2011-05-05bloomberg.com

"The average rate for a 30-year loan dropped to 4.71 percent in the week ended today from 4.78 percent, according to Freddie Mac. That is the lowest since the week ended Jan. 13. The 15- year rate slid to 3.89 percent from 3.97 percent a week ago, the McLean, Virginia-based mortgage-finance company said."



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