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Mortgage Rates Down to New Record Low

By Holden Lewis • Bankrate.com Another week, another record low for mortgage rates. The benchmark 30-year fixed-rate mortgage fell 6 basis points to 5 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. That’s the lowest rate on the 30-year fixed in the history of…Read the Rest of Article

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