Rate on 30-year mortgage falls to record 3.87%
In brief
Mortgage rate hits 3.87%
WASHINGTON — The average rate on the 30-year fixed mortgage fell this week to a record low, for the ninth time in the last year. Mortgage buyer Freddie Mac said Thursday the rate on the 30-year loan dropped to 3.87 percent. The previous record of 3.88 percent came two weeks ago. The average on the 15-year fixed mortgage fell to 3.14 percent, also a record low. Re...
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