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Home sales plunge to 16-year low as mortgage rates stay high

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New York Post
November 12, 2026
Mortgage RatesSource: GNews

Sales of previously occupied US 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 US 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 New York Post

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