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Mortgage Rates Move Lower for Second Consecutive Week

Screen Shot 2016-06-16 at 10.08.52 AM

The 10-year Treasury yield continued its free fall this week as global risks and expectations for the Fed’s June meeting drove investors to the safety of government bonds. The 30-year mortgage rate responded by falling 6 basis points for the second straight week to 3.54 percent–yet another low for 2016.

Interest Rates

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JOE KASEL
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