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Friday, March 7, 2014

Stat of the Week: Mortgage Rates Reverse Course This Week

Yay, mortgage interest rates dropped a bit this week after a four week climb, according to Freddie Mac.  30-year fixed rates averaged 4.28% and 15-year fixed rates averaged 3.32%.  Last year those average rates were 3.52% and 2.76%  So yes, rates are up a bit from their historic lows of the last few years but still are very very good.

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