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Freddie Mac: Mortgage rates hold steady; 30-year averaging 4.12%
Freddie Mac: Mortgage rates hold steady; 30-year averaging 4.12%

Mortgage rates are moving fast in one direction this summer -- sideways.  Freddie Mac's weekly survey, out Thursday, showed the average rate for a 30-year fixed-rate home loan was 4.12%, practically unchanged from last week's 4.13%. At that rate, a borrower with a $300,000 mortgage would have to pay $1,454 a month in principal and interest. In the month before the latest surveys, Freddie reported the following averages for the 30-year loan, the most widely used home-financing option: 4.13%, 4.15%, 4.12% and 4.14%. The survey by the government-sponsored mortgage finance firm asks lenders about the terms they are offering to low-risk borrowers who pay less than 1% of the...