Home / Finance / U.S. home sales near 10-year high as mortgage rates rise

U.S. home sales near 10-year high as mortgage rates rise

U.S. home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, likely as buyers rushed into the market to lock in mortgage rates in anticipation of further increases in borrowing costs. The third straight monthly increase in existing home sales, reported by the National Association of … Read entire story.

Source: Personal Finance News Headlines – Yahoo! News

Check Also

Image 111717-The-Closer-Sample.png

The Closer: End of Week Charts — 11/17/17

Looking for deeper insight on global markets and economics?  In tonight’s Closer sent to Bespoke clients, we recap weekly price action in major asset classes, update economic surprise index data for major economies, chart the weekly Commitment of Traders report from the CFTC, and provide our normal nightly update ...