U.S. Mortgage Rate for 30-Year Loans Decline to 3.39%
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U.S. mortgage rates fell, decreasing borrowing costs as the real estate recovery gains momentum.
The average rate for a 30-year fixed mortgage dropped to 3.39 percent in the week ended today from 3.41 percent, Freddie Mac said in a statement. The average 15-year rate declined to 2.7 percent from 2.72 percent, according to the McLean, Virginia-based mortgage-finance company.