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Mortgage rates hit record low

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Friday, October 05, 2012

Mortgage rates hit another record low, with the average 30-year mortgage at 3.36%.

It's good news for buyers and for those who are thinking about refinancing to reduce their monthly payment.

"We don't know if this is the bottom, but it's the lowest we've seen so far. And it's good enough for people who have been on the fence," said JJ Lee Kwai, Mortgage Broker with Rose City Mortgage.

Read more at KGW.

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