Mortgage Rates Hit New Low at 4.32%

Average mortgage rates hit another record low according to Freddie Mac’s weekly survey of mortgage rates.

The 30-year fixed-rate mortgage averaged 4.32% for the week ended Thursday, down from the prior week’s 4.36% average and 5.08% a year earlier. It has set or matched a record low for 11 weeks in a row; Freddie started keeping track of such rates in 1971.

Source: Wall Street Journal

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