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2310 Gulf Drive North, #206, Bradenton Beach, Florida 34217
2310 Gulf Drive North, #206, Bradenton Beach, Florida 34217
Beauty and the Beach!... Delightful, Direct Gulf Front, 2 bedroom/1 bathroom corner condo on beau...
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Key Royale Boat Dock, Holmes Beach, Florida 34217
Key Royale Boat Dock, Holmes Beach, Florida 34217
SOLD: Here is a great opportunity to own a rarely available 16' wide boat slip on a Key ...
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8027 Marina Isles Lane, Holmes Beach, Florida 34217
8027 Marina Isles Lane, Holmes Beach, Florida 34217
SOLD: Dolphin Watch . . . an exclusive and serenely private, luxury, bay front residence of ...
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907 North Shore Drive, Anna Maria, Florida 34216
907 North Shore Drive, Anna Maria, Florida 34216
SOLD: Old Florida charm opens to big, beautiful, bay views from this 3 bedroom / 3 bathroom ...
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6 Lakeview Place, Anna Maria, Florida 34216
6 Lakeview Place, Anna Maria, Florida 34216
Tucked away on a quiet cove off Lake La Vista in the village of Anna Maria is this magnificently ...
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Mortgage Rates Hit Lowest Level In Decades

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By ALAN ZIBEL, AP Real Estate Writer

WASHINGTON – Mortgage rates dropped to the lowest level in decades for the sixth time in seven weeks, offering the most attractive opportunity for those who qualify to refinance or purchase a home.

Government-controlled mortgage buyer Freddie Mac said Thursday that the average rate for 30-year fixed loans this week was 4.49 percent, down from 4.54 percent last week. That’s the lowest since Freddie Mac began tracking rates in 1971.

The average rate on the 15-year fixed loan dropped to 3.95 percent, down from 4 percent last week and the lowest on record.

Rates have fallen since spring as investors seek the safety of U.S. Treasury bonds. That has lowered the yield on Treasurys. Mortgage rates tend to track those yields.

The last time home loan rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years.

Low rates have sparked some activity in the weak housing market, but not a massive boom in refinancing.

Applications to refinance loans increased 1.3 percent and those to purchase homes increased 1.5 percent, according to the Mortgage Bankers Association.

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