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Mortgage rates dropped again last week

The Freddie Mac Primary Mortgage Survey released on May 28, 2020, reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.15%, down from 3.24% last week. The 15-year fixed was 2.62%, down from 2.70% last week. The 5-year ARM was 3.13%, down slightly from 3.17% last week.

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