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30-year mortgage rate falls to near record lows

LOS ANGELES The debt crisis in Europe that has unhinged global stock markets also has helped push U.S. mortgage rates back toward record lows, prompting a surge in refinancing. Freddie Mac reported Thursday that the average rate offered on 30-year fixed-rate home loans sank to 4.78 percent this week, down from 4.84 percent last week and not far from the record low of 4.71 percent set late last …


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