U.S. 30-Year Mortgage Rate Declines to Record 4.32%
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Mortgage rates for fixed 30-year U.S. loans dropped for the first time in four weeks, matching a record low, as housing demand remains depressed.
Rates for 30-year mortgages fell to 4.32 percent in the week ended today from 4.37 percent, Freddie Mac said in a statement. The average 15-year rate was 3.75 percent, according to the McLean, Virginia-based mortgage finance company.