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Continued uncertainty in Europe and low inflation at home push the average interest rate for a 30-year loan to 4.84%, Freddie Mac survey shows. Mortgage rates continued their slide toward record lows this week as fallout from the European debt crisis and dormant inflation proved to be boons for Americans buying or refinancing homes.

Economic crisis leads to lower mortgage rates

U.S. borrowers can get the cheapest mortgages this year, thanks to worries over European debt. The average 30-year fixed mortgage dipped to 4.84%.

Mortgages

U.K. Mortgage Approvals Decline to Lowest in a Year (Update1)

May 21 (Bloomberg) -- U.K. mortgage approvals fell in April to the lowest in almost a year as tighter credit conditions curbed demand from first-time buyers, preliminary data from the Bank of England showed.