Mortgage rates dropped to a new record low last week as the average interest rate for a 30-year fixed-rate mortgage, with a conforming loan balance of up to $510,400, fell from 3.26% to 3.19% to, CNBC reported Wednesday. Points fell from 0.35 to 0.33 for loans with a 20% down payment: 63 basis points lower than the recent high in late March.
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