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Freddie Mac: Mortgage rates down again despite new cut in Fed stimulus
Freddie Mac: Mortgage rates down again despite new cut in Fed stimulus

The great rate freakout of June 2013 looks awfully panicky in the rearview mirror, with fixed mortgages now far cheaper than they were back then. It's been a full year since the Federal Reserve unnerved home lenders and buyers by announcing it would choke back a stimulus program that had sent long-term borrowing costs to record lows. The average 30-year mortgage rate leaped from 3.93% to 4.46% that week, according to Freddie Mac's survey -- the biggest weekly jump since 1987. But instead of rising as feared, mortgage rates have drifted lower over the year. Freddie Mac said Thursday that lenders were offering 30-year loans to solid borrowers at an average of 4.14%, down from...

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