Freddie Mac: Mortgage rates flat this week

Long-term mortgage rates barely budged this week, mirroring last week's activity, Freddie Mac reported today.

The average rate on 30-year fixed loans held steady at 5.88 percent, while the average rate on 15-year fixed loans dipped to 5.4 percent from last week's 5.42 percent. A year ago the 30-year fixed averaged 6.17 percent and the 15-year averaged 5.89 percent.

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