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27 January . 2020

Mortgage Interest Rates Hit 3-Month Low

It's good news for home mortgage shoppers as Freddie Mac today reports that a 30-year fixed-rate mortgage averaged 3.60%. Last year mortgage shoppers were averaging 4.45% for a 30-year fixed-rate loan. Interest rates are nearly at all-time lows and it is helping home shoppers as new home construction and home sales react to these favorable financial conditions.

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