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Rate on 30-year fixed mortgage falls to 3.98 pct.

  • Listed: November 23, 2011 6:49 pm

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WASHINGTON-The average rate on the 30-year fixed mortgage hovered above its record low for a fourth straight week. But cheap mortgage rates have done little to boost home sales or refinancing. says the rate on the 30-year fixed loan fell to 3.98 percent from 4 percent the previous week. Seven weeks ago, it dropped to a record low of 3.94…

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