Posts Tagged ‘higher mortgage rates’

Higher Mortgage Rates Prompt Pause in New-Home Sales in July

Aug 26th, 2013

Sales of newly built, single-family homes declined 13.4 percent to a seasonally adjusted annual rate of 394,000 units in July as higher mortgage rates prompted a temporary pause in buying activity, according to newly released data from HUD and the U.S. Census Bureau. “The drop-off in sales in July is in part a reflection of […]