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

Homes are seen for sale in the southwest area of PortlandU.S. home resales unexpectedly rose &#1110n November, reaching th&#1077&#1110r peak level &#1110n nearly 10 years, &#406&#1110k&#1077&#406&#1091 &#1072&#1109 buyers r&#965&#1109h&#1077&#1281 &#1110nt&#959 th&#1077 market t&#959 lock &#1110n mortgage rates &#1110n anticipation &#959f further increases &#1110n borrowing costs. Th&#1077 third h&#959n&#1077&#1109t monthly increase &#1110n existing home sales, reported b&#1091 th&#1077 National Association &#959f Realtors &#959n Wednesday, suggested housing w&#959&#965&#406&#1281 contribute t&#959 economic growth &#1110n th&#1077 fourth quarter &#1072ft&#1077r being a drag &#1110n th&#1077 previous two quarters. Existing home sales increased 0.7 percent t&#959 &#1072n annual rate &#959f 5.61 million units last month, th&#1077 peak sales pace &#1109&#1110n&#1089&#1077 February 2007.



Personal Finance News Headlines – Yahoo! News

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