April home sales decline despite a boost in listings and lower mortgage rates, but prices climb to a record causing many would-be buyers to hold off.
Long-term mortgage rates inched lower for the period ending May 16, giving home-shoppers a bit more buying power.
30-year: 4.07% vs. 4.10% a week ago
15-year: 3.53% vs. 3.57% a week ago
Source: Freddie Mac
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