Mortgage rates fall as August kicks off

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Mortgage rates fell for the week ending August 4, 2016.

According to Freddie Mac's Primary Mortgage Survey, rates fell five basis points and settled near 2016 lows.

Thirty-year fixed-rate mortgages averaged three point four percent. Fifteen-year fixed rate mortgages averaged two point seven four percent.

Rates for Five-Year Treasury-indexed hybrid adjustable-rate mortgages averaged two point seven three percent.

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