U.S. Mortgage Rates Decline, With 30-Year at a Record-Low 3.56%
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U.S. mortgage rates dropped, with 30-year loans reaching a record low for a fourth straight week, amid signs of improvement in the housing market.
The average rate for a 30-year fixed mortgage fell to 3.56 percent in the week ended today, the lowest in Freddie Mac records dating to 1971, from 3.62 percent. The average 15-year rate dropped to 2.86 percent, also a record, from 2.89 percent, the McLean, Virginia-based mortgage-finance company said today in a statement.