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U.S. Mortgage Rates Fall to a Record Low for 12th Time This Year

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Mortgage rates in the U.S. fell to another record low.

The average for a 30-year, fixed loan dropped to 2.78%, the lowest in data going back to 1971, Freddie Mac said Thursday. It was the 12th record low this year. The previous one, 2.8%, held for two weeks.