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U.S. Mortgage Rates Fall for the First Time in a Month

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Mortgage rates in the U.S. fell for the first time in a month, cutting costs for buyers during the housing market’s busiest time of the year.

The average rate for a 30-year fixed mortgage slipped to 3.84 percent from 3.85 percent last week, Freddie Mac said in a statement Thursday. The average 15-year rate declined to 3.05 percent from 3.07 percent, according to the McLean, Virginia-based mortgage-finance company.