Fixed mortgage rates fall after four weeks of gains


Average fixed mortgage rates fell in the past week after four consecutive weeks of increases, according to the latest Freddie Mac survey.

For the week ended today, the 30-year fixed-rate mortgage averaged 4.28% vs. 4.37% a week ago, and the 15-year fixed averaged 3.32% vs. 3.39% in the previous week.

A year ago, the 30- and 15-year fixed rates averaged 3.52% and 2.76%, respectively.

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