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Average long-term US mortgage rate lowest since September
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File - A "For Sale" sign stands in front of a house in Rochester, New York, on Monday, January 17, 2022. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. - photo by AP Photo/Ted Shaffrey, File
WASHINGTON (AP) — The average long-term U.S. mortgage rate fell this week to its lowest level since September, a potential boost to the housing market which has been in decline for nearly a year. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell to 6.15% from 6.33% last week. A year ago the average rate was 3.56%.