Mortgage Rate Hits a 4-Year Low at 5.47%

By AMY HOAKand RUTH SIMON

Rates on fixed-rate home mortgages fell again this week, bringing the 30-year fixed-rate to its lowest level in more than four years, according to Freddie Mac's weekly survey.

The 30-year fixed-rate mortgage averaged 5.47% for the week ended Dec. 11, down from last week's 5.53% average and 6.11% a year ago. The rate hasn't been lower since March 25, 2004, when it averaged 5.40%.

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