The average rate for a 30-year fixed loan dropped to 4 percent in the week ended today from 4.1 percent, Freddie Mac said in a statement. The average 15-year rate fell to 3.31 percent from 3.38 percent, according to the McLean, Virginia- based mortgage-finance company.
Mortgage Rates in U.S. Decline With 30-Year Loan at 4%, Freddie Mac Says
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