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Month: July 2012

US fixed mortgage rates fall to new record lows

WASHINGTON (AP) – Fixed U.S. mortgage rates fell again to new record lows, providing prospective buyers with more incentive to brave a modestly recovering housing market. Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan dropped to 3.62 percent. That’s down from 3.66 percent last week and the lowest since long-term…