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Mortgage rates drop to 9th record low this year

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Mortgage rates fell to the ninth record low in 2020, according to Freddie Mac data.

The average interest rate on a 30-year fixed-rate mortgage dipped to 2.86%, marking the lowest level in the nearly 50 years Freddie Mac has conducted a weekly survey of rates.

The average interest rate on a 15-year fixed-rate mortgage fell to 2.37%.

Read more from CNN Business.

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