U.S. home resales down amid increased mortgage rates

Note: This section contains information in English only.
Source: WBP Online
The demand for houses declined in the U.S. as prices grow quickly and mortgage rates become more expensive. Resales of previously owned houses dropped 1.2% in June to 5.08 million. Analysts predicted that the number would reach 5.25 million, a gain of 1.4%. Despite slowdown, the resale growth was the second largest since November 2009.
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Mon, 22 Jul 2013 16:01:06 GMT

Pound soars to a 1-month high on home sales data

British Pound continued to advance versus the greenback as the Prime Minister of U.K. said he may reduce taxes on recovering economy. U.S. housing resale data showed lower-than-expected results, giving additional boost to the currency's appreciation. Sterling rose 0.71% to $1.5369 against the greenback at 2:51 p.m. GMT and it slightly climbed against the Euro, by 0.2% to 0.8584.

Mon, 22 Jul 2013 15:39:05 GMT

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