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Business

Mortgage interest rates to all-time low

By Christopher Quinn
May 31, 2012

Dropping bond yields are pushing mortgage interest rates to an all-time low, according to lending consolidator Freddie Mac.

Results from its Primary Mortgage Market Survey released Thursday show fixed mortgage rates for 30-year loans dropped from last week's 3.78 percent to 3.75 percent. That sets a new all-time record low for the fifth consecutive week, the agency said. The 15-year fixed interest rate was 2.97 percent.

--Christopher Quinn

About the Author

Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.

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