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Mortgage rates fall; 30-year averaging 3.66%, Freddie Mac says
Mortgage rates fall; 30-year averaging 3.66%, Freddie Mac says

Fixed mortgage rates moved lower this week on news of weakness in the labor markets, with Freddie Mac saying lenders were offering conventional 30-year loans at an average of 3.66%, down from last week’s 3.7% The average offering rate for 15-year loans, which are popular with refinancers, dropped to 2.93%, from 2.98%, the home finance giant reported. In the latest sign that economic growth may be slowing, the Labor Department said Thursday that claims for first-time unemployment benefits rose last week from a 15-year low set the previous week. Jobs are a key indicator for analysts considering when the Federal Reserve may increase a benchmark short-term lending rate from near...

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