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US rate on 30-year mortgage falls to 4.29 percent

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WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell this week after last week's surge. The declines could prompt homebuyers to act quickly before rates rise further. Freddie Mac said Wednesday that the average on the 30-year loan dropped to 4.29 percent. That's down from 4.46 percent last week, the highest in two years and a full point more than a month ago. The average on the 15-year...

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