Housing Mortgages Information

U.S. Existing Home Sales Rise 2.0% to 4.99 Million in May

U.S. existing home sales rose to 4.99 million units in May, or 2.0%, following April's unrevised sales figure of 4.89 million. This is the third month that home sales have remained under the 5 million mark.

Economists were expecting the May data to rise to 4.95 million, or 1.2%, following the 1.0% decline in April. This marks the first monthly rise in...