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THE LATEST Business NEWS
In Brief

Mortgage rates sink to lowest level on record

WASHINGTON — Mortgage rates fell this week to the lowest level on record, giving consumers added incentive to lock in low payments on home purchases and refinancings. Mortgage company Freddie Mac said Thursday that the average rate for 30-year fixed loans sank to 4.69 percent, from 4.75 percent last week.

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Source: AAA