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<p>A home sits for sale with a reduced price sign, in Bedford Hts., Ohio, Thursday, May 27, 2010. Mortgage rates have fallen to the lowest level of the year as European turmoil caused investors to pour money into the safe haven of U.S. government securities. (AP Photo/Amy Sancetta)</p>

<p>A home sits for sale with a reduced price sign, in Bedford Hts., Ohio, Thursday, May 27, 2010. Mortgage rates have fallen to the lowest level of the year as European turmoil caused investors to pour money into the safe haven of U.S. government securities. (AP Photo/Amy Sancetta)</p>

May 30, 2010

Stories this photo appears in:

Mortgage rates back near record low
May 30, 2010 9 p.m.

Mortgage rates back near record low

Average 30-year fixed loan sinks to 4.78 percent

WASHINGTON - Turmoil in the stock market and the European debt crisis are making life easier for American homebuyers and families looking to refinance: Mortgage rates are inching closer to a record low.