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WASHINGTON, April 17 (Xinhua) -- U.S. fixed1 mortgage rates declined for a second consecutive2 week as housing construction data fell short of market expectation, a survey showed on Thursday.
The 30-year fixed-rate mortgage (FRM) slid to 4.27 percent in the week ending Thursday from 4.34 percent in the previous week, the lowest level since early February, showed the Primary Mortgage Market Survey by the U.S. mortgage giant Freddie Mac.
The 15-year FRM, a popular guide for those looking to refinance, edged down to 3.33 percent this week from 3.38 percent in the prior week, the survey revealed.
The five-year Treasury-indexed hybrid3 adjustable-rate mortgage (ARM) dropped to 3.03 percent from 3.09 percent last week, and the one-year Treasury-indexed ARM added to 2.44 percent from 2.41 percent in the prior week.
The survey said the easing of fixed mortgage rates will enhance home buyers affordability4 as the spring home buying season starts.
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1 fixed | |
adj.固定的,不变的,准备好的;(计算机)固定的 | |
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2 consecutive | |
adj.连续的,联贯的,始终一贯的 | |
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3 hybrid | |
n.(动,植)杂种,混合物 | |
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4 affordability | |
可购性 | |
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5 economist | |
n.经济学家,经济专家,节俭的人 | |
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