Rates drop for 30-year mortgages

The average rate for a 30-year fixed home loan was 5.2% this week, down from 5.32% last week, mortgage company Freddie Mac said.
The average rate on a 15-year fixed-rate mortgage fell to 4.69%, down from 4.77%. Five-year adjustable-rate mortgages were 4.82%, down from 4.88% a week earlier. One-year adjustable-rate mortgages fell to 4.82% from 4.94%.
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