Mortgage rates mostly hovered near their record lows this week, fueling more momentum for h0me purchases.
The 30-year fixed-rate mortgage, the most popular mortgage option among home buyers, averaged 3.37 percent this week, just above its record low of 3.36 percent, Freddie Mac reports in its weekly mortgage market survey. However, 15-year fixed-rate mortgages, popular among refinancers, dipped to a new low this week, averaging 2.66 percent.
The following are the national averages in mortgage rates for the week ending Oct. 18, according to Freddie Mac. Read more..
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