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Mortgage rates fall for third straight week


Mortgage rates fell for the third consecutive week ahead of Friday’s labor report, Freddie Mac reported.

Through Wednesday, the 30-year fixed rate averaged 4.1 percent, down four points. A year ago, the rate averaged 3.59 percent.  The 15-year fixed rate also fell,  but five-year hybrid adjustable rate mortgages rose marginally.

“After three straight weeks of declines, the 30-year mortgage rate is now barely above the 2017 low,” said Sean Becketti, chief economist, Freddie Mac. 


 

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