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Mortgage rate predictions for August 2014

from The Mortgage Reports

According to Freddie Mac's weekly mortgage rate survey of more than one hundred banks, the average 30-year mortgage rates dropped one basis point recently to reach 4.12 percent; and the average 15-year mortgage rates dropped three basis points. Mortgage interest rates are near a 14-month low. Homebuyers have benefitted from low rates all year. Now, refinancing households are benefitting, too. more

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