Home sales hit a 16-year low on high mortgage rates

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Los Angeles Times

November 13, 2026

Mortgage RatesSource: GNews

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 16 years as mortgage rates climbed sharply, ratcheting up borrowing costs for aspiring homebuyers

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 16 years as mortgage rates climbed sharply, ratcheting up borrowing costs for aspiring homebuyers...

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Originally published by Los Angeles Times

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