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U.S. Mortgage Rates Fall With 30-Year at the Lowest Since April

U.S. mortgage rates for 30-year loans fell to the lowest level since late April, reducing borrowing costs as the U.S. housing market enters its key selling season.

The average rate for a 30-year fixed mortgage was 3.72 percent, down from from 3.79 percent last week, Freddie Mac said in a statement Thursday. The average 15-year rate slipped to 3.01 percent from 3.07 percent, the McLean, Virginia-based mortgage-finance company said.