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Mortgage rates fall; 30-year fixed at 3.75%, Freddie Mac says
Mortgage rates fall; 30-year fixed at 3.75%, Freddie Mac says

Mortgage interest rates fell for the first time in four weeks, with Freddie Mac's survey showing lenders offering conventional 30-year fixed-rate loans at an average of 3.75%, down from 3.8% a week ago. The 15-year fixed-rate home loan, a way to build equity and pay off debt faster, was averaging 3.03% compared to 3.07%, according to the survey, released Thursday. A downward revision of fourth-quarter economic growth figures and a decline in consumer prices contributed to the easing of rates, said Len Kiefer, the deputy chief economist at Freddie Mac. Rates for fixed 30-year loans have remained below 4% since late November, remarkably low by historical standards. They are now at...

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