Spring blooms with lower mortgage rates

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Luxury Connect | Oct. 16-18 | Beverly Hills

April showers are said to bring May flowers, but this spring season, they are also bringing lower mortgage rates, Freddie Mac said this week. According to the government sponsored enterprise’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.65 percent this week, down from last week when it averaged 3.67 percent. A year ago at this time, the 30-year FRM averaged 4.33 percent.