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Freddie Mac

Average U.S. rate on 30-year mortgage eases to 3.93 percent

Average long-term U.S. mortgage rates edged lower this week, with the key 30-year loan rate remaining under 4%. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage ticked down to 3.93% from 3.94% a week earlier. A year ago, the average rate was 4.10%. The rate on 15-year fixed-rate mortgages eased this week to 3.15% from 3.17%. Investors and financial experts are watching for an anticipated interest-rate increase by the Federal Reserve next month, which could bring higher rates for home loans. The Fed has kept its key short-term rate near zero since the financial crisis year 2008. With mortgage rates at historically low levels and job growth...

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