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U.S. Mortgage Rates Slide to Lowest Since February at 2.9%

Suburban NYC Housing Frenzy Slows With Buyers Showing Fatigue
Photographer: Stephanie Keith/Bloomberg
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Mortgage rates in the U.S. dropped to the lowest in almost five months.

The average for a 30-year loan was 2.9%, down from 2.98% last week and the lowest since Feb. 18, Freddie Mac said in a statement on Thursday.