Home sales have weakened following increases in property prices and mortgage interest rates. Photo: AFP
Home sales have weakened following increases in property prices and mortgage interest rates. Photo: AFP
Property /  International

Rising mortgage rates hammer US housing sales

Transactions for second-hand and new homes end two-year rebound in March as lending costs increase after change in monetary policies

Bloomberg
Bloomberg

Updated: 5:50am, 30 Apr, 2014

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Home sales have weakened following increases in property prices and mortgage interest rates. Photo: AFP
Home sales have weakened following increases in property prices and mortgage interest rates. Photo: AFP
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