Average 30-year mortgage rates drops to 4.21%

USA TODAY: Average U.S. rates on fixed mortgages fell this week for a second straight week as the spring home-buying season has gotten off to a slow start.

Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan declined to 4.21% from 4.29% last week. The average for the 15-year mortgage eased to 3.32% from 3.38%.

Mortgage rates have risen almost a full percentage point since hitting record lows about a year ago… (more)

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