Freddie Mac reports that mortgage rates remained under the 5% mark for the second consecutive week, with the average interest on a 30-year fixed loan coming in at 4.95% from 4.97% a week earlier.
Meanwhile, interest on 15-year fixed loans averaged 4.32% versus 4.33% the previous week. Rates on five-year, adjustable-rate mortgages settled at 4.05%, a decline from 4.11% last week.
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