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U.S. Mortgage Rates Fall to Lowest in a Month

U.S. mortgage rates fell to the lowest level in a month after the International Monetary Fund’s cut to its global-growth outlook drove investors to the safety of the U.S. government bonds that guide borrowing costs.

The average rate for a 30-year fixed mortgage dropped to 4.12 percent from 4.19 percent last week, Freddie Mac said in a statement today. The average 15-year rate slipped to 3.3 percent from 3.36 percent, the McLean, Virginia-based mortgage-finance company said.