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By:
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Peter King - MortgageLoan.com | March 01, 2012
Mortgage rates settled back down this week, following a brief spike that moved 30-year loans off the all-time lows where they had been lodged for several weeks.
Interest rates on 30-year fixed-rate mortgages dropped to an average of 3.90 percent, slightly above their recent all-time lows, down from 3.95 percent last week, according to today’s Freddie Mac weekly rate survey. Average rates on 15-year fixed-rate loans were down as well, to 3.17 percent, down from 3.19 percent last week.