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Freddie Mac: Mortgage rates down again; 30-year averaging 4.12%
Freddie Mac: Mortgage rates down again; 30-year averaging 4.12%

Fixed mortgage rates declined for the fifth straight week, with Freddie Mac reporting that lenders were offering 30-year home loans at an average of 4.12%, down from 4.14% a week earlier. The average offering rate for a 15-year fixed loan fell to 3.21% from 3.25%, Freddie Mac said in its weekly report, released Thursday morning. The rates were the lowest so far in 2014, defying the expectations of economists, who had expected the 30-year rate to rise to 5% this year. Borrowers are benefiting from a rush of investors into the bond market, where strong demand for Treasury securities is driving interest rates down. Ten-year Treasury notes are a benchmark for long-term mortgage rates. ...

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