Stamford Advocate

Average mortgage rates fall again


Mortgage rates fell for a second straight week amid signs of economic improvemen­t. Mortgage buyer Freddie Mac reports that the benchmark 30-year home-loan rate declined to 3.04 percent this week from 3.13 percent last week. At this time last year, the longterm rate was 3.31 percent. The rate for a 15-year loan dipped to 2.35 percent from to 2.42 percent last week. Last week’s decline was the first in more than two months. Mortgage rates have been at historical­ly low levels, but strong demand and low supply of available homes have pushed prices higher in recent years.

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