Hobbling home sales, market measures & date rating

DOWN DECEMBER Existing home sales fell 6.4% between November and December and 10.3% year-over-year according to the latest National Association of Realtors’ (NAR) Confidence Index. NAR Chief Economist Lawrence Yun cited interest rate activity as the cause. “The housing market is obviously very sensitive to mortgage rates,” he said. “Softer sales in December reflected consumer

Up-to-date information on the latest financial news. View online.       Government Shutdown Impacts Housing Market Overview: Reduced expectations for global economic growth were good for mortgage rates over the past week. There was little significant economic data or news during the holiday period, and mortgage rates ended the week lower. The government shutdown