The 30-year fixed-rate mortgage averaged 5.9 percent in Freddie Mac's latest Primary Mortgage Market Survey. The 30-year plunged 42 basis points from last week to its lowest level since the week ended April 17 -- when it stood at 5.9 pecent. The average 30-year was 6.3 percent 12 months ago. The average 15-year fixed-rate mortgage fell 43 BPS from a week earlier.
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