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Mortgage rates reach new record lows
Fixed mortgage rates have slipped to new record lows, according to the latest weekly results from McLean-based Freddie Mac.
A 30-year fixed-rate mortgage averaged 3.34 percent for the week ending Nov. 15, down from 3.40 percent from the prior week. It breaks the previous record of 3.36 percent set the week of Oct. 4.
A 15-year fixed-rate mortgage averaged 2.65 percent, barely passing the record low of 2.66 percent set the week of Oct. 18. Last week, the 15-year rate averaged 2.69 percent.
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