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According to Freddie Mac, the 30-year fixed-rate averaged 2.87% in the week ending October 8, down one basis point from the previous week and only one basis point above their record low reached a month earlier.
“The year-long slide in mortgage rates seems to be ending as rates have flattened over the last month and the economic rebound has slowed,” said Sam Khater, Freddie Mac’s chief economist.