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Mortgage Rates Hover Near 4%, Stressing Buyers Before Spring Selling Season
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Mortgage rates hovered just below 4% for a second week, maintaining stress on potential buyers facing high prices and low inventory.
The average rate for a 30-year fixed-rate loan was 3.89%, mortgage-finance giant Freddie Mac said Thursday, down slightly from 3.92% last week. At the beginning of the year, the average rate on America’s most popular home loan was 3.22%.
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