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Mortgage Rates Low

Mortgage rates are now at their lowest level since last October.

Freddie Mac says the average rate for a 30 year, fixed-rate loan, fell to 4.14%.

These lower mortgage rates however are not boosting the housing market.

According to Mortgage Bankers Association stats, applications for mortgages to buy homes, have been running about 10 % behind the pace of a year ago.

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