Fixed mortgage rates fall to 2011 lows

Fixed mortgage rates fall to 2011 lows

Fixed mortgage rates hit the lowest point of the year for the third straight week.

Freddie Mac said Thursday the average rate on the 30-year loan fell to 4.60 percent from 4.61 percent. That’s the lowest point since mid-December. The average rate on the 15-year fixed mortgage, a popular refinance option, slipped to 3.78 percent from 3.80 percent. That marked the lowest level since late November.

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