Mortgage Rates Fall to Record 4.44% for Fixed Loans
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U.S. mortgage rates set a record low for the eighth straight week after the Federal Reserve said it would buy more government debt to support economic recovery.
The average rate of a 30-year fixed-rate mortgage dropped to 4.44 percent in the week ended today from 4.49 percent, Freddie Mac said in a statement. That was the lowest since the McLean, Virginia-based mortgage finance company began compiling the data in 1971. The average 15-year rate was 3.92 percent.