Mortgage Rates for U.S. Loans Fall as 30-Year at 4.14%
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U.S. mortgage rates fell for a fourth week, reducing borrowing costs for homebuyers during the key spring selling season.
The average rate for a 30-year fixed mortgage was 4.14 percent this week, down from 4.2 percent and the lowest since late October, Freddie Mac said in a statement today. The average 15-year rate slipped to 3.25 percent from 3.29 percent, the McLean, Virginia-based mortgage-finance company said.