Morning Minute: Mortgage rates fall lower this week

Freddie Mac reported this week that fixed mortgage interest rates dipped this week amid global financial uncertainty. The 30-year, fixed-rate mortgage averaged 4.04 percent while the 15-year, fixed-rate mortgage averaged 3.20 percent. Both are lower than last week as well as last year, which benefits current homebuying activity, according to Freddie Mac. Read the full release.

In other headlines:

Survey Shows Value of Like-Kind Exchanges – National Association of REALTORS®

CoreLogic: April distressed sales drop to lowest level since 2007 – HousingWire

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