Average rate on 30-year fixed mortgage ties low of 3.94 pct.; 15-year also hits record

WASHINGTON — The average rate on the 30-year fixed mortgage fell back down to 3.94 percent, the record low set earlier in the fall.

Low rates offer a historic opportunity for those who can afford to buy or refinance. Still, few people are able to take advantage of the record-low rates or have already done so.

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Liz Sly, Craig Whitlock 16 Dec, 2011


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