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

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

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