WASHINGTON – Long-term U.S. mortgage rates fell this week, breaking a holding pattern that prevailed for more than a month.
Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans declined to 4.10 percent from 4.16 percent last week. The benchmark rate stood at 3.64 percent a year ago and averaged 3.65 percent through 2016, the lowest level in records dating to 1971.
The rate on 15-year mortgages slipped to 3.32 percent from 3.37 percent last week.
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