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Average fixed mortgage rates slipped this week, in response to a decline in 10-year Treasury yields and an underwhelming March jobs report.
The average interest rate on a 30-year, fixed-rate mortgage was 4,34 percent this week, compared with 4.41 percent last week, Freddie Mac said in its weekly survey. A year ago, the average rate was 3.43 percent.
On a 15-year, fixed-rate mortgage, the average rate was 3.38 percent. That compared with 3.47 percent last week and 2.65 percent in the same week a year ago.
