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Economics

Mortgage Rates Fall to a Record Low for the 10th Time This Year

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Mortgage rates in the U.S. have hit another record low.

The average for a 30-year, fixed loan dropped to 2.81%, down from 2.87% last week and the lowest in almost 50 years of data-keeping, Freddie Mac said in a statement Thursday. It was the 10th record low this year. The previous one -- 2.86% -- held for about a month.