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Thursday, April 2, 2020  Spokane, Washington  Est. May 19, 1883
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News >  Business

Average U.S. 30-year mortgage rate falls to 3.95 percent, a 2017 low

Associated Press

WASHINGTON – Long-term U.S. mortgage rates fell this week to their lowest levels of the year. The benchmark 30-year rate dipped below the key 4 percent mark.

Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate home loans tumbled to 3.95 percent from 4.02 percent last week. The rate stood at 3.64 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to 1971.

The rate on 15-year mortgages slipped to 3.19 percent from 3.27 percent last week.

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