Rate on 30-year mortgage stays at record 3.87 pct.
WASHINGTON (AP) — The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance.
Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year home loan was unchanged at 3.87 percent. That's the lowest level since long-term mortgages began in the 1950s.
The average on the 15-year fixed mortg...
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