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Mortgage rates fall for a second week, Freddie Mac says
Mortgage rates fall for a second week, Freddie Mac says

Mortgage rates fell this week, with lenders offering a 30-year fixed loan at an average of 3.69%, down from 3.78% a week ago, Freddie Mac said. The mortgage giant’s weekly survey, released Thursday, showed the average rate on a 15-year fixed mortgage fell to 2.97% from 3.06% last week. The initial rate on loans fixed for five years before adjusting dropped to 2.92%. Low rates could spur more home sales during the spring buying season. It’s too early to tell if cheaper borrowing costs and recent robust job growth will ignite a housing market that has slowed in the last year. Southern California home sales dropped in February. And the volume of previously owned homes sold...

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