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VOL. 38 | NO. 30 | Friday, July 25, 2014

Average US 30-year mortgage rate at 4.12 percent

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WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year.

Mortgage company Freddie Mac says the nationwide average for a 30-year loan slipped to 4.12 percent from 4.13 percent last week. The average for the 15-year mortgage, a popular choice for people who are refinancing, declined to 3.23 percent from 3.26 percent last week.

Mortgage rates are below the levels of a year ago. They have fallen in recent weeks after climbing last summer when the Federal Reserve began talking about reducing the monthly bond purchases it was making to keep long-term rates low.

The Fed issued a statement Wednesday after a two-day policy meeting suggesting that it wants to see further improvement in the economy before it starts raising its key short-term interest rate.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0