U.S. mortgage rates nudge down near historic low mark
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U.S. mortgage rates nudged down and remain at unprecedented levels, according to Freddie Mac. The 30-year fixed mortgage rate averaged 2.88 percent for the week ending Oct. 1 — down slightly from 2.90 percent last week. The record-low rate of 2.86 percent hit in early September, which marked the lowest since tracking began in 1971. A year ago, mortgage rates stood at 3.65 percent. Low mortgage rates help propel U.S. home sales and the refinance market. “As a result of low mortgage rates…
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