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Mortgage Rates Hover Near All-Time Lows

Long-term U.S. mortgage rates inched in different directions last week but stayed near the record lows set a week earlier. So reports the Associated Press.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.26% during the week ending May 7, up from an all-time low of 3.23%.

The 15-year fixed-rate mortgage averaged 2.73%, down from 2.77% the prior week.

Read the full article from the Associated Press

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