US November existing home sales 4.15m vs 4.07m expected ...Middle East

Prior was 3.96mSales % vs +3.4% prior Sales -4.2% vs +2.9% y/y priorInventory vs 4.2 months priorMedian prices $ vs $407,200 priorPrices +% vs +4.0% y/y prior

US 30-year mortgage rates are flirting with 7% again and that's not a good sign for the housing market.

This article was written by Adam Button at www.forexlive.com.

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