Mortgage Rates Drop to Record Lows With 30-Year at 3.31%
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Mortgage rates in the U.S. dropped to a record for a second week, decreasing borrowing costs as housing demand strengthens.
The average rate for a 30-year fixed mortgage fell to an all-time low of 3.31 percent in the week ended today from 3.34 percent, McLean, Virginia-based Freddie Mac said in a statement. The average 15-year rate slipped to 2.63 percent, also a record, from 2.65 percent.