30-year fixed-rate near 5 percent

Low mortgage rates, falling prices boost affordability

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Prime borrowers able to put 20 percent down on a home purchase were offered 30-year fixed-rate mortgages this week at just above 5 percent, Freddie Mac said in announcing the results of its Primary Mortgage Market Survey.

The 30-year fixed rate mortgage averaged 5.08 percent with an average of 0.7 point, down from 5.14 percent a week ago and 6.35 percent a year ago, Freddie Mac said.