US long-term rates fall; 30-year at 4.54 percent

Long-term U.S. mortgage rates fell this week for the second straight week, providing a helpful jolt for potential home buyers. Last week’s decline followed weeks of increases that pushed long-term loan rates to their highest levels in seven years. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.54 percent, down from 4.56 percent last week.

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Source: Lincoln Journal Star