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Average US rate on 30-year mortgage at 4.13 pct.

WASHINGTON — Average US rates on fixed mortgages dropped this week to the lowest levels in four months, a positive sign for the housing recovery.

Mortgage buyer Freddie Mac said the average rate on the 30-year loan fell to 4.13 percent, down from 4.28 percent. The average on the 15-year fixed loan declined to 3.24 percent from 3.33 percent. Both averages are the lowest since June 20.

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Mortgage rates have been falling since September, when the Federal Reserve held off slowing its $85-billion-a-month in bond purchases. The bond buys are intended to keep longer-term interest rates low, including mortgage rates.

And a slowdown in hiring in September makes it more likely that the Fed will continue its stimulus into next year.

Mortgage rates tend to follow the yield on the 10-year Treasury note. It traded at 2.50 percent Wednesday, down sharply from 2.61 percent last Thursday.

To calculate average mortgage rates, Freddie Mac surveys lenders on Monday through Wednesday each week. The average doesn’t include points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

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