U.S. pending sales of existing homes declined 1.6% in August

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Less contracts for previously owned houses were signed in August, adding to the case of slowing housing market momentum due to increasing mortgage rates. The pending home sales index dropped 1.6%, while economists had expected 1% reduction. The average rate of a fixed mortgage for 30 years was 4.58% as of August 22, the highest level since July 2011.
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