After delays due to the government shutdown and a large downward revision for August new home sales, the gains aren't quite what they seem.» Read More
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After delays due to the government shutdown and a large downward revision for August sales, gains aren't what they seem.
The average rate for a 30-year mortgage fell 30 basis points, and new home sales responded with their biggest monthly jump in more than 33 years.
Sales of new U.S. single-family homes recorded their biggest increase in nearly 33-1/2 years in October, even as mortgage rates rose.