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Mortgage Rates for 30-Year U.S. Loans Fall for Third Week

U.S. mortgage rates for 30-year loans fell for a third week, reducing borrowing costs as housing demand regains strength.

The average rate for a 30-year fixed mortgage was 4.12 percent this week, down from 4.14 percent, Freddie Mac said in a statement today. The average 15-year rate held at 3.22 percent, according to the McLean, Virginia-based mortgage-finance company.