Mortgage Rates Hit New Record Low

Washington, DC, Oct. 5, 2012 -- Mortgage rates hit a new record low again after the Federal Reserve's latest action.

The average 30-year fixed-rate mortgage fell to an all-time low of 3.36%, according to Freddie Mac. The rate dropped from 3.40% the previous week.

The fixed-rate 15-year mortgage also hit a new record low of 2.69% from 2.73% a week earlier.

                                                                                                                                                                                                                         
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