U.S. Existing-Home Sales Down Slightly in August
Existing-home sales slipped 0.2% in August from July, as prices rose 2% to a median sales price of $422,600. The median time on the market was 31 days nationwide.
Mortgage Rates Rise After Four-Week Decline
Rates on 30-year mortgages rose to 6.3% from 6.26% last week, while borrowing costs on 15-year mortgages increased to 5.49% from 5.41%.
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