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Bond Yields Pull Mortgage Rates Down 

Mar 19, 2009By

After a slight drop last week, mortgage rates continued to fall in the week ending March 19, reaching near-record lows, according to Freddie Mac’s [stock FRE][/stock] Primary Mortgage Market Survey released Thursday. 30-year fixed-rate mortgages averaged 4.98 percent with an average 0.7 point, down from last weeks 5.03 percent average, and significantly below the average last year at this time — 5.87 percent.

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