Mortgages: Rates Again Approaching Record Lows…

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NEW YORK – Mortgage rates continue to slide toward near-record lows.

Freddie Mac reported its Primary Mortgage Market Survey last week found the average rate on 30-year fixed mortgages had fallen to 4.32%, down from 4.39% one week earlier and just 15 basis points away from the record low of 4.17% set in November 2010.

Rates on 15-year fixed mortgages set a new record for the second week in a row, falling to 3.5%, down from 3.54% last week.

Some analysts, meanwhile, say rates could go even lower, following Treasury yields on the way down.

 

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