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VOL. 42 | NO. 32 | Friday, August 10, 2018

Average US mortgage rates decline; 30-year at 4.59 percent

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WASHINGTON (AP) — Long-term U.S. mortgage rates are down this week amid a restrained home buying season this summer.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages slipped to 4.59 percent from 4.60 percent last week. Long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24. By contrast, the rate stood at 3.90 percent a year ago.

The average rate on 15-year, fixed-rate loans fell to 4.05 percent this week from 4.08 percent last week.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0