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Mortgage rates are back near record low (AP)

A sold sign is posted in front of a new home in a housing development in Pacifica, California. Sales of existing US homes rose more than expected in April as homebuyers rushed to meet a federal tax credit deadline and the economy showed signs of recovery, an industry group said Monday.(AFP/Getty Images/Justin Sullivan)AP - 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.