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2012-06-29 09:54:11
Mortgage Rates Hold Steady!


2452 F St, San Diego CA 92102


The average U.S. rate for a 30-year fixed mortgage held steady this week.
Mortgage buyer Freddie Mac says the average on the 30-year loan was 3.66%. 
That's unchanged from last week and the lowest since long-term mortgages 
began in the 1950s.    

The average rate on the 15-year mortgage, a popular refinancing option, slipped 
to 2.94%. That's down from 2.95% last week and matches the record-low 2.94% 
reached three weeks ago.
Frank Nothaft, Freddie Mac chief economist, said the continued low rates should 
help support a recovering housing market. He noted that both the Federal Housing 
Finance Agency (FHFA) and the S&P/Case Shiller home price indices showed a 
0.5 percent increase in U.S. home prices in April.
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