Existing home sales surge as interest rates point higher
Existing home sales surge as interest rates point higher
By Alex Veiga | The Associated Press
Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January as mortgage rates tick higher, motivating buyers to get off the sidelines.
The National Association of Realtors said Thursday that existing homes sales rose 7% compared with August to a seasonally-adjusted annual rate of 6.29 million units. That was stronger…