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Rates on 30-year fixed-rate mortgage hit all-time low

According to MarketWatch, “Rates on 30-year fixed-rate mortgages averaged 4.78% this week, matching an all-time low in Freddie Mac’s weekly survey of conforming mortgage rates, released Wednesday.

The mortgage averaged 4.83% last week and 5.97% a year ago. This week’s average matched a low set the week ending April 30.”

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