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Mortgage Rates Fall For Fifth Consecutive Week

Mortgage Rates Fall For Fifth Consecutive Week

| May 29, 2014 | Housing Market

Fixed rate mortgages have fallen once again, making this the fourth consecutive week rates have dropped. According to Freddie Mac, the average national 30-year Fixed-rate Mortgage fell from 4.14% last week to 4.12% this week, while the average national 15-year Fixed-rate Mortgage decreased from 3.25% last week to 3.21% this week. Additionally, the number of Americans signing contracts to buy new homes has increased. More here

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