July Home Sales Fell After Higher Mortgage Rates Scared Off Buyers
Existing home sales fell 1.7% in July as mortgage rate increases deterred buyers; median price rose to $434,100. Elevated borrowing costs signal broader credit tightening affecting corporate capex budgets and IT investment decisions through year-end.
July Home Sales Fell After Higher Mortgage Rates Scared Off Buyers
Existing home sales were down 1.7% over the previous month, and the median home price rose to $434,100, a near record high.
U.S. Stocks Move Higher
U.S. stock futures rose amid reports of progress in Mideast peace negotiations.
U.S. Fires on Ship Breaking Its Blockade of Iran
July Home Sales Fell After Higher Mortgage Rates Scared Off Buyers
U.S. Stocks Slip, Oil Prices Rise
U.S. Stocks Down as Oil Rises Ahead of Inflation Data
Stocks Mostly Higher as Oil Dives Toward Prewar Levels
Stocks Rise While Oil Dives Toward Prewar Levels
U.S. Stocks Fall as Concerns About Cost of Iran War Weigh on Investors
