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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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