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Existing-home sales fall to the lowest level since August 2010

Sales of previously owned homes fell 5.5% in October to a seasonally adjusted annual rate of 3.75 million, the National Association of Realtors said.

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Why it matters: The average 30-year fixed-rate mortgage was 7.33% in October, according to Freddie Mac, up from 6.25% a year earlier.

For information only, not investment advice.

Existing-home sales fell 5.5% in October to a seasonally adjusted annual rate of 3.75 million, the lowest since August 2010, NAR said, with the average 30-year fixed-rate mortgage at 7.33%, according to Freddie Mac, up from 6.25% a year earlier.1

Sources

  1. Existing-Home Sales Decreased 5.5% in October, According to NAR Report, National Association of Realtors

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