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Mortgage rates fall toward record lows again

Posted by Bonnie Martin Designated Broker on Friday, January 18th, 2013 at 8:54am. - The average rate on 30-year fixed mortgages inched down toward its record low this week, helping to keep home buying affordable.

Mortgage buyer Freddie Mac says the rate on the 30-year loan dipped to 3.38% from 3.40% last week. It's slightly above the 3.31% rate reached in November, lowest on records dating to 1971.

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