Mortgage Rate Falls to 4.52%

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According to Freddie Mac, interest rates have declined in five of the past six weeks and that offers some relief to home buyers in the market.

The average rate on a 30-year, fixed rate mortgage dropped to 4.52 and the average rate for a 15-year, fixed-rate loan decreased to 3.99. To calculate rates, Freddie Mac surveys lenders throughout the country on a twice-weekly basis.

Home buyers are happy!

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