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Mortgage rates fall in latest week. Freddie Mac cites worries over bank closures, and turmoil in financial markets

Mortgage rates fall in latest week. Freddie Mac cites worries over bank closures, and turmoil in financial markets

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The numbers: Mortgage rates are down for the first time in six weeks, as the U.S. economy deals with bank collapses and an uncertain road ahead.

The 30-year fixed-rate mortgage averaged 6.60% as of March 16, according to data released by Freddie Mac FMCC on Thursday. 

That’s down 13 basis points from the previous week — one basis point is…

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