<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
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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.