Mortgage rates register new lows

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Mortgage rates hit new lows again this week, with the 30-year fixed-rate mortgage averaging 4.57 percent with an average 0.7 point for the week ending July 8, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

That’s down from 4.58 percent last week and 5.20 percent a week ago, and the lowest surveyed by Freddie Mac since 1971.