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Mortgage rates

Long-term mortgage rates remained steady for the period ending Aug. 15, as consumers continue to enjoy the lowest rates in three years. 
30-year: 3.60%, no change from a week ago
15-year: 3.07% vs. 3.22% a week ago
Source: Freddie Mac 




Must-reads from the web

OC Register: 5 of 30 worst-performing housing markets in CA

Oh, oh. Is the housing bubble about to burst? Data points to some trouble. 

Bloomberg BusinessWeek: Home flipping gains are slowing

The home-flipping craze has been, well, crazy in recent years, thanks to HGTV. But those head-turning gains are becoming more like head-hanging losses.

Bloomberg BusinessWeek: More Californians are leaving for Boise, Reno

Affordability and politics, in some cases, are causing more Californians to leave the Golden State for Boise, Reno and other cities in the West.  

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