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Lucrative mortgage deals are likely to last a few more months, experts say (Detroit News)


If you've been waiting to see how low mortgage rates can go, you can stop. This is it. The latest surveys show the national average rate on 30-year mortgages stayed below 5 percent for the second or third week in a row, depending on which surveys you choose. While these ultra-low rates aren't likely to last for long, experts say rates will hover around 5.5 percent for at least a few months more.

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