Higher mortgage rates weigh on US new home sales in October

Higher mortgage rates weigh on US new home sales in October

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A "sold" sign is seen outside of a recently purchased home in Washington, U.S., July 7, 2022. REUTERS/Sarah Silbiger/File Photo Acquire Licensing Rights WASHINGTON, Nov 27 (Reuters) - Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out…

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