Average US long-term mortgage rate hits the lowest point in more than 3 years

MCLEAN, Va. (AP) — The average long-term U.S. mortgage rate is now down to its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate eased to 6.06% this week, down from 6.16% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 7.04%....

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