In the real estate arena, mortgage rates dropped, putting the average for a 30-year mortgage to 5.22%. This drop in rates may lead to an increase in demand for homes, as well as a jump in the number of people looking to refinance their loans.
Overall, all three major U.S. indexes are down in morning trading. The Dow Jones Industrial Average dropped 0.1%, the S&P 500 gave up 0.3% and the Nasdaq declined by 0.5%.
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Kevin Grewal contributed to this article.
