30-year mortgage rates hit record low in U.S. cost dive
WASHINGTON — The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs for homebuyers.
The rate, published Thursday by Freddie Mac , is the lowest since the mortgage finance company began tracking the data in 1971. The previous record of 4.78 percent was set during the week ending April 30 and m...
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