Mortgage rates inched down again last week and pending home sales unexpectedly increased, in cautious signs of life for the battered US housing market just as the spring buying season gets underway. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed mortgages fell for the third straight week, to 6.32 percent, from 6.42 percent a week ago. That's higher than the average rate 12 months ago, which was 4.67 percent, but still marked relief for prospective homebuyers after a year of aggressive policy rate increases from the in a bid to tame .
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