Mortgage rates fall to a 20-month low

mortgage rates

Mortgage rates continue to fall. According to an article by the Associated Press published on DailyFinance.com, rates are the lowest they have been in almost two years.

Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped further below 3 percent.

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