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Lowest rate ever for 1st-time homebuyers

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Minnesota Housing lowered its interest rate today on a 30-year fixed rate mortgage to 2.75 percent.

This rate is the lowest rate offered in the agency's history and is currently lower than any other comparable housing finance agency loans in the country.

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"Being able to offer a rate of 2.75 percent can make the difference between renting and the ability to buy a home," said Mary Tingerthal, Commissioner of Minnesota Housing.

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