average rate for a 30-year fixed mortgage fell to 4.1 percent the week ended today from 4.13 percent, Freddie Mac said in a statement. The average 15-year rate declined to 3.2 percent from 3.24 percent.