U.S. mortgage rate for 30-year loans sinks to new record low
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(Worthy News) – Long-term mortgage rates in the United States have fallen to a record low for the 16th time this year.
Freddie Mac’s primary mortgage rate average fell in December to 2.66%, the lowest rate in the history of the survey, which has been conducted since 1971.
The 30-year fixed-rate mortgage fell 0.01% from the week’s previous average low of 2.67%. The current rate is nearly 1 point lower than the 3.74% average rate a year ago. [ Source: UPI (Read More…) ]
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