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U.S. Mortgage Rates Slip to a Two-Month Low

Mortgage rates in the U.S. fell to the lowest in two months, decreasing borrowing costs after a weak March employment report.

The average rate for a 30-year fixed mortgage was 3.66 percent, down from from 3.7 percent last week, Freddie Mac said in a statement Thursday. The average 15-year rate declined to 2.93 percent from 2.98 percent, the McLean, Virginia-based mortgage-finance company said.