WASHINGTON, DC-Due to a decline in Treasury yields, fixed mortgage rates went down as well this week. According to Freddie Mac, the average rate on a fixed mortgage for 30 years declined from 5.05% to 5% while the average rate for fixed home loan for 15 years declined from 4.29% to 4.27%.
The decline occurred after the US government unveiled its $3.7 trillion budget request for the next year. For the full story, go to Chicago Sun-Times.
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