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U.S. Mortgage Rates Slide With 30-Year at Two-Month Low of 4.32%

Mortgage rates for 30-year U.S. loans tumbled to a two-month low after the Federal Reserve said it wouldn’t reduce its pace of monthly bond buying.

The average rate for a 30-year fixed mortgage dropped to 4.32 percent from 4.5 percent, Freddie Mac said in a statement today. The average 15-year rate decreased to 3.37 percent from 3.54 percent, according to the McLean, Virginia-based company.