30-year fixed-rate mortgage
US new home sales fall sharply in January
Sales of new U.S. single-family homes fell more than expected in January as persistently high mortgage rates sidelined potential buyers.
Sales of new U.S. single-family homes fell more than expected in January as persistently high mortgage rates sidelined potential buyers.
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
Declining mortgage rates and incentives from builders are likely to draw potential buyers back into the housing market.