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Mortgage Rates fall significantly this Week

According to Freddie Mac mortgage rates showed a steep fall both for the 30 year fixed rate loans & 15 year fixed rate loans because of a weak economic report. This week the 30 year fixed rate loan fell from 4.35 % to 4.22 %. Similarly the 15 year fixed loan mostly used to refinance higher interest mortgages fell from 3.35 % to 3.27 % . Amid mostly rising rates this weeks fall was the steepest seen this year.

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