WASHINGTON (MarketWatch) -- The average rate for a 30-year fixed-rate mortgage declined to 4.29% in the week that ended May 1 from 4.33% in the prior week, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac (FMCC). A year ago, the 30-year rate was at 3.35%. The average rate for the 15-year fixed-rate mortgage ticked lower to 3.38% in the latest week from 3.39% in the prior week.
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