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VOL. 41 | NO. 13 | Friday, March 31, 2017
Average US 30-year mortgage rate falls to 4.10 percent
WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week for a third straight week, approaching their low points for the year.
Mortgage buyer Freddie Mac says the rate on 30-year fixed-rate home loans declined to 4.10 percent from 4.14 percent last week. The benchmark rate stood at 3.59 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to 1971.
The rate on 15-year mortgages eased to 3.36 percent from 3.39 percent.