Average US rate on 30-year mortgages falls to 3.86 percent

Average long-term U.S. mortgage rates declined this week following the Federal Reserve's decision to keep interest rates at record lows for now. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage fell to 3.86 percent from 3.91 percent a week earlier. The rate on 15-year fixed-rate mortgages eased to 3.08 percent ...

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Average US rate on 30-year mortgages falls to 3.86 percent

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