Lower Mortgage Rates Boost Existing Home Sales

U.S. home sales rose in May, boosted by lower interest rates for mortgages, giving a positive signal for the health of the U.S. economy.

The National Association of Realtors said on Friday existing home sales increased 2.5% to a seasonally adjusted annual rate of 5.34 million units last month. April's sales pace was revised slightly higher to 5.21 million

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Mortgage Frenzy Returns as Rates Near Historic Lows! - Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home — or refinance. Click here for more info...