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Mortgage rates tick down as volatility persists
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The average rate for a 30-year fixed-rate mortgage dipped slightly this week as volatility continues in the cooling U.S. housing market.
Freddie Mac's latest Primary Mortgage Market Survey released Thursday shows the average rate for the popular 30-year fixed-rate mortgage is now at 5.13%, down from 5.22% from last week but well above the 2.86% average a year ago.
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