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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

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