Economics

U.S. Mortgage Rates Tumble to a Record Low

Photographer: Sam Hall/Bloomberg
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U.S. mortgage rates fell once again to the lowest on record.

The average rate for a 30-year loan was 3.23%, down from 3.33% last week and the lowest in almost 50 years of data-keeping, Freddie Mac said in a statement Thursday. The previous record was 3.29%, reached in early March.