Mortgage Rates Drop
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Mortgage Rates Fall to Lowest Level of the YearMortgage rates fell this week to the lowest level of the year, as rates fell on U.S. government securities. Fixed mortgage rates closely track interest rates paid on long-term Treasury bonds.
The average rate on a 30-year fixed rate mortgage dipped to 4.93 percent this week from 5 percent a week earlier. It was the lowest level since mid-December, when rates averaged 4.81 percent. Low interest rates and low housing prices set Naples Florida up as a great buying opportunity.
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