Fixed related mortgage rates declined for the third straight week, according to Freddie Mac's weekly survey.

For the week ending March 3, 30-year fixed mortgage rates averaged 4.87% with an average 0.7 point, down eight basis points from last week and 18 basis points from the week ending Feb. 10. The no-point rate is at 5.05% and brings a portion of the 5% coupon back into the refinancing window.

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