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Rates Are Trending Downward Still; 15-Year Hits Record Low

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Record high-levels of homebuyer affordability continue as rates drop and stay near their 60-year lows, according to Freddie Mac’s Primary Mortgage Market Survey. The 15-year fixed hit an all-time record low of 3.13 percent. Aside from the 1-year ARM, all rates saw a decrease. The 30-year fixed-rate mortgage averaged 3.88 percent (0.8 point) for the week ending March 8, a decrease compared to las...

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